Alico Appoints Chief Financial Officer

Jim Rogers Industry News Release

Alico, Inc. announced the appointment of Perry G. Del Vecchio as chief financial officer effective Sept. 6. He is responsible for all corporate finance, treasury and accounting functions of the company and reports directly to President and Chief Executive Officer John Kiernan.

Alico

“Perry’s background as a senior finance leader for a $6 billion division of a Fortune 500 company, combined with his broad financial and business experience, will leverage our efforts of increasing shareholder value,” Kiernan said. “In the previous organizations he has served, he has proven to be a capable strategic partner to his fellow senior executives and has effectively used collaborative efforts in leading teams and departments. I will be counting on Perry’s expertise in providing financial analysis, modeling and decision support to help Alico maintain our leadership position within the Florida citrus industry. During his distinguished career, he has spent 25 years working in the Northeast and the past eight years here in Florida.”

Del Vecchio most recently served as a vice president and the controller for Lexyl Travel Technologies in West Palm Beach, Florida. He spent the majority of his career in financial management positions within the Hertz organization. He earned his MBA degree from Montclair State University and CPA credentials while an auditor with Deloitte & Touche.

Alico, Inc. primarily operates two divisions: Alico Citrus, one of the nation’s largest citrus producers, and Land Management and Other Operations, which include land leasing and related support operations.

In August, Kiernan pointed out that the company had less orange crop decline than Florida as a whole in the 2021–22 season. He noted that while the U.S. Department of Agriculture reported that the Florida crop declined 22.7% from the prior season, Alico’s decline was only 12.9%. Read how the company achieved the lower rate of decline.

Source: Alico, Inc.

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