Geri LaChance, SESLOC CEO, retiring in June
Geri LaChance, president and CEO of the SESLOC Federal Credit Union for 12 years, is retiring effective June 2024, the San Luis Obispo-based nonprofit announced Jan. 10. She will be succeeded by Mike Quamma, the organization’s executive vice president and CFO. SESLOC Board Chair Tom Lebens praised LaChance’s tenure. “It’s hard to aptly summarize the Read More →
MannKind looks to clear up debt with capital from royalty agreement
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Region’s top stocks look to dominate their industries
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Limoneira pleased by FY2023 despite revenue dip
Despite a 2.5% dip in fiscal year 2023 revenues compared to fiscal year 2022, the CEO of Santa Paula-based Limoneira says he’s pleased with the agribusiness’s year-over-year performance. “We achieved our full-year avocado and revised lemon volume guidance despite harsh weather conditions and softer lemon pricing throughout most of the year,” Harold Edwards said during Read More →
Limoneria’s 2023 revenues dip, fourth quarter up
Santa Paula-based Limoneira’s fiscal year 2023 revenues dipped 2.6% from fiscal year 2022, $179.9 million compared to $184.6 million, the agribusiness reported Dec. 21. For the fourth quarter of fiscal year 2023, the company’s total net revenues were up 4.3% compared to fourth quarter 2022, $41.4 million to $39.7 million, the company said. Fiscal year Read More →
Portfolio watch
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Limoneira stock jumps with possible sale announcement
Santa Paula-based Limoneira’s stock price has jumped about 24% since Dec. 1 when it announced it’s looking into selling some or all parts of the company to maximize value for its stockholders. The 130-year-old company, one of Ventura County’s largest agribusinesses, said another possibility could be a merger. Limoneira is a producer of lemons, avocados and other Read More →
