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Business Observer Tuesday, Sep. 13, 2022 2 months ago

Citrus company names new top financial officer

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Perry Del Vecchio previously held financial management positions at Hertz, among other companies.

Citrus producer Alico has hired a longtime Hertz executive as its new CFO.

Fort Myers-based Alico appointed Perry Del Vecchio to the post, according to a statement. Del Vecchio will be responsible for all corporate finance, treasury and accounting functions of the company and will report directly to President and CEO John Kiernan.

Del Vecchio was most recently a vice president and for Lexyl Travel Technologies in West Palm Beach. He spent the majority of his career, 22 years, in financial management positions within the Hertz organization, moving with the company when it relocated its corporate headquarters from New Jersey to Lee County.

"We are very pleased to have Perry join Alico's senior leadership team as our CFO," Kiernan says in the statement. "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. 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.”

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. It had $108.56 million in revenue in 2021.

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