Farming Company Calavo Growers Goes Back To Its Longtime CEO - What's On The Cards?

  • Calavo Growers Inc CVGW said Lee E. Cole is returning to lead the company as President and Chief Executive Officer, effective immediately.
  • Cole served as Calavo's President and CEO from 1999 until his retirement on Jan. 31, 2020.
  • Cole has agreed to lead the company for three years with the goal of returning the company to a position of growth and shareholder value creation.
  • Cole succeeds Brian W. Kocher, who has stepped down from his role. Cole served as a director of Calavo for 39 years and 28 as Chairman of the Board.
  • "We would also like to welcome back Lee Cole as President and CEO...His knowledge of the avocado business is second to none, and we anticipate great things for the Company and our employees as we move forward," said Chairman Steven Hollister.
  • Recently, CVGW reported total revenue of $226.2 million, an 18% decline from the prior year and below the consensus of $270.57 million.
  • Adjusted EPS loss of $(0.08) also missed the Street view of $0.24.
  • Price Action: CVGW shares are trading higher by 1.72% at $24.81 on the last check Monday.
Market News and Data brought to you by Benzinga APIs
Posted In: NewsSmall CapManagementGeneralBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!