Benzinga | Jun 17, 2021 09:00AM EDT

Calavo Finance Chief Steps Down, Interim CFO Appointed

* Consumer goods and farm products company Calavo Growers Inc (NASDAQ:CVGW) has announced the departure of its Chief Financial Officer (CFO), Kevin Manion, effective July 16, 2021.

* Manion will continue to work with the company through his employment term and thereafter as a consultant to ensure a smooth transition.

* Calavo has engaged an executive search firm to identify candidates for the post of CFO.

* "He played an integral role in developing and implementing our operational and financial strategy. We wish him well in his future endeavors," said James E. Gibson, Chief Executive Officer.

* Farha Aslam, a financial expert, serving on Calavo's Board of Directors, will assume the CFO role on an interim basis.

* Aslam is Founder and Managing Partner at Crescent House Capital, an investment and strategic advisory firm, and currently serves on Calavo's audit, compensation, and sustainability committees of the Board.

* Price action: CVGW shares closed lower by 1.61% at $64.67 on Wednesday.