Fresh Del Monte (NYSE: FDP) elevates Abbas to president and COO
Rhea-AI Filing Summary
Fresh Del Monte Produce Inc. is promoting Mohammed Abbas to President and Chief Operating Officer effective January 1, 2026. Abbas, age 49, has been Executive Vice President and Chief Operating Officer since February 2022 and previously led the company’s Asia Pacific, Middle East, and North Africa regions in senior roles.
With the promotion, his base salary rises from $850,000 to $1,000,000. His target bonus under the Senior Executive Annual Incentive Plan increases from 60% to 65% of base salary, and his cash target under the Long-Term Incentive Plan increases from 35% to 50% of base salary. His target equity award opportunity remains at 100% of base salary. The company states there are no special arrangements, family relationships, or related-party transactions connected to this appointment.
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FAQ
What leadership change did Fresh Del Monte Produce Inc. (FDP) disclose?
Fresh Del Monte Produce Inc. appointed Mohammed Abbas as its President and Chief Operating Officer effective January 1, 2026.
What is Mohammed Abbas’s new compensation as President and COO of Fresh Del Monte (FDP)?
His base salary increases to $1,000,000, his target bonus under the Senior Executive Annual Incentive Plan rises to 65% of base salary, and his cash target under the Long-Term Incentive Plan rises to 50% of base salary. His target equity award opportunity remains at 100% of base salary.
What was Mohammed Abbas’s role at Fresh Del Monte before becoming President and COO?
Before this promotion, Mohammed Abbas served as Executive Vice President and Chief Operating Officer since February 2022. Earlier, he held senior roles overseeing the Asia Pacific, Middle East, and North Africa regions.
Does Mohammed Abbas have any related-party relationships at Fresh Del Monte Produce Inc.?
The company states there are no arrangements or understandings with other persons related to his appointment, no family relationships with any director or executive officer, and no material interests in transactions requiring disclosure under Item 404(a) of Regulation S-K.
Did Fresh Del Monte change Mohammed Abbas’s equity award opportunity with this promotion?
No. The company states that Mr. Abbas’s target equity award opportunity remains at 100% of his base salary.
When does the new role for Mohammed Abbas at Fresh Del Monte (FDP) take effect?
The appointment of Mohammed Abbas as President and Chief Operating Officer is effective January 1, 2026.