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Del Monte appoints new independent director

30 April 2009 One Comment

Fresh Del Monte Produce Inc. said Thursday it has appointed Madeleine L. Champion as an independent director.

Champion will replace Maher Abu-Ghazaleh, who resigned after 12 years. Abu-Ghazaleh’s brothers Mohammed and Amir still work as directors.

Champion, an international management and trade consultant, worked as a managing director and senior vice president at JPMorgan Chase & Co. from 2004 to 2008.

Del Monte, a seller of prepared and fresh fruits and vegetables, said Tuesday its first-quarter net profit fell 45 percent to $34.9 million, or 55 cents per share, from $63.6 million, or $1 per share, a year earlier.

Del Monte shares dropped 36 cents, or 2.4 percent, to close at $14.52 on Thursday.

One Comment »

  • wendy Linn said:

    Del monte i love how they make their chiles!!