Calavo CEO Lee Cole to retire Dec 8; former CFO B. John Lindeman named successor

CALAVO GROWERS INC

Lee E. Cole retires as President and CEO effective December 8, 2025, after four decades at Calavo.
B. John Lindeman appointed President and CEO effective same date; he served as CFO 2015-2020 and currently on board.
Lindeman receives $800k base salary, bonus target 50-200% of base, equity awards (25k options + $500k RSUs + 75k options), and $450k relocation.
Company continues strategic review following non-binding acquisition proposal received June 11, 2025; no further comment on process.

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