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Chiquita Brands announced the appointment of Rick Frier as the company's senior vice president and chief financial officer. Mr. Frier will be responsible for all aspects of the company's financial operations worldwide. He will assume his new position immediately upon the filing of the company's first quarter financial report and will serve as senior vice president, finance, until that time. He succeeds Brian W. Kocher, who, as previously announced, will become chief operating officer for Chiquita.

"Rick has a strong finance and operational background, and a proven track record of success across a variety of industries," Ed Lonergan, Chiquita's president and chief executive officer, said in a press release. "His experience in leading organizations through turnaround situations and his demonstrated leadership skills are well suited to help Chiquita implement its refocused strategic direction. We are pleased to welcome him to Chiquita."

"I'm delighted to join the Chiquita team," Mr. Frier said in the press release. "It's a fantastic brand with a great team and tremendous potential. I am excited about adding my skills and expertise to help Chiquita execute its strategic vision and grow shareholder value."

Mr. Frier comes to Chiquita with 30 years of experience in finance and operational roles. Prior to joining Chiquita, he served as director, executive vice president and chief financial officer of Catalina Marketing Corp., a global leader in consumer precision marketing. Before joining Catalina, he served as director, chief financial officer and chief operating officer of Mattress Discounters Inc., a Bain Capital portfolio company, where he played a key leadership role in that company's financial and operational turnaround.

Mr. Frier graduated cum laude from the University of Southern California with a bachelor's degree in business administration. He earned his MBA from Claremont Graduate University.