FORT LAUDERDALE, FL BBX Capital Corporation (OTCQX: BBXT) -- Bluegreen Corporation, ("Bluegreen Vacations" or "Bluegreen"), a wholly-owned subsidiary of BBX Capital Corporation ("BBX Capital"), announced that it has named Shawn Pearson as Chief Executive Officer of Bluegreen Corporation.
"Shawn is no stranger to the BBX Capital family of companies. In 2015 he joined Renin Holdings, LLC, also a wholly-owned subsidiary of BBX Capital, as Chairman and CEO. During this period he has been a passionate and focused leader, developing strategies at a high level," commented Alan B. Levan, Chairman and Chief Executive Officer of BBX Capital and Chairman of Bluegreen Corporation. "We believe Shawn has the background and acumen to lead Bluegreen forward, and we welcome him to the Bluegreen team."
Previous to joining Renin, Mr. Pearson was President of Danby Products, in Ontario, Canada, which is one of the leading manufacturers, distributors and marketers of appliances in North America. While at Danby, Mr. Pearson led Danby's expanded sales to big box retailers such as Home Depot, Costco, and Walmart. He also oversaw entry into Asia, and a strategic acquisition that resulted in substantial growth in distribution channels and product development.
Mr. Pearson attended Old Dominion University, holds an MBA from the Ivey School of Business at the University of Western Ontario, and is also a member of the Great Lakes Ontario Chapter of the Young Presidents Organization (YPO).
About BBX Capital Corporation :
BBX Capital Corporation (OTCQX: BBXT)(OTCQX: BBXTB), formerly BFC Financial Corporation, is a diversified holding company whose principal activities are its ownership of Bluegreen Corporation and, through its Real Estate and Middle Market Divisions, the acquisition, ownership and management of joint ventures and investments in real estate and real estate development projects and middle market operating businesses.
Bluegreen, founded in 1966 and headquartered in Boca Raton, Florida, is a sales, marketing and management company, focused on the vacation ownership industry. Bluegreen manages, markets and sells the Bluegreen Vacation Club, a flexible, points-based, deeded vacation ownership plan with more than 200,000 owners, 66 owned or managed resorts, and access to more than 4,300 resorts worldwide. Bluegreen also offers a portfolio of comprehensive, fee-based resort management, financial services, and sales and marketing services, to or on behalf of third parties.
As of March 31, 2017, BBX Capital had total consolidated assets of $1.4 billion, shareholders' equity of $477.9 million, and total equity of $521.6 million.