FRESH DEL MONTE PRODUCE Business Summary

Fresh Del Monte Produce Inc. (FDP) operates as a leading vertically integrated producer, marketer, and distributor of high-quality fresh and fresh-cut fruit and vegetables. The company generates revenue through the global sale of produce and prepared food products, structured into three primary segments: Fresh and Value-Added Products (approximately 61% of net sales), which includes pineapples, avocados, and fresh-cut produce; Banana (34%); and Other Products & Services (5%), leveraging its extensive cold-chain logistics and third-party shipping network. As of early 2026, the company continues to pivot toward high-margin, branded specialty items like Honeyglow® and Pinkglow® pineapples to mitigate the commodity risks inherent in its traditional banana business. Its primary direct competitors include Dole plc, Alico, Inc., and Limoneira Company, with Fresh Del Monte maintaining a dominant market position in the premium pineapple and fresh-cut segments due to its superior global distribution infrastructure and significant farmland ownership. Leadership is anchored by Chairman and CEO Mohammad Abu-Ghazaleh, who has steered the company since its 1996 acquisition by the Abu-Ghazaleh family, transforming it into a global powerhouse. Supporting him is Mohammed Abbas, who was elevated to President and Chief Operating Officer in January 2026 after a decade of senior leadership roles within the company’s Middle East and Asia-Pacific divisions, and Monica Vicente, the Senior Vice President and Chief Financial Officer. The board of directors features seasoned professionals such as Lead Independent Director Michael Berthelot and Charles Beard, Jr., while the Abu-Ghazaleh family remains the most significant shareholder, controlling over 45% of the voting power. Major institutional backing is provided by BlackRock, Inc. and The Vanguard Group, which collectively hold approximately 22% of the company's equity, ensuring a stable capital structure for strategic expansions, such as the early 2026 acquisition of Del Monte Foods' core assets.