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The banana as we know it is in trouble. Emerging reports suggest the fruit’s deadliest disease has been spotted in Peru and Venezuela, two of the world’s largest exporters of bananas. Following Colombia’s confirmed infections in 2019, it appears the disease is spreading through Latin America, and biosecurity measures meant to contain the pathogen have been unsuccessful. Much in the way the world was caught off guard by the COVID-19 pandemic, the banana industry is ill-prepared for what is poised to be a catastrophic wipeout of commercial bananas. Hope rests heavily on a newly developed genetically modified banana variety, which promises to save our banana from commercial extinction, but it may not be that simple.
Del Monte adds to board of directors, touts diversity
May 06 , 2021
Fresh Del Monte Produce has announced the election of two additional members to its Board of Directors, Lori Tauber Marcus and Kristin Colber-Baker.
Lori and Kristin join fellow independent board member, Mary Ann Cloyd, an Independent Director serving as chair of the Audit Committee and member of the Governance Committee.
With the new additions, women now make up 38% of the Fresh Del Monte Produce Board of Directors, holding three of the eight board seats. Del Monte said that in comparison, women hold approximately 23% of company board seats on the Russell 3000 Index, according to a 2020 Harvard Women on Boards Gender Diversity Index.
Operator
Good day, everyone, and welcome to the Fresh Del Monte Produce first-quarter 2021 earnings conference call. Today s conference call is being broadcast live over the Internet and is also being recorded for playback purposes. [Operator instructions] For opening remarks and introductions, I would like to turn today s call over to the vice president, investor relations with Fresh Del Monte Produce, Christine Cannella. Please go ahead, Ms.
Cannella.
Vice President, Investor Relations
Thank you, Tekila. Good morning, everyone, and thank you for joining our first-quarter 2021 conference call. As Tekilamentioned, I m Christine Cannella, vice president, investor relations with Fresh Del Monte Produce. Joining me in today s discussion are Mohammad Abu-Ghazaleh, chairman and chief executive officer; and Eduardo Bezerra, senior vice president and chief financial officer.