Camposol Holding, a Peru-based fresh fruit supplier, is currently in search of a new CEO following the resignation of José Antonio Gómez. The resignation was submitted on 3 June without a specified reason.
In the annual results reported in April for the year ending 31 December, Camposol saw flat sales of $464.4m. However, there was a significant increase in EBITDA by over 76% to $109.4m, with the margin nearly doubling to 23.6% from 13.4%.
Gómez has held various roles within the company over his 13-year tenure, including managing director for international operations and group chief commercial officer. The company expressed gratitude for his leadership and dedication, wishing him success in his future endeavors.
During the interim CEO search, Ricardo Naranjo, the current finance chief, will serve as CEO, while Samuel Dyer Coriat, the current board chairman, will act as executive chairman.
In a recent statement, Camposol reassured its commitment to its objectives and guaranteed the continuation of its activities and services with the same efficiency and quality. The company is involved in fruit production across the supply chain, including growing, processing, harvesting, and marketing of blueberries, avocados, mandarins, grapes, and mangoes.
Financial results for the first quarter of fiscal 2024 showed a 29% increase in sales to $152m compared to the previous year. EBITDA also increased by 119% to $60.4m, with the margin rising to 40% from 23%, and a substantial growth in net profit by 77% to $36m. Additionally, Camposol improved its leverage with a net debt-to-EBITDA ratio of 3.37 times, down from 8.27 times the previous year.
Gómez acknowledged the role of disciplined financial management in enhancing the company’s financial position, prioritizing debt reduction and efficiency initiatives for sustained success.
