Calavo Growers Appoints Brian Kocher As CEO

Calavo Growers Inc CVGW has appointed Brian W. Kocher as President and Chief Executive Officer, effective February 1, 2022.
Kocher will succeed Steve Hollister, who has served as Calavo's Interim CEO since September. Hollister will return to serving as an independent member of the Board on February 1, 2022.
Before joining Calavo, Kocher served as the President and CEO of the Castellini Group of Companies, a fresh produce distributor.
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On December 20, 2021, Calavo Growers reported Q4 total revenue growth of 17% to $273.4 million, topping the consensus of $263.38 million. The gross margin contracted to 3.3% from 9.0% last year. Adjusted EPS loss of $(0.08) was better than the consensus of $(0.11).
Price Action: CVGW shares closed higher by 8.38% at $43.06 on Tuesday.

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