Governance

Stock quote

NYSE: FDP
47.55
+0.00 +0%
Volume: 182,500
10/20/17 Minimum 20 minute delay

Corporate governance policies are an essential element of the baseline practices necessary for companies to operate successfully and such policies are taken seriously at Fresh Del Monte Produce Inc., the publicly-traded (NYSE: FDP) ultimate parent company of the Fresh Del Monte Produce companies.

The Board of Directors of Fresh Del Monte Produce, Inc. have adopted strong corporate governance standards that promote the effective functioning of the Board, its committees, and the Company. The Directors of Fresh Del Monte Produce Inc. know that establishing these standards will help contribute to the success of the Company.

Board of Directors

Mohammad Abu-Ghazaleh, Chairman and Chief Executive Officer
Fresh Del Monte Produce Inc.

Chairman and Chief Executive Officer. Mr. Mohammad Abu-Ghazaleh has served as Chairman and Chief Executive Officer of Fresh Del Monte Produce since 1996. Spearheading a turnaround in the performance of the company, Mr. Abu-Ghazaleh was instrumental in cementing the company’s role as one of the world’s pre-eminent fresh, fresh-cut and prepared fruit and vegetables producers and distributors. The company went public on the New York Stock Exchange in 1997, with the ticker symbol FDP.

Alongside this, Mr. Abu-Ghazaleh also serves as Chairman of International General Insurance Co., Chairman of the Royal Jordanian Air Academy, as Chairman of Arab Wings and Chairman of Queen Noor Civil Aviation Technical College.

Mr. Abu-Ghazaleh is also Chairman of the Abdali Clemenceau Hospital project in Amman. The $290 million development recently broke ground and is expected to commence operations in the first quarter of 2019. He is a founding shareholder of Clemenceau Medical Center, Beirut.

From 1997 – 2010, Mr. Abu-Ghazaleh was Chairman and Chief Executive Officer of IAT Group Inc. He was President and Chief Executive Officer of United Trading Company from 1986 - 1996. Prior to this, he acted as Managing Director of Metico from 1967 - 1986. He was also previously Chairman of Arab Pharmaceutical Company which was sold to Hikma Pharmaceuticals PLC and is listed on the London Stock Exchange.

Mr. Abu-Ghazaleh was appointed as a member of the Economic Consultative Council by His Majesty King Abdullah II of Jordan. The 21-member body includes public and private sector leaders and was established to advise the Monarch on economic and social issues. Additionally, Mr. Abu-Ghazaleh is on the Board of King Hussein Cancer Center. He serves on the Boards of Directors of Bank Misr Liban and United Cable Company, Inc. From 2004 - March 2011, he served on the Board of Directors of Jordan Kuwait Bank.

Mr.Abu-Ghazaleh attended the American University in Cairo (AUC) where he studied Business Administration. He served on the Board of Trustees at AUC from September 2007 - March 2014. He then served as an Advisory Trustee of AUC from July 2014 - November 2015.

Mr. Abu-Ghazaleh and Mr. Amir Abu-Ghazaleh are brothers.

Hani El-Naffy, Former President and Chief Operating Officer
Fresh Del Monte Produce Inc.

Director. Mr. El-Naffy has served as a Director since 1997. Mr. El-Naffy served as the President and Chief Operating Officer for Fresh Del Monte Produce from December 1996 to November 2016. Prior to that time, he served as Executive Director for United Trading Company from 1986 until 1996.

Amir Abu-Ghazaleh, General Manager
Abu-Ghazaleh & Sons Co. Ltd.

Director. Mr. Abu-Ghazaleh has served as a Director since 1996. He is the General Manager of Abu-Ghazaleh International Company, a company that markets and distributes fresh fruit and vegetables, and has held this position since 1987. Mr. Abu-Ghazaleh has over 20 years of experience in the fresh produce industry, with extensive knowledge of the Middle East markets. Mr. Abu-Ghazaleh also serves on the boards of directors of Clemenceau Medical Center, Arab Wings and Royal Jordanian Air Academy. From 2001 to April 2010, Mr. Abu-Ghazaleh served on the board of directors of International General Insurance Co. Ltd. Jordan. Mr. Abu-Ghazaleh and Mr. Mohammad Abu-Ghazaleh are brothers.

Salvatore H. Alfiero (2),(3)(4), Founder, Chairman and Chief Executive Officer
P I Ventures, LLC

Director. Mr. Alfiero has served as a Director since 2002. In 2001, Mr. Alfiero founded P I Ventures, LLC and currently serves as its Chairman and Chief Executive Officer. In 1969, Mr. Alfiero founded Mark IV Industries, Inc. and served as its Chairman and Chief Executive Officer until its sale in 2000. Mr. Alfiero also serves on the board of directors of Southwire Company. From 1996 to May 2010, Mr Alfiero served on the boards of directors of HSBC Bank USA and HSBC North America Holdings, Inc. From 1989 to May 2010, Mr. Alfiero served on the board of directors of The Phoenix Companies, Inc.

Michael J. Berthelot C.P.A. (1),(2)(5), Chief Executive Officer
Mission Manager Inc., its parent Vigilys Inc. and Cito Capital Corporation
Also serves as the Managing Principal and Founder of Corporate Governance Advisors Inc.

