Calavo Growers CEO Lecil Cole's 2018 pay slips 15% to $1.5M

Calavo Growers reports 2018 executive compensation

Published: February 28, 2019

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 $866.4K, a 14% decrease compared to previous year.

Average pay of disclosed executives at Calavo Growers

Lecil Cole, Chief Executive Officer, received $1.5M in total, which decreased by 15% compared to 2017. 50.46% of Cole's compensation, or $741.1K, was in salary. Cole also received $345.8K in bonus, $345.8K in stock awards, as well as $35.9K 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 $754.9K, which decreased by 21% compared to previous year. 49.19% of the compensation package, or $371.3K, was in salary.

Michael Browne, Vice President, Fresh Operations, earned $705.4K in 2018, a 21% decrease compared to previous year.

Ronald Araiza, Vice President, Foods Sales, received $704.8K in 2018, which decreases by 6% compared to 2017.

Robert Wedin, Vice President, Sales and Fresh Marketing, earned $698.1K in 2018, a 21% decrease compared to previous year.

Calavo Growers' fiscal year ends on October 31.