US produce company Calavo Growers has named B. John Lindeman as its new CEO, succeeding Lee Cole on 8 December. Calavo, founded in 1924, processes and distributes avocados, tomatoes, and papayas. Lindeman, former CEO of Hydrofarm Holdings Group, brings industry knowledge and M&A experience to the role. The company is evaluating strategic alternatives following takeover interest. For the fiscal third quarter, net sales were $178.8m, with fresh segment sales down 5% and prepared segment sales up 40%. Operating income fell 7.5% to $8.6m. For the nine months ended 31 July, net sales increased 6.5% to $523.7m.

Read more at Yahoo Finance: Calavo Growers appoints former finance chief as new CEO