Bonnie C. Lind
Mission ProduceAbout Bonnie C. Lind
Independent Class III director at Mission Produce (AVO) since 2020; age 66 as of the 2025 proxy, with current term expiring at the 2026 annual meeting . Retired public-company CFO (Neenah, Inc. 2004–2020) with earlier finance/operations roles at Kimberly-Clark (1982–2004) . Serves as Audit Committee Chair and designated “audit committee financial expert” at AVO; previously served on the Nominating & Corporate Governance Committee . Holds a BBA in Finance with honors from the University of Georgia .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Neenah, Inc. (NYSE: NP) | SVP, CFO & Treasurer | Jun 2004–May 2020 | Led public-company finance; board-ready financial expertise |
| Kimberly-Clark (NYSE: KMB) | Senior finance and operations roles | 1982–2004 | Broad operating and financial leadership across global CPG |
External Roles
| Organization | Role | Since | Committees/Role |
|---|---|---|---|
| Hubbell Incorporated (NYSE: HUBB) | Director | Jan 2019 | Audit Committee Chair; Nominating & Corporate Governance member |
| Albany International (NYSE: AIN) | Director | Feb 2024 | Audit Committee member |
| Tamarack Holdings LLC (private) | Director | Jan 2022 | Audit Committee Chair |
| U.S. Silica (NYSE: SLCA) | Former Director | 2019–2021 | Audit; Nominating & Corporate Governance |
| Federal Signal (NYSE: FSS) | Former Director | 2014–2018 | Audit; Nominating & Governance |
| Empire District Electric (NYSE: EDE) | Former Director | 2009–2017 | Audit; Chair, Nominating & Corporate Governance |
Board Governance
| Attribute | Detail |
|---|---|
| Independence | Independent; Board is 75% independent |
| AVO Committees | Audit Committee Chair; financial expert . Previously on Nominating & Corporate Governance (member until Mar 2024) |
| Board/Committee Meetings | Board met 5 times in FY2024; all directors attended ≥75% of Board and applicable committees |
| Committee Meeting Counts | Audit: 4 meetings ; Compensation: 4 ; Nominating & Corporate Governance: 4 |
| Term & Class | Class III; term ends at 2026 annual meeting |
| Governance Practices | Separate Chair/CEO; 100% independent Board committees; regular executive sessions |
Fixed Compensation
| Component | Policy / Actual | Amount |
|---|---|---|
| Board Cash Retainer | Policy | $60,000 per year |
| Committee Chair Retainer | Policy (Audit) | $15,000 per year (paid only if attending that quarter’s meeting) |
| Committee Member Retainer | Policy (Audit/Comp/NomGov) | $7,500 / $5,000 / $5,000 per year (paid only if attending that quarter’s meeting) |
| FY2024 Cash Fees (Lind) | Actual | $76,250 |
Notes:
- Director retainers are paid quarterly in arrears and committee retainers are paid only if the director attends the meeting(s) for that calendar quarter .
Performance Compensation
| Equity Type | Grant Date | Shares / Fair Value | Vesting | Notes |
|---|---|---|---|---|
| RSUs (Annual) | Apr 11, 2024 | 8,475 RSUs; $97,208 grant-date fair value | Vest in full on earlier of one-year anniversary or next annual meeting; change-in-control full vesting | Annual RSU program is ~$100,000 value policy; directors may elect deferral |
- No director PSUs/options; equity for non-employee directors is time-based RSUs (not performance-conditioned) .
- Nonqualified Deferred Compensation Plan allows deferral of director equity awards; distributions per elected schedules; unfunded plan subject to creditor risk .
Other Directorships & Interlocks
| Potential Interlock / Related Party | Disclosure |
|---|---|
| Business dealings with AVO customers/suppliers | No related-party transactions disclosed for Lind; RPTs involve Barnard, Gonzalez, Bershad, not Lind |
| Consultant conflicts | Compensation Committee’s consultant (Pearl Meyer) assessed independent; no conflicts |
Expertise & Qualifications
- CFO experience, financial acumen, and designation as audit committee financial expert .
- Board matrix indicates strengths in Prior Board Experience, Senior Leadership, International, Legal/Corporate Governance, Operations, Finance/Tax, and Commercial/Marketing .
- BBA (Finance) with honors, University of Georgia .
Equity Ownership
| Holder | Total Beneficial Ownership | % of Shares Outstanding | Breakdown |
|---|---|---|---|
| Bonnie C. Lind | 43,427 | <1% (outstanding 71,071,752) | 34,952 direct; 8,475 RSUs vesting within 60 days of Feb 11, 2025; excludes 13,152 vested RSUs deferred |
Ownership alignment and safeguards:
- Director stock ownership guideline: 5× annual cash retainer ($300,000) for non-employee directors; compliance expected within 5 years; as of Oct 31, 2024 all non-employee directors met guidelines except Mr. Sarsam (appointed Aug 2023), implying Lind meets/exceeds .
- Hedging and short sales prohibited for directors under Insider Trading Policy .
- No pledging disclosed for Lind; pledging footnotes apply to Barnard trusts, not Lind .
Governance Assessment
- Strengths: Independent Audit Chair and SEC-defined financial expert; active audit oversight (4 meetings in FY2024); prior service on Nominating & Corporate Governance enhances board refreshment and ESG oversight . High shareholder support on 2024 Say-on-Pay (97.34%), indicating investor confidence in compensation governance . Robust director ownership guidelines with Lind in compliance; hedging prohibited .
- Compensation alignment: Director pay balanced between cash ($76,250 FY2024) and equity RSUs (~$100,000 policy; $97,208 actual fair value), with attendance gating for committee fees reinforcing engagement .
- Conflicts/Red flags: No related-party transactions or pledging disclosed for Lind; all directors met ≥75% attendance in FY2024; board structure includes independent Chair and executive sessions .
Overall signal: Lind’s role as independent Audit Chair and seasoned public-company CFO supports board effectiveness in financial oversight, with clean conflict profile and strong ownership alignment, contributing positively to investor confidence .