- Push-out Score determined
- After less than three years in the position
- Accolades, thanks and good wishes for Pearson
- Alan Levan taking over
(exechange) — Boca Raton, Florida, November 25, 2019 — Shawn Pearson, chief executive of Bluegreen Vacations, leaves. As announced by Bluegreen Vacations Corp. in a news release on Monday, November 25, 2019, Shawn B. Pearson leaves his post as Chief Executive Officer at the vacation ownership company after less than three years in the role, effective December 31, 2019.
Among the 3,000 largest publicly held companies incorporated in the U.S. based on market capitalization, the average tenure of the CEOs who announced their departure over the past 12 months was 7.4 years, according to data compiled by exechange. On an accumulated basis, around 25% of the CEOs who announced their departure over the past 12 months left their posts within three years.
Shawn Pearson’s duties as CEO will be taken over by Alan B. Levan, currently Chairman of Bluegreen Vacations Corporation.
It is a reverse generational change. Alan Levan is about 33 years older than Shawn Pearson.
Shawn Pearson’s move is part of a management shake-up also involving the position of Chief Operating Officer.
“For family reasons”
The management change is explained as follows. Bluegreen Vacations said: “Shawn B. Pearson has resigned as President and Chief Executive Officer (“CEO”) effective December 31, 2019 for family reasons.”
Precise information regarding Shawn Pearson’s future plans was not immediately available.
Share price decline
The announcement follows a decline in Bluegreen Vacations Corporation’s share price of 61% since July 2018.
In the position of CEO since 2017
Shawn Pearson became CEO of the Company in February 2017.
Shawn B. Pearson was appointed Chief Executive Officer and President of the Company in February 2017 and as a director of the Company in August 2017.
Since 2015, Pearson has also served as Chairman of Renin Holdings, LLC (“Renin”), a wholly-owned subsidiary of BBX Capital which, indirectly through its subsidiaries, manufactures interior closet doors, wall décor, hardware and fabricated glass products for the home improvement industry.
Pearson served as Renin’s Chief Executive Officer from 2015 until August 2017.
From 2002 to 2015, Pearson held various leadership roles in sales, marketing and global supply chain with Danby, a privately-owned group of small appliance companies servicing the hospitality, retail, government and other distribution channels, most recently serving as President of Danby Products Ltd. and Chairman of Danby Asia.
Prior to entering the corporate world, Pearson played professional baseball within the Toronto Blue Jays organization.
Pearson holds an M.B.A.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding the management change on a scale of 0 to 10.
exechange reached out to Bluegreen Vacations and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 48.2019 ($).