Southern State Land & Timber

Description

Southern States Land & Timber LLC is wholly owned by The J. M. Burguières Companies, formed in 1877 by Jules M. Burguières. Mr. Burguières’ son Jules, Jr., an early owner and later board member of Southern States was active in South Florida ’s economic development. In a series of transactions from 1999 to 2002, the Burguières heirs consolidated their interests in Southern States within The J. M. Burguières Companies. Southern States, founded in 1902, once owned approximately 2,000,000 acres in what are now Martin, Palm Beach , Indian River , Broward, Dade, Collier, Lee, Hendry, and Desoto counties. By the mid 1970’s most of the company’s land interests had been sold, except for reserved mineral interests in Palm Beach , Martin and Indian River counties. Under Florida law mineral interest owners possess a right to surface access to explore for and recover the minerals. Southern States charges a fee in connection with granting the surface right owners of land unrestricted access and use of the land surface. The board of The J. M. Burguières Companies also governs Southern States. Southern States’ Chairman, Philip Burguières, and President, Ron Cambre, serve all the Burguières companies in those capacities. Harry Smith is Executive Vice President and General Manager. Both Burguières and Cambre have substantial executive experience, each having been the CEO of Fortune 500 corporations and continue to serve on several corporate boards. Smith is a former partner with a Big 4 Public Accounting firm and has served family businesses in a financial and general management capacity since 1990. Philip J. Burguières Chairman Philip J. Burguières serves as Chairman of Southern States Land & Timber LLC. He has been active in the management of the J. M. Burguières Companies for over 30 years. Mr. Burguières also serves as Vice Chairman of the Houston Texans Football Franchise. He serves as Chairman and CEO of EMC Holdings, LLC, an investment management company specializing in oil services and exploration and production industries. Additionally, he serves as Chairman Emeritus of Weatherford International, an international energy company. Until 1996, Burguières was Weatherford International’s Chairman and Chief Executive Officer. Prior to joining Weatherford in 1990, Burguières was Chairman, President and Chief Executive Officer of Panhandle Eastern Corporation. He worked for 20 years at Cameron Iron Works, Incorporated, an international oil service company, where he served as Chairman and CEO for ten years. Burguières is on the board of directors at Newfield Exploration Company, Weatherford International and J.P. Morgan Chase. He also serves as Chairman of the Board of Directors of The J.M. Burguières Company, Limited (a family-owned limited partnership). He is a member of the National Petroleum Council, the World’s President’s Organization, is past president of the Petroleum Club of Houston, the Petroleum Equipment Suppliers Association and past chairman of the National Ocean Industries Association.

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