Major Shakeup at St. Joe, Britt Greene Leaves While Charlie Crist Joins

Major shakeup at the St. Joe Co. as the Fairholme Fund, which is the largest shareholder in the Northwest Florida real estate company, assumed more power in the company.

Britt Greene is out as president and CEO and has left the board of directors. Three other directors -- Michael Ainslie, John Lord and Walter Revell -- have also stepped down.

"Britt has been instrumental in the growth and development of St. Joe over the past 13 years, said Hugh Durden, chairman of the board of directors of St. Joe. We are grateful for his many valuable contributions to the company and wish him the best in his future endeavors."

Replacing the board members are Bruce Berkowitz, Charles Fernandez, Howard Frank, Thomas Fanning, Delores Kesler and a very familiar face to Floridians -- former Gov. Charlie Crist.

"St. Joe is committed to acting in the best interests of shareholders, and in light of the feedback the board of directors has received, we are taking steps to change the company's governance and leadership, said Durden. We look forward to working with the new members of the board to build shareholder value and advance St. Joe's leadership position in the Northwest Florida real estate market."