Peru-based fresh-produce giant Camposol has named its current interim CEO Ricardo Naranjo as the permanent head of the company.
Naranjo has been interim chief executive since June when former CEO José Antonio Gómez resigned.
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Gómez handed in his resignation on 3 June, according to a statement from Camposol, which did not provide a reason for his departure.
In a post on LinkedIn, Naranjo said: “Today I am proud to share that I have been endorsed as the new CEO of Camposol, a challenge that I take on with enthusiasm, responsibility and the commitment to continue working in the field to improve lives.”
The fruit grower said its board of directors had “unanimously endorsed Ricardo’s appointment, fully confident in his ability to create value and drive sustainable growth”.
As part of this leadership transition, Samuel Dyer Coriat will step down from his role as executive chairman of the board, while remaining as chairman of the board. The business said this move reflects its “commitment to enhancing executive leadership under Ricardo’s guidance”.
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By GlobalDataDyer Coriat said he extends “his best wishes to Ricardo for continued success in this important role”.
He added: “Ricardo has shown extraordinary dedication and commitment to our mission of improving lives through agriculture. I am confident that his leadership will steer Camposol towards even greater achievements as we consolidate our growth and pursue new opportunities.”
Naranjo had served as finance chief for the food producer since November 2023. He held the position of CFO for a Chile-based agri-food company, San José Farms, for five-and-a-half years between 2018 and 2023.
He held the job titles director and chief financial officer of Colombia for a subsidiary of Inversiones Ultramar, a Chile-headquartered international logistics business, between 2014 and 2018. He worked in different management and finance positions since 2009.
Camposol is engaged in fruit production across the supply chain from growing, processing, harvesting and marketing. Its range consists of blueberries, avocados, mandarins, grapes and mangoes.
The company operates facilities in Peru, Colombia, Uruguay, Chile and Mexico, and also has distribution centres in North America, Europe and Asia.
In 2023, the company generated sales of $464.4m, which were flat year on year. Its EBITDA increased more than 76% to $109.4m with the margin almost doubling to 23.6% from 13.4%.
Its financial results for the third quarter of 2024 were announced in November.
The business’s net profit rose to $32.7m, a 65% increase compared to the third quarter of 2023. EBITDA climbed to $102.6m, which is a 96% year-on-year growth. Its sales totalled $302m, a 14% climb compared to a year before.
