Chiquita Brands International Promotes Michael Sims to CFO

Chiquita Brands International has promoted Michael Sims to the position of senior vice president and chief financial officer (CFO). Sims, the company’s current vice president of corporate development and treasurer, will be responsible for all aspects of the company’s financial operations worldwide. Jeffrey Zalla, Chiquita’s current senior vice president and chief financial officer, will be leaving the company and pursuing a new business venture.

Sims is a 21-year veteran of Chiquita, having worked previously in financial reporting, strategic analysis, investor relations, corporate planning, and serving for seven years as CFO of European operations delivering excellent results. Subsequently, Sims led Chiquita’s corporate development for the past two years, the execution of the company’s ship sale in 2007 and the sale of Atlanta in 2008. He has also served as the company’s treasurer, playing a key role in the company’s successful refinancing last year. Prior to joining Chiquita, Sims worked for more than seven years with the accounting firm of Ernst & Young in Chicago and is a certified public accountant.

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