On January 5, 2015, the Board of Directors of BFC Financial Corporation approved the appointment of Raymond S. Lopez as Chief Financial Officer and Chief Accounting Officer of the company, effective on the first business day following the filing of the company's Annual Report on Form 10-K for the year ended December 31, 2014. Mr. Lopez will succeed John K. Grelle, who will retire after serving as the company's Chief Financial Officer since 2008. Since 2012, Mr. Grelle has also served as the company's Chief Accounting Officer.

Mr. Lopez, has served as Chief Accounting Officer of Bluegreen Corporation (Bluegreen) since 2005 and as Senior Vice President of Bluegreen since 2007.