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Sterling Companies Restructure Executive Roles,
Promote McNeil To Chief Executive Officer.

DESTIN, Fla. – Feb. 19, 2007 – The Sterling Companies announced today a leadership level restructuring within the company, which will make J.Garrett McNeil chief executive officer and transition current CEO Jim Olin into the role of managing partner.
Garrett McNeil
J.Garrett McNeil
Jim Olin
Jim Olin
“We are pleased to announce Jim and Garrett’s new roles within the company, and are confident these adjustments will reap great benefits for Sterling in the coming years,” said Sterling Companies Board Chairman Buddy Runnels.

 “Both Garrett and Jim have done an exemplary job in leading our organization, and it’s very exciting to see the plans laid out more than a year ago proceed sooner than expected.”

McNeil most recently served as The Sterling Companies president and chief operating officer. He joined the company in 1998 as a project manager for Sterling Beach in Panama City Beach, Fla. where he grew the condominium resort to a more than $1 billion development.

As chief executive officer, McNeil will oversee and manage the executive committee while taking on a key leadership role in day-to-day operations and decision-making for The Sterling Companies’ three divisions (development, resorts and realty).

In his new role, Olin will focus on the legal and corporate structure of Sterling’s partners, developments and investments. He will also continue to serve as broker for The Sterling Companies.

Olin joined The Sterling Companies in August 2004.  Under his leadership, Sterling grew its rental management portfolio to include more than 5,500 units at 20 luxury vacation condominium resorts in three states. Olin was also instrumental in the merger of Sterling’s three divisions into a fully integrated organization.

About The Sterling Companies:
The Sterling Companies, consisting of Sterling Development, Sterling Realty and Sterling Resorts, is Northwest Florida’s only fully integrated, full-service resort development, sales and management firm.
From resort development and real estate sales to vacation rental and homeowner association management, Sterling provides a full range of services for luxury resorts, condominiums and vacation homes located in popular destinations along the Gulf Coast of Northwest Florida, Alabama and Mississippi.  In the past 10 years the Destin, Fla.-based companies have developed more than 1,600 units and home sites, with more than 1,000 additional units planned or under construction. In addition, The Sterling Companies has nearly 5,500 units at more than 20 resorts under management, and holds affiliate ownership in two of Northwest Florida’s premier developments – Bay Point Resort and Kelly Plantation.

For more information, visit


The Sterling Companies

Also See: Sterling Companies Names Jayna Leach the Director of Marketing for Resorts and Realty Divisions / November 2006
Gene Murphy Appointed General Manager of Splash!, Sterling Resorts New Condo Hotel in Panama City Beach, Florida / September 2006
The Sterling Companies Planning a 33-acre Full-service 1,700 unit Condominium Resort in Panama City Beach, Florida / June 2006

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