California Avocado Commission (CAC) President Tom Bellamore announced the promotion of Monica Arnett, a seven-year veteran of the Commission, to vice president of finance and administration. In her new role Arnett oversees the management of finance, administration, human resources and information technology.
“In her previous roles with CAC Monica has demonstrated continual growth and mastery of the unique skills needed to spearhead the finances and administration of the organization,” said Bellamore. “Market conditions in the avocado industry can have big impacts on the Commission’s funding and the California avocado growers’ needs for marketing and other support. Monica is right on top of CAC’s finances and forecasts, which helps us be nimble and responsive while acting responsibly with grower funds.”
Monica Arnett joined the Commission as finance and accounting manager in 2012, then became of director of finance and administration in 2016. She began her career in public accounting, working as an audit associate for KPMG, then took on the health care industry, commercial and residential real estate assets and property management with firms such as the Koll Company and LBA Realty. She earned her CPA in 2009. When her job took her briefly to Texas, native Californian Monica felt she had to come back home. When a position with CAC became available it was a perfect fit.
“For me, working with the California Avocado Commission is a blend of day-to-day essentials and high-level strategic thinking; every day is an adventure,” said Arnett. “It’s a unique business because to support the growers CAC needs to put as much funding as possible in support of California avocados, while maintaining reserves to carry through lean years due to crop and pricing variability.”