Director. Mr. Berthelot has served as a Director since 2006, and is a Certified Public Accountant. He is the Chief Executive Officer of Mission Manager Inc. and its parent, Vigilys Inc., a privately held software development firm and also of Cito Capital Corporation, a strategic consulting firm. Mr. Berthelot has served as the managing principal and founder of Corporate Governance Advisors Inc., a consulting firm that provides board evaluation and advisory services since 2010. He is also a faculty member of the University of California San Diego's Rady School of Management, where he teaches corporate governance in the MBA program. From 1992 to 2003, he served as Chairman and Chief Executive Officer of TransTechnology Corporation, a publicly traded multinational manufacturing firm, and from 2003 until 2006, he continued to serve as its non-executive Chairman. Mr. Berthelot served on the board of directors of Pro-Dex, Inc. from 2009 to January 2013, where he also served as the Chief Executive Officer and President from 2012 to February 2013. Mr. Berthelot serves on the boards of directors of a privately held software company and of the Corporate Directors Forum in San Diego.

Edward L. Boykin C.P.A., Retired (1)(6)(3),(7), Consultant and Former Partner
Deloitte & Touche LLP

Director. Mr. Boykin has served as a Director since 1999. Following a 30-year career with Deloitte & Touche LLP, Mr. Boykin retired in 1991. Mr. Boykin is a private consultant on financial matters. Mr. Boykin is a retired Certified Public Accountant and serves on the board of directors of Blue Cross and Blue Shield of Florida, Inc.

Robert S. Bucklin (1)(3), Business Advisor
Retired Vice Chairman of Rabobank International's North America Wholesale Banking
Also serves on the Board of Directors of the following privately held entities: OSI Group, LLC, Agrivida, Inc. and Bay State Milling Company

Director. Mr. Bucklin retired in July 2013 as Vice Chairman of Rabobank International’s North America Wholesale Banking, a position he held since October 2010. Mr. Bucklin served as Chief Corporate Banking Officer of Rabobank International from 1994 to 2010, and as the Senior Vice President and Manager of the Dallas office of Rabobank International from 1993 to 1994. Prior to joining Rabobank International, Mr. Bucklin served as President and Chief Operating Officer of First City-Dallas bank from 1991 to 1993. He currently serves on the boards of directors of the OSI Group, LLC, Agrivida, Inc. and Bay State Milling Company. Mr. Bucklin is a member of the Advisory Board for Jacob Stern & Sons. He also serves as an Investment Advisor to Cultivian Sandbox, an agribusiness venture capital fund, as well as serves as Chairman of Global Green USA, a non-profit organization.

Madeleine L. Champion (2)(3), Chief Executive Officer
Champion Global Advisors, LLC

Director. Ms. Champion has served as a Director since April 2009. She is the Chief Executive Officer of Champion Global Advisors, LLC, a consulting firm that offers strategic advisory services to companies expanding internationally. Ms. Champion is an international management and trade consultant. She was previously Managing Director/Senior Vice President, International Banking at JP Morgan Chase & Co. from 2004 to 2008. Prior to that, Ms. Champion served as Managing Director and Head of Emerging Markets, International Financial Institutions, at Banc One Capital Markets, Inc. from 2001 to 2004. From 1997 to 2001, she held various other management positions at Bank One, N.A. Beginning in 1982, as head of the Latin America Division at Fidelity Bank in Philadelphia, she established and managed the Global Fruit Trade Finance Division. In 2005, Ms. Champion became the first woman to be elected President of the Bankers' Association for Finance and Trade (BAFT), an affiliate of the American Bankers Association. In 2011 she was elected by the U.S. Treasury to the Board of Citizens Republic Bancorp (under the Capital Purchase program) and served on the Audit and Governance Committees until April 2013 when the Bank was merged with FirstMerit. Ms. Champion has previously served on a number of boards, including the board of the Port of Philadelphia and Camden. She also sat on the International Trade Committee of the United Fruit and Vegetable Association.

John H. Dalton (1)(2), Former President
Housing Policy Council of the Financial Services Roundtable

Director. Secretary Dalton has served as a Director since 1999. He is the President of the Housing Policy Council of the Financial Services Roundtable, which represents 100 of the largest integrated financial services companies providing banking, insurance, and investment products and services. Formerly, he was President of IPG Photonics Corporation. He has held four presidential appointments requiring confirmation by the United States Senate. Secretary Dalton served as Secretary of the Navy from 1993 through 1998. He served on the President's Advisory Council on the Arts from 1999 until 2001. He served as a member and Chairman of the Federal Home Loan Bank Board from 1979 through 1981. Secretary Dalton held the position of President of the Government National Mortgage Association of the U.S. Department of Housing and Urban Development from 1977 through 1979. Secretary Dalton currently serves on the boards of directors of WashingtonFirst Bancshares, Inc. and BGC Partners, Inc. From 2000 to June 2011, Secretary Dalton served on the board of directors of IPG Photonics Corporation.

(1) Member of the Audit Committee
(2) Member of the Compensation Committee
(3) Member of the Governance Committee
(4) Governance Committee Chairman
(5) Compensation Committee Chairman
(6) Audit Committee Chairman
(7) Lead Independent Director

Contact the Board of Directors

Shareholders or other interested parties may contact any individual director by sending correspondence to the individual or recipient group at:

Attn: General Counsel
Fresh Del Monte Produce Inc.
c/o Del Monte Fresh Produce Company
241 Sevilla Avenue
Coral Gables, Florida 33134