News Releases

Friday, October 31, 2008

WILLIAM MARIS JOINS HISTORIC RANCH

Parker Ranch Inc. President and CEO Chris Kanazawa announced today that William “Bill” Maris will be joining the company effective November 10, 2008 as its Chief Financial Officer.

In his new position at the historic Ranch, Maris’ responsibilities will include directing the accounting, finance and tax compliance functions for all Parker Ranch entities. Among his other duties, as CFO, Maris will provide strategic planning leadership by working with the senior management team to establish long-range goals, strategies, plans and policies.

“We are pleased to welcome Bill to the Parker Ranch ‘ohana,” said Kanazawa. “His professional experiences will be much-appreciated over the months and years to come as Parker Ranch Inc. continually seeks to provide support to the Parker Ranch Foundation Trust and its beneficiaries.”

Mr. Maris has been a certified public accountant, and he has served in a variety of financial positions, primarily on the mainland and in Hawaii. His experience as a CFO includes both public and private corporations. He holds a BS in Accounting, with honors, from the University of Oregon.

Maris was most recently the CFO at Cyanotech Corporation where he has been recognized for significant contributions and taking hold of the company’s financial operations during a critical and challenging period.

Bill and his wife have resided on the Big Island for the past three years.

Parker Ranch Inc., a wholly owned subsidiary of Parker Ranch Foundation Trust, is a highly respected cattle ranch known for quality beef, producing ten million pounds of beef each year and ranking as the 5th largest cow-calf operation in the United States.

Sixth generation Richard Palmer Parker Smart placed the ranch in a trust prior to his death in 1992 to benefit four Waimea-based organizations with a focus towards health care, education and charitable support; Hawaii Preparatory Academy, Parker School Trust Corporation, North Hawaii Community Hospital and the Richard Smart Fund of the Hawaii Community Foundation. Through 2008 nearly $15 million in cash and land has been distributed to these beneficiaries.