Calavo Growers Welcomes New CFO Amid Leadership Changes

Calavo Growers Welcomes New CFO Amid Leadership Changes

Calavo Growers, Inc. (Nasdaq: CVGW), a recognized leader in the fresh produce sector, has made a significant leadership transition by appointing James Snyder as its new Chief Financial Officer, effective December 2. This change comes as Shawn Munsell, the current CFO, prepares to depart the company on November 29 to pursue other opportunities. In a show of commitment to a seamless handover, Munsell will continue to offer his consulting services through December.

Leadership Insights from Calavo’s Executives

Expressing enthusiasm over the transition, Lee Cole, the President and Chief Executive Officer of Calavo Growers, Inc., remarked on Snyder’s extensive tenure with the company. "James has been an invaluable part of our team for over 18 years, serving in various financial leadership roles. His return as CFO will no doubt enfold a positive impact on our operations,” noted Cole. He also extended his gratitude to Munsell for his contributions during his two and a half years with Calavo, wishing him success in his new endeavors.

Snyder’s Journey Back to Calavo

Snyder expressed his excitement about returning to the company he holds dear. “Coming back to Calavo feels like a homecoming for me,” he stated. His prior experience as Corporate Controller and Chief Accounting Officer at Gem-Pack Berries has equipped him with a wealth of knowledge and skills. Before that role, Snyder spent significant time at Nano Banc, honing his financial acumen in a similar capacity. His journey in the financial sector began at Deloitte, where he engaged in several audit functions over seven years.

About Calavo Growers, Inc.

Founded in 1924, Calavo Growers, Inc. has cultivated a reputation as a global leader in the processing and distribution of avocados, tomatoes, papayas, and guacamole. They operate under the reputable Calavo brand name, offering proprietary sub-brands, private label, and store brand products. The company's rich heritage is imbued with innovation and sustainable practices, addressing the needs of various markets from retail grocery to foodservice and wholesale distributions.

A Commitment to Quality and Sustainability

Calavo's dedication to providing high-quality products reflects in their partnerships with retailers, food distributors, and wholesalers globally. Headquartered in Santa Paula, California, the company boasts facilities across the United States and in Mexico, aiming to serve a diverse clientele and meet the growing demands for fresh produce.

Looking Ahead: The Future at Calavo

The leadership change is poised to enhance Calavo's strategic direction and operations as Snyder steps into his new role. His familiarity with the company’s values and practices strikes a chord for a collaborative effort towards future growth and success. The team is confident that Snyder's unique insights will foster continued innovation and drive the company forward in an increasingly competitive market.

Engagement with Stakeholders

As Calavo continues to engage with its stakeholders, the focus on maintaining transparent communication remains paramount. Investors and customers alike can anticipate updates as the company navigates through this transition, ensuring all parties feel informed and included in the journey ahead.

Frequently Asked Questions

Who is the new CFO of Calavo Growers, Inc.?

James Snyder has been appointed as the new Chief Financial Officer, effective December 2.

What led to the CFO change at Calavo?

Shawn Munsell, the current CFO, is leaving to pursue new opportunities but will assist with the transition.

What is James Snyder’s background?

Snyder has over 18 years of experience at Calavo and has held financial roles at Gem-Pack Berries and Nano Banc.

What products does Calavo Growers specialize in?

Calavo is a leader in processing and distributing avocados, tomatoes, papayas, and guacamole.

How can stakeholders learn more about Calavo's future plans?

Stakeholders can stay informed through ongoing communications from the company regarding strategic initiatives and updates.

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