Calavo Growers, Inc. announced that President and Chief Executive Officer Lee E. Cole will retire on December 8, 2025. Board member and former Chief Financial Officer B. John Lindeman has been appointed to succeed him. Lindeman will continue to serve on the company's Board of Directors.
© Calavo Growers
Lee Cole
Board Chair Kathleen Holmgren, elected in October 2025, acknowledged Cole's long tenure and noted that he led the company through multiple market periods and oversaw its expansion. Cole stated that it had been a "privilege to lead Calavo" and expressed confidence in Lindeman's ability to guide the company going forward.
Holmgren said Lindeman brings experience from his previous roles, including his tenure as Calavo's Chief Financial Officer. Lindeman most recently served as CEO of Hydrofarm Holdings Group, Inc., and earlier held senior finance roles in both Hydrofarm and Calavo. He also serves on the board of Utz Brands, Inc., is a Chartered Financial Analyst, and holds a Bachelor of Science in business administration from the University of Mary Washington.
Lindeman said he looks forward to returning to Calavo and working with the company's management team.
Calavo also noted that it continues to evaluate strategic alternatives following a non-binding proposal, announced on June 11, 2025, to acquire all outstanding shares of the company. The company said the review process is ongoing and may or may not lead to a transaction, and that it does not plan to provide further updates unless required.
© Calavo Growers
© Calavo GrowersFor more information:
Jeremy Apple
Calavo Growers
Tel: +1 310 622 8233
Email: [email protected]
www.ir.calavo.com
