Tejon Ranch CEO Addresses Shareholder Concerns and Outlines Company's Strategy for Growth

Tejon Ranch Co. CEO Matthew Walker has issued a public letter to shareholders ahead of an investor engagement event, discussing his goals and strategy for driving the company toward success. Walker has spent the past eight months immersing himself in every aspect of the company and has identified areas for improvement, including allocating too much capital to a proxy defense effort. He believes Tejon Ranch is a compelling opportunity due to its strategic location, durable revenue streams, and potential for growth in the Central Valley. Walker aims to show shareholders that the company is charting a different course and prioritizing shareholder value.