82. Mohammed Abu Ghazaleh
Chairman And CEO, Fresh Del Monte Produce
Origin: PalestinE
Residence: US
Sector: FMCG
2023 Rank: 77
Mohammad Abu-Ghazaleh has served as chairman and CEO of Fresh Del Monte Produce since 1996. Spearheading a turnaround in the performance of the company, Abu-Ghazaleh was instrumental in cementing the company’s role as one of the world’s preeminent fresh, fresh-cut and prepared fruit and vegetables producers and distributors.
Fresh del Monte recorded an increase in gross profit margin to 8.1 per cent for FY 2023, from 7.7 per cent in the previous year, despite a decrease in net sales.
It continued to reduce its long-term debt to $400m, a significant decrease from the previous year’s $539.8m.
The multinational FMCG brand has focused on reducing its carbon footprint and 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, by the year 2025.
