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Ex-Chiquita CEO gets US$16.2m payoff

Ed Lonergan joined the multinational in October 2012 to replace Fernando Aguirre

Ex-Chiquita CEO gets US$16.2m payoff

Ed Lonergan

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Chiquita’s former CEO Ed Lonergan received US$16.2m when the company was sold to Cutrale-Safra in January. The sum was disclosed by the new owners last week in their 2014 annual report to the Securities and Exchange Commission. 

Lonergan joined Chiquita in October 2012 following the dismissal of Fernando Aguirre and promised to stay at the company at least three years. He was replaced by Brian Kocher who has been appointed Chiquita’s interim CEO. Previously, Kocher served as executive vice president and chief operating officer, as well as chief financial officer responsible for all aspects of the company’s financial operations worldwide.


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