Calavo Growers Appoints New CEO as Longtime Leader Retires

On November 17, 2025, Calavo Growers, a prominent US produce company, announced the appointment of B. John Lindeman as its new CEO. Lindeman, who previously served as the company's finance chief, will succeed Lee Cole, the outgoing president and CEO who is set to retire on December 8, 2025.

Founded in 1924, Calavo Growers processes and distributes a variety of fresh produce, including avocados, tomatoes, papayas, and guacamole under its own brand. The company's board of directors expressed deep gratitude to the retiring Lee Cole, who led Calavo through multiple market cycles and helped expand its global reach over his decades of outstanding leadership.

Alongside the leadership transition, Calavo also provided an update on the takeover interest it received in June 2025 from an undisclosed party. The company stated that it is currently "evaluating all strategic alternatives," though it noted that the review process may or may not result in a transaction.

For the fiscal third quarter ended July 31, 2025, Calavo reported net sales of $178.8 million, a slight 0.4% decline year-over-year. While its fresh produce segment saw a 5% sales drop, the prepared foods segment experienced a 40% increase. The company's operating income fell 7.5% to $8.6 million, while net income improved to $4.7 million compared to a loss of $762,000 a year earlier.