Gulf Business

Mohammad Abu Ghazaleh

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Chairman and CEO, Fresh Del Monte

Fresh Del Monte announced that its gross profit for 2021 was $303.8m compared to $250.9m in 2020. Pandemicre­lated challenges impacted the company’s numbers, with net sales for 2020 at $4.2bn, down from $4.5bn in 2019. Negotiatin­g these challenges, however, has been the forte of Mohammed Abu Ghazaleh, who purchased Fresh Del Monte in 1996. He transforme­d a company reeling under $300m of debt into a global brand that produces, markets and distribute­s fresh and fresh-cut fruit and vegetables, prepared fruit and vegetables, beverages and snacks across the world. Sustainabi­lity is a key part of the company’s ethos and operations. By 2025, Fresh Del Monte aims to plant and donate 2.5 million trees and have 100 per cent of its protected areas globally monitored on an annual basis through species inventorie­s.

 ?? ?? Origin: Palestine-US Residence: US Sector: FMCG 2021 rank: 80
Origin: Palestine-US Residence: US Sector: FMCG 2021 rank: 80

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