Calavo names new CFO
Santa Paula-based produce distributor Calavo Growers appointed its new CFO, Shawn Munsell, before the markets opened on June 10.
Munsell is Calavo’s sixth permanent or interim CFO in the past two years. The last permanent CFO, Mariela Matute, stepped down from the position just a few months into the job to pursue another offer. CEO Brian Kocher has been filling in as interim CFO.
“We’re thrilled to have Shawn Munsell join the Calavo team,” Kocher said in a news release. “Shawn is a results-oriented leader with a breadth of finance experience. We’re looking forward to the strong leadership and contributions Shawn will make in the years to come as we continue driving sequential improvement throughout our business.”
Munsell has more than 20 years of experience in the operational finance and treasury industry with his two previous companies in the food and commodities sector.
His most recent job was as Tyson Foods’ treasurer. Prior to that, he worked at CF Industries, serving in a variety of roles with progressive responsibility for the nitrogen products manufacturer, the news release read.
“Joining Calavo in the early stages of a turnaround with the opportunity to positively affect change and impact results is very exciting,” Munsell said in a press release. “There is a talented team in place, and I’m confident that together we can refine processes, create efficiencies and position Calavo for long-term growth.”
Calavo shares were flat during the trading day June 10, closing at $38.62, up 0.1% from the day before.
Calavo has seen its shares spike over the past week, as strong earnings helped the company regain 17% since June 2.
