Florida East Coast Industries Appoints Chris Scott President & CEO of Flagler Global Logistics

Florida East Coast Industries Appoints Chris Scott President & CEO of Flagler Global Logistics Florida East Coast Industries, Inc. (FECI) today announced industry veteran Chris Scott has joined Flagler Global Logistics (FGL) as President and CEO. Coral Gables, FL (February 24, 2013) -- Florida East Coast Industries, Inc. (FECI) today announced industry veteran Chris Scott has joined Flagler Global Logistics (FGL) as President and CEO. Scott, who brings nearly 30 years of strategic supply chain management experience to his new role, will be responsible for managing the overall strategic direction and day-to-day operations of the company.

For more than a decade, Scott has served in a variety of senior executive leadership positions at Bi-Lo/Winn-Dixie Stores, Inc., a Fortune 500 food retail company with annual net sales exceeding $10 billion and 686 retail locations throughout the southeastern United States. He most recently served as Senior Vice President of Supply Chain & Logistics, where he was responsible for the company's entire supply chain including logistics strategy and implementation, financial planning, more than 2,000 employees, a fleet of 1,500 tractor trailers, and 5 million square feet of frozen, refrigerated and dry warehouse and distribution space.

"Chris is a proven leader who possesses tremendous expertise in the development and implementation of global supply chain management strategies," said Vincent Signorello, President and CEO of Florida East Coast Industries, Inc. "He elevates the stature and capability of our logistics and warehousing platform and will lead the dramatic growth of our business in both the United States and Latin America."

Prior to joining Winn Dixie, Scott served as Vice President of Southeast Operations at Marriott Distribution Services, a division of Marriott International, Inc. (MAR / NYSE).

He previously held escalating management positions with Pepsico across various functions of the supply chain, including operations, transportation, and warehousing.

Scott serves on the University of Tennessee's Global Supply Chain Institute Advisory Board. He holds a Bachelor of Science in Social Science from Jacksonville University.

About Flagler Global Logistics Flagler Global Logistics is a worldwide logistics company that provides a full suite of integrated supply chain management services, including consolidation and deconsolidation, multimodal transportation, warehouse management, Foreign Trade Zone, and dry and refrigerated cargo services, as well as flexible real estate solutions.

Flagler Global Logistics has exclusive connectivity to South Florida's busiest ports and airport, which provides clients a competitive advantage when importing and exporting goods. The Company owns strategic assets throughout Florida, including approximately 1 million square feet of warehouse space and additionally 1,500 acres of well-located developable land suitable for 24 million square feet of industrial development. Headquartered in Coral Gables, Fla., Flagler Global Logistics is a wholly owned subsidiary of Florida East Coast Industries, LLC. For more information, visit http://www.flaglergl.com.

About Florida East Coast Industries Florida East Coast Industries, LLC (FECI) is one of Florida's oldest and largest fullservice commercial real estate, transportation, and infrastructure companies.

Headquartered in Coral Gables, Fla., FECI has a rich history dating back over a century. Mr. Henry Flagler first established a predecessor company in 1892, which became a pioneer in the development of Florida's eastern coast. Today, FECI continues to transform Florida as the parent company to four distinct business lines including Flagler, a full-service commercial real estate company; All Aboard Florida, the United States' first privately owned and operated intercity passenger rail system; Flagler Global Logistics, an integrated logistics company that offers a wide range of logistics services and real estate solutions; and Parallel Infrastructure, a leader in thirdparty Right of Way (ROW) investments and management services. FECI is owned by private equity funds managed by affiliates of Fortress Investment Group, LLC. For more information, visit http://www.feci.com.

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