MULHOLLAND STEPS DOWN AS CEO OF MATSON

MULHOLLAND STEPS DOWN AS CEO OF MATSON    C. Bradley Mulholland has stepped down as president and chief executive officer of Matson Navigation Company, Inc. to become vice chairman of its board.
   Alexander & Baldwin, Inc., the parent company of Matson, has also announced that Raymond L. Smith, chief operating officer, will leave the shipping company.
   Mulholland will be succeeded as president and CEO by James S. Andrasick. Andrasick, executive vice president and chief financial officer of Alexander & Baldwin, will take on additional duties as president and CEO of Matson on an interim basis.
   W. Allen Doane, president and CEO of Alexander & Baldwin and, previously, vice chairman of the board of Matson, has been appointed chairman of the shipping affiliate.
   Paul E. Stevens, previously senior vice president (ocean services) of Matson, has been promoted to executive vice president.
   “At this moment, Matson is engaged in a number of critical tasks,” Doane said.
   The company has announced an investment to build two new containerships in the U.S.; and is continuing to change the operations at its hub terminal in Honolulu. In addition, in the near term, Matson has three marine container-terminal relocations underway on the West Coast; and the company also is actively pursuing several external growth opportunities, it said.