Mr. Pacini has been the President, Chief Executive Officer and a Director of California Coastal Communities, Inc. (NASDAQ: CALC) since May 1998. CALC is a residential land development and homebuilding company operating in Southern California. In April 2005, CALC obtained approval from the California Coastal Commission to build 349 homes at Bolsa Chica, near Huntington Beach, CA. Prior to May 1998, Mr. Pacini was the Chief Financial Officer of CALC (formerly known as Koll Real Estate Group, Inc. and Henley Properties, Inc.) from June 1990 until May 1998. During that time, Mr. Pacini led the company through a pre-packaged bankruptcy in 1997 that exchanged $200 million of debentures for equity in the company.
Mr. Pacini also serves on the board of directors of Cadiz Inc. (NASDAQ: CDZI), which manages water resources in California, and he is chairman of that company’s audit committee. From March 1999 to June 2002, Mr. Pacini also served as a director of Metalclad Corporation (NASDAQ: MTLC), a company in the business of waste treatment, asbestos removal and insulation installation, and chairman of its audit committee.
Prior to moving to California in 1990, Mr. Pacini was the Director of Financial Reporting for The Henley Group, Inc., a $ 7 billion conglomerate based in Hampton, NH. Mr. Pacini started his career as a CPA for Coopers & Lybrand (now know as PricewaterhouseCoopers) in Boston, MA from 1979 through 1986.
Mr. Pacini received an A.B. from Colgate University in 1977 and an M.B.A. from Cornell University in 1979.