BNET Industries
Last Fiscal Year Sales:$5.8B
- Private
- US
Dow Jones Description
We are the worlds leading producer, marketer and distributor of fresh fruit and fresh vegetables, including an expanding line of value-added products. In the primary markets we serve, we hold the number 1 or number 2 market share position in our key product categories, including bananas, packaged salads and packaged fruit. For the last twelve months ended June 20, 2009, we had revenues of approximately $7.2 billion, Adjusted EBITDA of approximately $445 million and net income attributable to Dole Food Company, Inc. of approximately $92 million. See Summary Unaudited Pro Forma and Historical Consolidated Financial Data. We provide wholesale, retail and institutional customers around the world with high quality food products that bear the DOLE ® trademarks. We believe the DOLE trademarks and our products have global appeal as they offer value and convenience, while also benefiting from the growing focus on health and wellness among consumers worldwide. Founded in 1851, we have built a fully-integrated operating platform that allows us to source, grow, process, market and distribute our nearly 200 products in more than 90 countries. We source our products worldwide both directly on Dole-owned or leased land and through associated producer and independent grower arrangements under which we provide varying degrees of farming, harvesting, packing, shipping and marketing services. ...
President & CEO
David A. DelorenzoNumber of Employees 36,000
Contact Information
1 Dole Dr
PO Box 5132
Westlake Village, California 91362-7300
(818) 879-6600
Peer Companies
NAICS Code Fresh Fruit and Vegetable Merchant Wholesalers: 424480
Recent Events
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Top Stories - Lawsuits against Dole by Ivory Coast Plaintiffs dismissed
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Dole sees stronger earnings for third quarter
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Dole's first day goes sour
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UPDATED: Dole stock sells at lower prices
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The Kill Step: Dole Lost Trials in Two Countries But Its GC Smelled Fraud
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Fitch Upgrades Dole's IDR to 'B-'; Rates New Notes 'B-/RR4'; Watch Positive
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Dole plans private offering of $310M senior notes
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Cash crunch triggered Dole stock plan, SEC filings show
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Heavily leveraged Dole hopes stock sale bears fruit
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UPDATED: IPO could increase performance pressure for Dole
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Dole Food IPO would satisfy company's hunger for cash
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David Murdock's Dole Food files IPO plans
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Manila's San Miguel eyeing Dole's Asian business
News & Analysis
Filter by
dole food company inc. - All News and Analysis
Dole Standard Fruit Company of Costa Rica Honored with Prestigious Industry Excellence Award
WESTLAKE VILLAGE, Calif. -- Dole Food Company announced today that for the second time in its history, Dole Standard Fruit Company de Costa Rica S.A. has been presented the "2007 Overall Excellence Award" bestowed by the Costa Rican Industry Association. This is the most prestigious honor that a company can...
Dole Food Company and Robeks Fruit Smoothies Announce Grand Prize Winners of the American Wellness Challenge
Robeks Fruit Smoothies and Healthy Eats, a premium smoothie franchisor, and Dole Food Company, a leading supplier of quality packaged and frozen fruit products for foodservice, announce the grand prize winners of the first American Wellness Challenge to help families strengthen their commitment to wellness. DOLE and Robeks entered into...
Fitch: Dole's Operating Earnings Improve, Liquidity a Concern
FOOD AND BEVERAGE CLOSE-UP-12 May 2008-Fitch: Dole's Operating Earnings Improve, Liquidity a ConcernC2008 - CloseUpMedia - newsdesk@closeupmedia.com Fitch currently has an Issuer Default Rating IDR of 'B-' with a Negative Outlook on Dole. In a release, Fitch noted: - On May 5, Dole Food Company Dole reported...
Fitch: Dole's Operating Earnings Improve but Liquidity Remains a Concern
CHICAGO -- On May 5, 2008, Dole Food Company, Inc. Dole reported earnings for the first quarter ended Mar. 22, 2008. As anticipated, the company's revenue and operating income continues to benefit from improved pricing in its worldwide banana operations but higher operating costs, including fuel and EU banana tariffs,...
Jamba Juice and Dole Join Forces to Launch Jambafruit.com
Partnership Underscores the Simplicity of Healthy Living EMERYVILLE, Calif. -- Jamba Juice, the leading blender of fruit and other naturally healthy ingredients, has partnered with the Dole Food Company, the world's largest producer and marketer of high-quality fresh fruit, fresh vegetables, and a growing line of packaged and frozen...
