Brady Steps Down From St. Joe

The leader of the St. Joe Company, Park Brady, is stepping down.

The company announced Brady's retirement Thursday.

Brady only served as CEO for three years, but during that time he oversaw the sale of non-strategic St. Joe land to Ad Resources Inc owned by the Mormon church.

That sale gave St. Joe millions to use for future development.

Jeffery Keil, Independent Director of St. Joe, will serve as President and Interim CEO of the company until a new CEO is named.