03.04.2008 21:57:00
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Chiquita Brands International Elects William H. Camp to Board of Directors
CINCINNATI, April 3 /PRNewswire/ --
- Former ADM Executive Adds Depth and Supply Chain Expertise to Board
Chiquita Brands International, Inc. (NYSE: CQB) today announced that the board of directors has decided to increase its size from eight to nine members and has elected William (Bill) H. Camp, 59, to fill the new position. Camp brings more than 30 years of management experience in the agricultural processing value chain, with expertise in supply chain, manufacturing, logistics, merchandising, and strategic planning operations.
"We are delighted to welcome Bill to Chiquita's board," said Fernando Aguirre, chairman and chief executive officer. "His leadership and extensive skills in operating a global supply chain will enhance an already strong group of independent board members whose vision and expertise continue to advance Chiquita's sustainable growth strategy."
"Chiquita is an exciting company that is becoming a global leader in branded, healthy, fresh foods," said Camp. "I look forward to bringing my experience to Chiquita's board to work with this management team."
Camp's career spanned more than 20 years with the Archer Daniels Midland Company (ADM), an agricultural processing company and manufacturer of value- added food and feed ingredients, until his retirement from ADM in December 2007. He served ADM in several capacities, including: executive vice president, Asia strategy; executive vice president processing; senior vice president global oilseeds, cocoa and wheat milling; president North American oilseed processing group and; president South American oilseed processing and grain operation. Previously, he worked for seven years at A.E. Staley Manufacturing Company, a supplier of value-added products derived from corn, including sweeteners, starches, ethanol and animal feeds.
The company also announced today that Morten Arntzen has notified the company's board of directors of his decision not to stand for re-election as a director at the company's annual meeting of stockholders on May 22, 2008 due to other business commitments. He will continue to serve as a director until that time.
"For the past six years it has been a privilege and honor to benefit from Morten's expertise and sound judgment on our board of directors," said Aguirre. "We all join in extending our thanks to him for his tremendous efforts on Chiquita's behalf and his enthusiasm for our strong future, which his leadership has helped to shape."
In addition to Aguirre and Camp, the board currently includes: Morten Arntzen, president and chief executive officer for Overseas Shipholding Group, an oceangoing vessel operator; Howard W. Barker Jr., former partner of KPMG LLP; Robert W. Fisher, a private investor with more than 35 years senior management experience at various banana companies; Clare M. Hasler, executive director of the Robert Mondavi Institute for Wine and Food Science at the University of California at Davis; Durk I. Jager, former chairman, president and chief executive officer at the Procter & Gamble Co.; Jaime Serra, senior partner of Serra Associates International, a consulting firm in law and economics, and Mexico's former secretary of finance and secretary of trade and industry; and Steven P. Stanbrook, president, developing markets platform at S.C. Johnson & Son, Inc.
With annual revenues of approximately US$4.7 billion, Chiquita Brands International, Inc. (NYSE: CQB) is a leading international marketer and distributor of high-quality fresh and value-added food products - from energy-rich bananas and other fruits to nutritious blends of convenient green salads. The company's products and services are designed to win the hearts and smiles of the world's consumers by helping them enjoy healthy fresh foods. The company markets its products under the Chiquita(R) and Fresh Express(R) premium brands and other related trademarks. Chiquita employs approximately 24,000 people operating in more than 70 countries worldwide. For more information, please visit our web site at www.chiquita.com.
Web site: http://www.chiquita.com
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