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Article: Chiquita outlines policy on financial transparency in open letter to investors.
- Article from:
- PR Newswire
- Article date:
- January 7, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Cincinnati -- Cincinnati, January 7 /PRNewswire/ -- - Company Provides Update on Progress against Goals and Fourth Quarter Developments
Chiquita Brands International, Inc., today outlined the company's new policy on financial transparency and guidance in a letter to investors from Chairman and Chief Executive Officer Cyrus F. Freidheim, Jr. The letter also summarizes the company's progress in achieving its stated goals and provides information on various fourth quarter 2002 operational items. Full text of the letter is reproduced below:
Dear Investor:
When Chiquita Brands International emerged from its Chapter 11 financial reorganization on ...