Chiquita Brands International has announced that Edward Lonergan is to replace the outgoing Fernando Aguirre as president and chief executive officer.
Lonergan will begin his new position on 8 October, succeeding Fernando Aguirre, who had announced in August that he was planning to step down as chairman, president and CEO of Chiquita. The new CEO was most recently president and chief executive of Diversey, a global supplier of sustainable cleaning, sanitation and hygiene products, which is part of Sealed Air. He has also worked at Gillette and spent 21 years with P&G.
On taking the reigns at the America-based fresh produce giant, Lonergan said, "I am committed to working closely with the board, management team and talented employees to continue the company's financial and strategic turnaround aimed at refocusing and re-energising the core business and driving down costs. We believe this strategy will allow Chiquita to enhance its competitive position and further align its operations and investments to increase profitability, improve cash flow, reduce debt and drive long-term shareholder value." (4 Oct)
© 2012 - ESM: European Supermarket