Dole Fresh Vegetables Reconfirms its Commitment to the CHEP Equipment Pooling System
Produce Leader Continues to Recognize the Commercial and Environmental Benefits of CHEP Pooled Pallets ORLANDO, Fla. -- Dole Fresh Vegetables, a division of Dole Food Company, announced today that it will continue to use CHEP pallets for the majority of its product shipments from all of its facilities to...
Dole Food Company
[ILLUSTRATION OMITTED] Through June 30, 2008, Dole is offering foodservice operators attractive incentives, including a free case with an order of at least two cases of Dole products. For more information call (800) 723-9868 or visit online at www.dolefoodservice.com.
Dole Nutrition News Wins Web Marketing Association's Outstanding Achievement Award
WESTLAKE VILLAGE, Calif. -- Dole Food Company, Inc. announced today that the Web Marketing Association WMA awarded the Dole Nutrition News DNN their International Advertising Competition Award for Outstanding Achievement in Internet Advertising - Best Food Industry On-line Newsletter Award. For two decades, the WMA has been setting standards...
Dole Food Company, Inc. Announces Earth Day Agreement to Offset Carbon Emissions from Transport of Bananas and Pineapples in Costa Rica
WESTLAKE VILLAGE, Calif. -- Dole Food Company, Inc. announced today that its operating division in Costa Rica, Standard Fruit Company de Costa Rica S.A., will purchase carbon offsets from the Costa Rican Government's program in amounts equal to the carbon dioxide emissions generated by the inland transport of Dole produced...
Dole Food Company and its Partners Inaugurate Elementary School in Ecuador
GUAYAQUIL, Ecuador -- Dole Food Company, Inc. announced today that the Rio Viejo Community, in the Guayas Province of Ecuador, celebrated the inauguration of the brand new 'Ecuador Pais Amazonico' elementary school. Construction of the school began in September 2007 and is the result of a partnership between the Dole...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| David A. Delorenzo | President & CEO |
| Eric M. Schwartz | President, Dole Worldwide Fresh Vegetables |
| James Prideaux | President, Operating Division, Asia |
| Michael J. Cavallero | President, Dole North America |
| Peter M. Nolan | President, Dole Worldwide Packaged Foods |
| Richard A. Harrah | President, Operating Division, Latin America |
| William F. Feeney | President, Operating Division, Europe |
| Joseph S. Tesoriero | Chief Financial Officer |
| Roberta Wieman | Chief of Staff |
| Yoon J. Hugh | Chief Accounting Officer |
| C. Michael Carter | Executive Vice President |
| Scott A. Griswold | Executive Vice President, Corporate Development |
| Brad C. Bartlett | Senior Vice President, Sales & Marketing |
| Danko Stambuk | Senior Vice President, Manufacturing |
| Justin M Murdock | Senior Vice President of Investments |
| Sue Hagen | Senior Vice President, Human Resources |
| Beth Potillo | Vice President |
| Betta Gallego | Vice President, Marketing, Packaged Foods |
| Chris Lock | Vice President, Sales & Marketing, Foodservice |
| Dave Spare | Vice President, Marketing, Dole Packaged Foods |
| Javier H. Idrovo | Vice President of Strategy |
| Jeffrey B. Conner | Vice President |
| Jennifer Grossman | Vice President |
| Jonathan Y. Bass | Vice President |
| Rick Huber | Vice President |
| Rick Utchell | Vice President, Advertising Promo & Indus Relations |
| Sylvain Cuperlier | Vice President & Director, Corp Social Responsibility |
| Thomas Farewell | Vice President, Worldwide Applied Res |
| David H. Murdock | Owner |
| Donna Skidmore | Director, Consumer Services |
| Freya Maneki | Director, Corp Communications |
| Robert Devers | Global Director of Application and Data Architecture |
| Amanda Patterson | |
| Celeste Frisbee | |
| John Heidkamp | |
| Andrew J. Conrad | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Peter Gilmore | Vice President, Eastern Seaboard Sourcing |
| Edward C. Roohan | Board of Directors |
| Richard M. Ferry | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Dole Food Company, Inc. | President & CEO | Current |
| Dole Food Company, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Dole Food Company, Inc. | President, Dole Worldwide Fresh Vegetables | Current |
| Organization | Position | Status |
|---|---|---|
| Dole Food Company, Inc. | President, Operating Division, Asia | Current |
| Organization | Position | Status |
|---|---|---|
| Dole Food Company, Inc. | President, Dole North America | Current |
