On March 2, 2022, 
Fresh Del Monte Inc. appointed Monica Vicente as the Company's Senior Vice President and Chief Financial Officer effective April 1, 2022. In that role, Ms. Vicente will also serve as principal accounting officer. Ms. Vicente has served as Vice President, Corporate Finance since 2003 and most recently led the Company's regional finance, global financial planning & analysis, investor relations, and global procurement functions.
Ms. Vicente also led other finance functions in her 24-year tenure with the Company, including SEC reporting & controlling, tax, and treasury. Prior to joining the Company, Ms. Vicente spent 6 years at Ernst & Young in their assurance services group.
In connection with her promotion to Senior Vice President and Chief Financial Officer, the Compensation Committee has agreed to increase Ms. Vicente's base salary to $485,000. Ms. Vicente will become eligible to participate in the Senior Executive Annual Incentive Plan with a target opportunity of 50% of her base salary, will receive, starting in 2023 concurrently with the award of equity to each of the Company's other executive officers, time-based RSUs and performance based RSUs, in each case with a value of 25% of her base salary and a Long-Term Incentive Plan award set at 35% of her base salary.
There are no other arrangements or understandings between Ms. Vicente and any other person pursuant to which Ms. Vicente was appointed as Chief Financial Officer of the Company. There are also no family relationships between Ms. Vicente and any director or executive officer of the Company, and Ms. Vicente has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
For more information: freshdelmonte.com