Limoneira Names Mark Palamountain CFO, Succeeding Joe Rumley, Effective Jan. 8

(RTTNews) - Limoneira Co. (LMNR), an agribusiness, announced Tuesday that it will name Mark Palamountain as its new Chief Financial Officer, Treasurer and Corporate Secretary, effective January 8.

Palamountain will replace Limoneira's Chief Financial Officer, Joe Rumley, who announced his decision to pursue other opportunities on September 26 after serving in this role since 2010.

Palamountain most recently served as Limoneira's Senior Director of Agriculture Operations and has been with the Company since 2012.

The company noted that the new CFO has been instrumental in building and managing acquisition activities and successfully acquired over 3,000 new acres, created and implemented Limoneira's "Net Zero" renewable energy portfolio expansion, managing capital growth strategies and acreage redevelopment activities, and worked directly with all investor relations activities.

Prior to joining Limoneira, Palamountain was CEO and Founder of Perpetual Power LLC, a solar integration company specializing in finance and product technology. From 2003 to 2008, he served as a Managing Director, Head of Nasdaq trading for Broadpoint Securities.

Between 2001 and 2003, Palamountain was Principal at Thomas Weisel Partners and from 1997 to 2001, he was a trader at JPMorgan Chase.

Palamountain said, "I look forward to leveraging my capital markets and operational experience to continue building upon Limoneira's strong heritage in the citrus industry. Over the past number of years our team has put the elements in place to significantly grow our agribusiness operations in the coming years following a series of investments in new orchards and infrastructure."