| Organization | Position | Status |
|---|---|---|
| Dole Food Company, Inc. | President, Dole Worldwide Packaged Foods | Current |
| Organization | Position | Status |
|---|---|---|
| Dole Food Company, Inc. | President, Operating Division, Latin America | Current |
| Organization | Position | Status |
|---|---|---|
| Dole Food Company, Inc. | President, Operating Division, Europe | Current |
| Organization | Position | Status |
|---|---|---|
| Dole Food Company, Inc. | Chief Financial Officer | Current |
| Dole Food Company, Inc. | Board of Directors | Current |
| Global Crossing Ltd. | Senior Vice President, Tax | Former |
| Dole Food Company, Inc. | Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| Dole Food Company, Inc. | Chief of Staff | Current |
| Castle & Cooke, Inc. | Executive Vice President of Administration | Current |
| Flexi-Van Leasing, Inc. | Vice President | Current |
| Dole Food Company, Inc. | Director | Current |
| Flexi-Van Leasing, Inc. | Director | Current |
| Castle & Cooke, Inc. | Board of Directors | Current |
| Dole Food Company, Inc. | Vice President | Former |
| Castle & Cooke, Inc. | Vice President | Former |
| Castle & Cooke, Inc. | Corporate Secretary | Former |
| Dole Food Company, Inc. | Executive Assistant | Former |
| Organization | Position | Status |
|---|---|---|
| Dole Food Company, Inc. | Chief Accounting Officer | Current |
| Dole Food Company, Inc. | Board of Directors | Current |
| Dole Food Company, Inc. | Vice President | Former |
| Dole Food Company, Inc. | Controller | Former |
| Organization | Position | Status |
|---|---|---|
| Dole Food Company, Inc. | Executive Vice President | Current |
| Dole Food Company, Inc. | Director | Current |
| The Pinkertons.Com | Executive Vice President | Former |
| The Pinkertons.Com | General Counsel | Former |
| Dole Food Company, Inc. | General Counsel | Former |
| Concurrent Computer Corporation | N, A | Former |
| The Singer Company | N, A | Former |
| Organization | Position | Status |
|---|---|---|
| Dole Food Company, Inc. | Executive Vice President, Corporate Development | Current |
| Dole Food Company, Inc. | Director | Current |
| Castle & Cooke, Inc. | Executive Vice President, Finance | Former |
| Organization | Position | Status |
|---|---|---|
| Dole Food Company, Inc. | Senior Vice President, Sales & Marketing | Current |
| Organization | Position | Status |
|---|---|---|
| Dole Food Company, Inc. | Senior Vice President, Manufacturing | Current |
Justin M. Murdock is chief executive officer and executive chairman of the board of NovaRx. He is also senior vice president of investments for both Castle & Cooke and the Dole Food Company. He serves on the executive boards of both companies, as well as their audit and finance committees.
| Organization | Position | Status |
|---|---|---|
| Novarx Corporation | Chief Executive Officer | Current |
| Dole Food Company, Inc. | Senior Vice President of Investments | Current |
| Castle & Cooke, Inc. | Senior Vice President of Investments | Current |
| Novarx Corporation | Executive Chairman of The Board | Current |
| Dole Food Company, Inc. | Director | Current |
| Castle & Cooke, Inc. | Vice President of Investments | Former |
| Dole Food Company, Inc. | Vice President, New Products and Corporate Development | Former |
| Organization | Position | Status |
|---|---|---|
| Dole Food Company, Inc. | Senior Vice President, Human Resources | Current |
| Organization | Position | Status |
|---|---|---|
| Dole Food Company, Inc. | Vice President | Current |
| Dole Food Company, Inc. | Treasurer | Current |
| Organization | Position | Status |
|---|---|---|
| Dole Food Company, Inc. | Vice President, Marketing, Packaged Foods | Current |
| Organization | Position | Status |
|---|---|---|
| Dole Food Company, Inc. | Vice President, Sales & Marketing, Foodservice | Current |
| Organization | Position | Status |
|---|---|---|
| Dole Food Company, Inc. | Vice President, Marketing, Dole Packaged Foods | Current |
| Organization | Position | Status |
|---|---|---|
| Dole Food Company, Inc. | Vice President of Strategy | Current |
| The Hershey Co. | Senior Vice President, Strategy & Business Development | Current |
| OCEAN SMART, INC. | Director | Current |
| Dole Food Company, Inc. | President | Former |
| Dole Packaged Foods | CFO | Former |
| Dole Packaged Foods | Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| Dole Food Company, Inc. | Vice President | Current |
