SANTA PAULA, Calif.--(BUSINESS WIRE)--Dec. 5, 2017--
Limoneira Company (NASDAQ: LMNR), a leading agribusiness with prime
agricultural land and operations, real estate and water rights
throughout California, Arizona and Chile, today announced that it will
name Mark Palamountain as its new Chief Financial Officer, Treasurer and
Corporate Secretary, effective January 8, 2018. Mr. Palamountain will
replace Limoneira’s Chief Financial Officer, Joe Rumley, who announced
his decision to pursue other opportunities on September 26th
after serving in this role since 2010.
Mr. Palamountain most recently served as Limoneira’s Senior Director of
Agriculture Operations and has been with the Company since 2012. He has
been instrumental in building and managing a deep pipeline of
acquisition activities and successfully acquired over 3,000 new acres,
created and implemented Limoneira’s “Net Zero” renewable energy
portfolio expansion, managing capital growth strategies and acreage
redevelopment activities, and worked directly with all investor
relations activities.
Prior to joining Limoneira, Mr. Palamountain was CEO and Founder of
Perpetual Power LLC, a leading solar integration company specializing in
finance and product technology. From 2003 to 2008, he served as a
Managing Director, Head of Nasdaq trading for Broadpoint Securities,
where he was responsible for all trading desk management functions for a
team of 25 traders. Between 2001 and 2003, Mr. Palamountain was
Principal at Thomas Weisel Partners and from 1997 to 2001, he was a
trader at JPMorgan Chase.
“We are excited about Mark’s transition to the role of Chief Financial
Officer and would like to thank Joe for his work in establishing a
strong financial reporting infrastructure at Limoneira,” said Harold
Edwards, Limoneira’s President and Chief Executive Officer. “Mark has
been a valued member of our leadership team in his nearly six years with
the Company, leading our business development efforts and renewable
energy initiatives, as well as managing our agriculture operations.
Combined with his background in capital markets, he will be well suited
to execute the Company’s capital allocation framework and ensure we are
maximizing value for shareholders.”
Mr. Palamountain commented, “I look forward to leveraging my capital
markets and operational experience to continue building upon Limoneira’s
strong heritage in the citrus industry. Over the past number of years
our team has put the elements in place to significantly grow our
agribusiness operations in the coming years following a series of
investments in new orchards and infrastructure. I look forward to the
opportunities that are ahead for Limoneira and our long-term
shareholders.”
About Limoneira Company
Limoneira Company, a 124-year-old international agribusiness
headquartered in Santa Paula, California, has grown to become one of the
premier integrated agribusinesses in the world. Limoneira (pronounced lē
mon΄âra) is a dedicated sustainability company with over 11,200 acres of
rich agricultural lands, real estate properties, and water rights in
California, Arizona and Chile. The Company is a leading producer of
lemons, avocados, oranges, specialty citrus and other crops that are
enjoyed throughout the world. For more about Limoneira Company, visit www.limoneira.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171205005954/en/
Source: Limoneira Company
Investor Contact:
ICR
John Mills, 646-277-1254
Managing
Partner
or
Media Contact:
Limoneira
John
Chamberlain, 805-708-0364
