SANTA PAULA, CA - Leadership changes are afoot. Limoneira Company announced the retirement of Elizabeth Blanchard Chess from its Board of Directors effective January 1, 2024. She will be replaced by Peter Nolan, who will also serve as a member of the Board’s Audit and Finance Committee and Risk Management Committee.

“I am excited to be joining the Board of Limoneira as it enters this phase of exploring ways to unlock additional value for stockholders,” stated Nolan in a press release.

Following the appointment of Nolan, the board will be comprised of seven directors, six of whom are independent.

Scott S. Slater, Limoneira Chairperson of the Board, commented on the move.

“We thank Betsy for her insight and guidance during her seven years as a member of the board and are very pleased that she will continue to serve our company as a consultant in important community outreach efforts,” Slater noted. “Betsy has extensive experience and knowledge of the Santa Paula and Ventura County communities and will serve as a community relations and corporate communication consultant, managing certain philanthropic efforts for Limoneira and representing the company at civic, media, and other community events."

Slater continued, stating "We are pleased to welcome Peter and believe he will be a valuable asset in guiding the company as we continue to execute against our strategic roadmap to enhance near and long-term value and commence the exploration of potential strategic alternatives aimed at maximizing value for our stockholders.”

Nolan currently serves as the Chairman of Nolan Capital, which he founded in 2014 as the holding company for his family office to make long-term investments in growth-oriented companies. He has extensive experience in finance and legal; to see more of his qualifications, click here.

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Limoneira Company