Hollister Named Chairman of Calavo Growers, Inc.
February 01 2022 - 7:00AM
The Board of Directors of Calavo Growers, Inc.
(Nasdaq-GS:
CVGW), a global avocado-industry leader and provider of
value-added fresh food, today named Steven Hollister as Chairman of
the Board of Directors effective immediately. Hollister served as
Calavo’s Interim Chief Executive Officer from Sept. 8 to Jan. 31.
As previously announced, Brian W. Kocher assumes the role of
Calavo’s President and Chief Executive Officer today. J. Link
Leavens, who had served as chairman since March 2020, will remain
on the board.
“It has been a privilege to serve as chairman of Calavo
Growers,” Leavens said. “I fully support Steve as he assumes this
new role. It is a positive move for the company and its
shareholders to have an independent chairman leading the board, and
I look forward to my continued service on the board under Steve’s
leadership.”
A board member since 2008, Mr. Hollister also has been a
Managing Member of Rocking Spade, LLC, a diversified investor and
developer with interests in ranching and commercial properties,
since 2001. Previously he was Vice President of Sunrise Mortgage
& Investment Company, General Manager of Niven Family Wine
Estates, Chief Operating Officer of Fess Parker Winery &
Vineyard and Santa Barbara County Wine Center, and Senior Vice
President of Central Coast Farm Credit.
“I’m appreciative of my fellow board members for the trust and
confidence they’ve placed in me by selecting me to serve as
chairman,” Hollister said. “I believe that my experience in finance
and agriculture, in addition to my time as interim CEO, will
continue to benefit both the board and the company’s leadership
team. I’m looking forward to working with and supporting Brian as
he leads Calavo into what we believe will be a new phase of
long-term growth to benefit all our stakeholders.”
About Calavo Growers, Inc.Calavo Growers, Inc.
is a global avocado-industry leader and provider of value-added
fresh food serving retail grocery, foodservice, club stores, mass
merchandisers, food distributors and wholesalers worldwide. The
Company’s Fresh segment procures and markets fresh avocados and
select other fresh produce, including tomatoes and papayas. The
Renaissance Food Group (RFG) segment creates, markets and
distributes a portfolio of healthy, fresh foods, including
fresh-cut fruit, fresh-cut vegetables and prepared foods. The Foods
segment manufactures and distributes guacamole and salsa. Founded
in 1924, Calavo’s fresh food products are sold under the respected
Calavo brand name as well as Garden Highway, Chef Essentials and a
variety of private label and store brands.
Safe Harbor Statement This press release
contains statements relating to future events and results of Calavo
that are "forward-looking statements," as defined in the Private
Securities Litigation Reform Act of 1995, that involve risks,
uncertainties and assumptions. These statements are based on our
current expectations and are not promises or guarantees. If any of
the risks or uncertainties ever materialize or the assumptions
prove incorrect, the results of Calavo may differ materially from
those expressed or implied by such forward-looking statements and
assumptions. The use of words such as "anticipates," "estimates,"
"expects," "projects," "intends," "plans" and "believes," among
others, generally identify forward-looking statements.
For a discussion of the risks and uncertainties that we face,
please see the risk factors described in our most recent Annual
Report on Form 10-K filed with the Securities and Exchange
Commission and any subsequent updates that may be contained in our
Quarterly Reports on Form 10-Q and other filings with the
Securities and Exchange Commission. Forward-looking statements
contained in this press release are made only as of the date of
this press release, and we undertake no obligation to update or
revise the forward-looking statements, whether as a result of new
information, future events or otherwise.
Investor Contact:Financial Profiles, Inc.Julie Kegley, Senior
Vice President310-622-8246calavo@finprofiles.com
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