Calavo Growers, Inc. Board of Directors Elects New Chair

Core Insights - Calavo Growers, Inc. has elected Farha Aslam as the new Chair of the Board of Directors, effective immediately, marking a significant leadership change in the company [1][2] - The company is well-positioned for growth due to strong relationships with growers and customers, a solid balance sheet, and a committed team [2][3] - Steven Hollister, the outgoing Chair, will continue to serve on the Board, bringing his extensive experience to support the new leadership [2][3] Company Overview - Calavo Growers, Inc. is a global leader in the processing and distribution of avocados, tomatoes, papayas, and guacamole, with a history dating back to 1924 [4] - The company operates under the Calavo brand and various proprietary and private label brands, serving a wide range of customers including retail grocery, foodservice, and wholesalers [4] - Headquartered in Santa Paula, California, Calavo has facilities throughout the U.S. and Mexico, emphasizing innovation and sustainable practices [4] Leadership Background - Farha Aslam, the new Chair, is the Managing Partner at Crescent House Capital and has extensive experience in the finance industry, including roles at Stephens Inc., Merrill Lynch, and UBS [3] - Aslam has a strong background in food and agribusiness equity research, having built a top-tier research franchise and successfully managed equity offerings and debt financings [3] - Her educational background includes a bachelor's degree in economics from the University of California and an MBA from Columbia University [3]