Calavo Growers reports 2018 executive compensation
CEO Lecil Cole receives $1.5M
Calavo Growers reported fiscal year 2018 executive compensation information on February 28, 2019.
In 2018, five executives at Calavo Growers received on average a compensation package of $866,371, a 14% decrease compared to previous year.Average pay of disclosed executives at Calavo Growers
Lecil Cole, Chief Executive Officer, received $1,468,667 in total, which decreased by 15% compared to 2017. 50.46% of Cole's compensation, or $741,125, was in salary. Cole also received $345,831 in bonus, $345,831 in stock awards, as well as $35,880 in other compensation.
For fiscal year 2018, the median employee pay was $3,885 at Calavo Growers. Therefore, the ratio of Lecil Cole's pay to the median employee pay was 378 to one.
B. John Lindeman, Chief Financial Officer, received a compensation package of $754,893, which decreased by 21% compared to previous year. 49.19% of the compensation package, or $371,315, was in salary.
Michael Browne, Vice President, Fresh Operations, earned $705,360 in 2018, a 21% decrease compared to previous year.
Ronald Araiza, Vice President, Foods Sales, received $704,808 in 2018, which decreases by 6% compared to 2017.
Robert Wedin, Vice President, Sales and Fresh Marketing, earned $698,125 in 2018, a 21% decrease compared to previous year.
Calavo Growers' fiscal year ends on October 31.