Mission Produce® Announces Leadership Succession and Provides Update on Board Refreshment Initiative

Leadership Transition - Mission Produce announced that John Pawlowski will become CEO effective at the close of the Annual Meeting of Shareholders in April 2026, succeeding co-founder Steve Barnard, who will transition to Executive Chairman of the Board [1][2] - Steve Barnard has been with the company since its founding in 1983 and has served as CEO since 1988, highlighting the company's growth and operational success under his leadership [2][3] Financial Performance - The company has experienced exceptional financial performance over the past two years, completing a significant capital expenditure cycle and enhancing cash flow generation [2][3] - Mission Produce is well-positioned for future growth, with investments in growing operations and distribution infrastructure creating competitive advantages [3] Board Refreshment Initiative - Mission Produce is undergoing a strategic Board refreshment initiative, adding three new independent directors with expertise in finance, food and beverage operations, and agribusiness [4][5] - The Board is preparing for the retirement of long-time Board Chair Stephen Beebe and Board member Bonnie Lind, with Linda Segre appointed as the new Lead Independent Director [4][5] New Board Members - Michael Sims, Laura Flanagan, and Douglas Stone have been appointed as new independent directors, bringing extensive experience in the food and agribusiness sectors [9] - Sims will assume the role of Chair of the Audit Committee, Flanagan will chair the Nominating and Corporate Governance Committee, and Stone will serve on the Compensation Committee [9]