| Dole Food Company, Inc. | Assistant Corporate Secretary | Former |
| Organization | Position | Status |
|---|---|---|
| Dole Food Company, Inc. | Vice President | Current |
| Dole Food Company, Inc. | Director, Dole Nutrition Institute | Former |
| Organization | Position | Status |
|---|---|---|
| Dole Food Company, Inc. | Vice President | Current |
| Dole Food Company, Inc. | General Manager, Dole Chile | Former |
| Organization | Position | Status |
|---|---|---|
| Dole Food Company, Inc. | Vice President, Eastern Seaboard Sourcing | Current |
| Organization | Position | Status |
|---|---|---|
| Dole Food Company, Inc. | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Dole Food Company, Inc. | Vice President, Advertising Promo & Indus Relations | Current |
| Organization | Position | Status |
|---|---|---|
| Dole Food Company, Inc. | Vice President & Director, Corp Social Responsibility | Current |
| Organization | Position | Status |
|---|---|---|
| Dole Food Company, Inc. | Vice President, Worldwide Applied Res | Current |
In addition to being Chief Executive Officer of Castle & Cooke Aviation, David H. Murdock is currently Chairman, CEO and owner of Dole Food Company, Inc., which is the world's largest producer and marketer of high-quality fresh fruits, vegetables and fresh-cut flowers and it markets a growing line of packaged foods. Dole, a Fortune 500 company, generates revenue of over $5 billion and employs 59,000 people in more than 90 countries around the world. Mr. Murdock is also owner and CEO of Castle & Cooke, Inc., and Murdock Realty, LLC which, with their affiliated companies, is a leading developer and owner of residential and commercial real estate in over 25 states, employing approximately 3,500 people. His companies own approximately 98% of the 88,000-acre private Hawaiian Island of Lana'i, which has two of the world's highest rated resorts, the Four Seasons Resort Lana'i at Manele Bay and The Lodge at Koele and adjacent golf courses. His companies also own the master planned communities of Lake Sherwood in Thousand Oaks, California; Mililani Town, Oahu, Hawaii; Keene's Pointe, Orlando, Florida; Pueblo del Sol, Sierra Vista, Arizona; Seven Oaks in Bakersfield, California and Alberhill Ranch in Lake Elsinore, California. Mr. Murdock owned companies are under construction on the first building of the North Carolina Research Campus in Kannapolis, North Carolina. When completed, this project is anticipated to include more than one million square feet of office and laboratory space, as well as retail and residential uses. Mr. Murdock has been active in business aviation since 1973 and in 2003 purchased, through his companies, the Bombardier Global Express for his extensive travels. Castle & Cooke Aviation and Dole Foods' Flight Department maintain and operate this aircraft. Additionally, Mr. Murdock has developed aircraft hangars and office structures at VNY since 1981. Also key in his private companies are Flexi-Van Leasing, Inc., Kenilworth, New Jersey, one of the nation's leading lessors of chassis; Pacific Clay Products, Inc. a vitrified brick company in Lake Elsinore, California and Lincoln, Nebraska; Castaic Clay Products, LLC, a vitrified brick company in Castaic, California; Pacific Aggregates, Inc., a sand, aggregate and concrete products company in Lake Elsinore, California and Rancho Ready Mix Products, L.P., a concrete products company in Colton and Beaumont, California. Mr. Murdock is active in the civic affairs in the communities in which he lives and works, supporting educational, medical and cultural programs. He organized the collaborative efforts of medical and nutrition experts at Mayo Clinic, University of California, Los Angeles and Dole Food Company, Inc. to write The Encyclopedia of Foods, A Guide to Healthy Nutrition. This 500-page book, published in 2002, is the definitive guide to a healthier lifestyle through improved nutrition, exercise and disease prevention. He is active in national, state and local politics. He resides principally in Southern California, with secondary homes in New York, Lana'i, Hawaii, and Kannapolis, North Carolina. His son, Justin Murdock, is active in the family businesses. Mr. Murdock's hobbies include reading, the arts, poetry, and horticulture. He is a breeder of more than 50 prized Arabian horses, has an orchid collection consisting of more than 16,500 plants, and is an avid art and antique furniture collector.
