Exclusive Resorts announced Tuesday that AOL co-founder Steve Case has become chairman of its board of directors.
Case also will lead a $20 million round of new equity financing for the luxury destination club.
Case, who has served on Exclusive Resorts’ board since investing in the company in 2003, acquired majority ownership in 2004.
Exclusive Resorts has more than 3,000 members and a real estate portfolio valued at more than $1 billion. The Denver-based club was founded in 2002.
Case grew up in Honolulu and graduated from Punahou School. He is the majority shareholder of Maui Land & Pineapple Co. (NYSE: MLP) and serves on its board of directors.
Case also owns Grove Farm, one of Kauai’s largest private landowners, and is chairman and CEO of Revolution, a market investment firm.
Case will chair Exclusive Resorts board – Pacific Business News (Honolulu):
