Mission Produce Names Pawlowski Next CEO After Record FY2025, Signals Cash-Flow Pivot

Management guides to roughly $40 million in 2026 capital spending with higher supply expected to pressure pricing.

Overview

Founder Steve Barnard will become Executive Chairman as President and COO John Pawlowski is set to take over as CEO at the close of the April 2026 annual meeting.
Board refresh advanced in 2025 with three new independent directors and the appointment of Linda Segre as Lead Independent Director, with Chair Stephen Beebe retiring and Bonnie Lind not standing for re‑election in 2026.
Fiscal 2025 delivered record revenue of $1.39 billion, record fourth‑quarter adjusted EBITDA, and adjusted net income of $22.2 million for the quarter, or $0.31 per diluted share.
Avocado volumes rose 7% to a record 691 million pounds, driven by a sharp recovery in Peru where exportable production more than doubled to about 105 million pounds, alongside strong international gains including over 60% UK revenue growth and roughly 40% higher European volumes.
Operating cash flow reached $88.6 million for the year with long‑term debt reduced by about $18 million, and the company expects 2026 industry volumes to rise roughly 10% with average prices about 25% lower as CapEx steps down to approximately $40 million.