Mission Produce™ Appoints New President & Chief Operating Officer
07 Mars 2024 - 10:01PM
Mission Produce, Inc. (NASDAQ: AVO) (“Mission” or “the Company”), a
world leader in sourcing, producing, and distributing fresh Hass
avocados, today announced the appointment of John Pawlowski to
President and Chief Operating Officer (COO), effective April 1,
2024. Steve Barnard will continue to serve as Mission Produce’s
Chief Executive Officer and a member of the Board of Directors.
Pawlowski is a highly accomplished executive leader joining
Mission with more than 25 years in the global food and foodservice
industry, specializing in business development, system optimization
and executive team management. Pawlowski has a proven track record
of leading international market growth strategies in large global
organizations such as J.M. Smucker, where he progressed over more
than 16 years in a variety of leadership positions, culminating
with a post as Vice President of International, driving logistical
efficiencies, market access and strategic partnerships. Most
recently, he served as the President and COO of Lipari Foods, a
leading independent distributor, where he was responsible for
leading M&A and organic growth, expanding the company’s
national distribution and designing operational strategy. Pawlowski
leverages his international expertise in process improvement,
logistics and organizational design to build results-driven teams
that demonstrate growth.
“John is an exceptional leader who brings a passion for
innovation that strongly aligns with the long-term goals of Mission
Produce as a market leader,” said Steve Barnard, Chief
Executive Officer. “With his comprehensive background in the
international food industry and impressive track record of driving
businesses to new heights, I believe his skillset will greatly
contribute to our continued growth as we work to enhance our
operating strategies to maximize shareholder value.”
“I am thrilled to join Mission Produce as a global leader with a
strategic vision to drive avocado consumption across the globe,”
said Pawlowski. “With Mission’s unparalleled positioning, advanced
global infrastructure and world-class team, there are endless
opportunities to leverage the Company’s assets for accelerated
growth. I look forward to applying my expertise in market access
and operational design to help optimize Mission’s operations and
deliver value for its customers, shareholders and other
stakeholders.”
Pawlowski holds a Master of Business Administration (MBA) from
Kent State University and a Bachelor of Science in Marketing from
Miami University.
About Mission Produce,
Inc.:Mission Produce is a global leader in the worldwide
avocado business with additional offerings in mangos and
blueberries. Since 1983, Mission Produce has been sourcing,
producing and distributing fresh Hass avocados, and currently
services retail, wholesale and foodservice customers in over 25
countries. The vertically integrated Company owns and operates four
state-of-the-art packing facilities in key growing locations
globally, including California, Mexico and Peru and has additional
sourcing capabilities in Chile, Colombia, the Dominican Republic,
Guatemala, Brazil, Ecuador, South Africa and more, which allow the
company to provide a year-round supply of premium fruit. Mission’s
global distribution network includes strategically positioned
forward distribution centers across key markets throughout North
America, China, Europe, and the UK, offering value-added services
such as ripening, bagging, custom packing and logistical
management. For more information, please visit
www.missionproduce.com.
Forward-Looking StatementsStatements in this
press release that are not historical in nature are forward-looking
statements that, within the meaning of the federal securities laws,
including the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995, involve known and unknown risks and
uncertainties. Words such as "may", "will", "expect", "intend",
"plan", "believe", "seek", "could", "estimate", "judgment",
"targeting", "should", "anticipate", "goal" and variations of these
words and similar expressions, are also intended to identify
forward-looking statements. The forward-looking statements in this
press release address a variety of subjects, including statements
about our short-term and long-term assumptions, goals and targets.
Many of these assumptions relate to matters that are beyond our
control and changing rapidly. Although we believe the expectations
reflected in such forward-looking statements are based upon
reasonable assumptions, we can give no assurances that our
expectations will be attained. Readers are cautioned that actual
results could differ materially from those implied by such
forward-looking statements due to a variety of factors, including:
limitations regarding the supply of avocados, either through
purchasing or growing; fluctuations in the market price of
avocados; increasing competition; risks associated with doing
business internationally, including Mexican and Peruvian economic,
political and/or societal conditions; inflationary pressures; loss
of one or more of our largest customers; general economic
conditions or downturns; supply chain failures or disruptions;
disruption to the supply of reliable and cost-effective
transportation; failure to recruit or retain employees, poor
employee relations, and/or ineffective organizational structure;
inherent farming risks; seasonality in operating results; failures
associated with information technology infrastructure, system
security and cyber risks; new and changing privacy laws and our
compliance with such laws; food safety events and recalls; failure
to comply with laws and regulations, including those promulgated by
the USDA and FDA, health and safety laws, environmental laws, and
other laws and regulations; changes to trade policy and/or
export/import laws and regulations; risks from business
acquisitions, if any; lack of or failure of infrastructure;
material litigation or governmental inquiries/actions; failure to
maintain or protect our brand; changes in tax rates or
international tax legislation; risks associated with the ongoing
conflict in Russia and Ukraine; the viability of an active, liquid,
and orderly market for our common stock; volatility in the trading
price of our common stock; concentration of control in our
executive officers, directors and principal stockholders over
matters submitted to stockholders for approval; limited sources of
capital appreciation; significant costs associated with being a
public company and the allocation of significant management
resources thereto; reliance on analyst reports; failure to maintain
proper and effective internal control over financial reporting;
restrictions on takeover attempts in our charter documents and
under Delaware law; the selection of Delaware as the exclusive
forum for substantially all disputes between us and our
stockholders; risks related to restrictive covenants under our
credit facility, which could affect our flexibility to fund ongoing
operations, uses of capital and strategic initiatives, and, if we
are unable to maintain compliance with such covenants, lead to
significant challenges in meeting our liquidity requirements and
acceleration of our debt; and other risks and factors discussed
from time to time in our Annual and Quarterly Reports on Forms 10-K
and 10-Q and in our other filings with the Securities and Exchange
Commission. You can obtain copies of our SEC filings on the SEC’s
website at www.sec.gov. The forward-looking statements contained in
this press release are made as of the date hereof and the
Corporation does not intend to, nor does it assume any obligation
to, update or supplement any forward-looking statements after the
date hereof to reflect actual results or future events or
circumstances.
Investor
RelationsICRJeff
Sonnek646-277-1263jeff.sonnek@icrinc.com
MediaJenna
AguileraMarketing and Communications
ManagerMission Produce,
Inc.press@missionproduce.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/9021491a-b995-49a1-a06e-6f45d3b977b2
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