| Organization | Position | Status |
|---|---|---|
| Murdock Realty, Ltd. | Owner and CEO | Current |
| Castle & Cooke Aviation Services, Inc | Owner, Chairman and CEO of Parent Company Castle & Cooke, Inc | Current |
| Castle & Cooke, Inc. | Chief Executive Officer | Current |
| Flexi-Van Leasing, Inc. | Chief Executive Officer | Current |
| Dole Food Company, Inc. | Owner | Current |
| Sherwood Development Company | Developer | Current |
| Dole Food Company, Inc. | Chairman | Current |
| Flexi-Van Leasing, Inc. | Chairman of The Board | Current |
| Castle & Cooke, Inc. | Chairman of The Board | Current |
| Castle & Cooke, Inc. | Director | Current |
| Dole Food Company, Inc. | Board of Directors | Current |
| Dole Food Company, Inc. | CEO | Former |
| Castle & Cooke, Inc. | Developer | Former |
| University of California, Los Angeles | Former |
| Organization | Position | Status |
|---|---|---|
| Dole Food Company, Inc. | Director, Consumer Services | Current |
| Organization | Position | Status |
|---|---|---|
| Dole Food Company, Inc. | Director, Corp Communications | Current |
| Dole Food Company, Inc. | Director, Corp Communications & Shareholder Relations | Former |
Array
| Organization | Position | Status |
|---|---|---|
| Is Student Assoc. | Board of Directors | Current |
| United States Air Force Academy | B.S. Degrees In Mathematics | Former |
| Organization | Position | Status |
|---|---|---|
| Dole Food Company, Inc. | Current |
| Organization | Position | Status |
|---|---|---|
| Dole Food Company, Inc. | Current |
| Organization | Position | Status |
|---|---|---|
| Dole Food Company, Inc. | Current |
| Organization | Position | Status |
|---|---|---|
| Dole Food Company, Inc. | Director | Current |
Mr. Roohan is responsible for the day-to-day operations of the corporate headquarters of Castle & Cooke, Inc., Murdock Realty, LLC and their affiliated companies and is involved in all significant acquisitions, dispositions, financings, and senior personnel matters of the companies. Since being employed by David H. Murdock more than ten years ago, he has worked with numerous lending institutions and was responsible for raising over $3 billion in various financings. Castle & Cooke, Inc., Murdock Realty, LLC and their affiliated companies operate under the umbrella of "Castle & Cooke". The companies diversified businesses include the development and ownership of residential and commercial real estate, leasing of transportation equipment, manufacture of brick and clay products and ownership of public warehouses and aviation facilities. In addition to Mr. Roohan's other responsibilities, in 2003, Mr. Roohan was elected to the Board of Directors of Dole Food Company, Inc. He assisted Mr. Murdock in securing the privatization of the former publicly traded company. The privatization was valued at approximately $2.5 billion. Mr. Roohan began his career at Arthur Andersen in the Chicago and Los Angeles offices from 1985 until 1993. He was a senior manager in the audit and business advisory group specializing in the real estate and entertainment practice. He joined Castle & Cooke Homes, Inc. in 1993 as Vice President and Controller. Castle & Cooke Homes, Inc. was then a publicly traded homebuilding company that was 80% owned by Dole Food Company, Inc. Mr. Roohan graduated from the University of Notre Dame in 1985. He is a Certified Public Accountant in the state of California.
| Organization | Position | Status |
|---|---|---|
| Castle & Cooke Aviation Services, Inc | President & Chief Operating Officer | Current |
| Dole Food Company, Inc. | Board of Directors | Current |
| Novarx Corporation | Board of Directors | Current |
| Castle & Cooke, Inc. | President | Former |
| Castle & Cooke, Inc. | Chief Financial Officer | Former |
| Castle & Cooke, Inc. | Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| Dole Food Company, Inc. | Board of Directors | Current |
Executive News
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Heavily leveraged Dole hopes stock sale bears fruit
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Dole out to raise some green
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UPDATED: IPO could increase performance pressure for Dole
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Top Stories - UPDATED: IPO could increase performance pressure for Dole
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Rio Tinto Taking Care of To-Do List
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Murdock's earnings unveiled in filings to take Dole public
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As Bankers Push Firms to Pay Down Debt, Who Wins?
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Rising stars: 5 nearly great stocks
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Doubting the Move to Pay Down Debt
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Dole Files IPO, Will Be Public Again
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Dole Food $500 Million IPO to Repay Debt
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Dole Food IPO would satisfy company's hunger for cash
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David Murdock's Dole Food files IPO plans
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Fitch: Dole's Proposed IPO & Secured Notes Offering Viewed Positively
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Dole Food to go public in $500M IPO
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Dole Food going public again with $500-million stock offering
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Dole Food Company, Inc. Announces Commencement of Private $325 Million Debt Offering
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