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

Calavo Growers Inc (NASDAQ: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.

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