Calavo Growers CEO Lecil Cole's 2019 pay jumps 76% to $2.6M
Calavo Growers reports 2019 executive compensation
By ExecPay News
Published: February 28, 2020
Calavo Growers reported fiscal year 2019 executive compensation information on February 28, 2020.
In 2019, five executives at Calavo Growers received on average a compensation package of $1.5M, a 79% increase compared to previous year.
Average pay of disclosed executives at Calavo Growers
Lecil Cole, Chief Executive Officer, received $2.6M in total, which increased by 76% compared to 2018. 34% of Cole's compensation, or $880K, was in bonus. Cole also received $791K in salary, $880K in stock awards, as well as $39K in other compensation.
For fiscal year 2019, the median employee pay was $4,948 at Calavo Growers. Therefore, the ratio of Lecil Cole's pay to the median employee pay was 523 to one.
B. John Lindeman, Chief Financial Officer, received a compensation package of $1.3M, which increased by 73% compared to previous year. 33% of the compensation package, or $425K, was in bonus.
James Gibson, President, RFG, earned $1.3M in 2019, a 86% increase compared to previous year.
Ronald Araiza, Vice President, Foods Sales, received $1.2M in 2019, which increases by 65% compared to 2018.
Robert Wedin, Vice President, Sales and Fresh Marketing, earned $1.2M in 2019, a 66% increase compared to previous year.
Calavo Growers' fiscal year ends on October 31.
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Source: SEC filing on February 28, 2020.