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Westlake Village, California - February 04, 2004
Dole Food Company, Inc. today announced that its Chairman of the Board and Chief Executive Officer, David H. Murdock, has assumed the duties as Dole's President and Chief Operating Officer.
Dole also announced the decision by Lawrence A. Kern to take early retirement to pursue other interests. Mr. Murdock commented that "Larry Kern has been a real contributor to Dole since joining the Company. We wish him the very best of good fortune."
Mr. Murdock commented: "Since taking Dole private in March 2003, I have intensified the Company's strategic focus on nutrition and healthy eating, with the goal of Dole becoming No. 1 in the world in growing and marketing nutritious and healthy food and in nutrition and healthy-eating education. This intensified strategic focus will benefit our customers and consumers, and is expected to lead to greater growth and profitability for Dole. Our excellent management team will continue to cut costs as we concentrate on growing Dole's businesses throughout the world."
Dole Food Company, Inc., with 2002 revenues of $4.4 billion, is the world's largest producer and marketer of high-quality fresh fruit, fresh vegetables and fresh-cut flowers, markets a growing line of packaged foods and is a produce industry leader in nutrition education and research.
This release contains "forward-looking statements," within the meaning of the Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Forward looking statements, which are based on management's current expectations, are generally identifiable by the use of terms such as "may," "will," "expects," "believes," "intends" and similar expressions. The potential risks and uncertainties that could cause actual results to differ materially from those expressed or implied herein include weather-related phenomena; market responses to industry volume pressures; product and raw materials supplies and pricing; electrical power supply and pricing; changes in interest and currency exchange rates; economic crises and security risks in developing countries; international conflict; and quotas, tariffs and other governmental actions. Further information on the factors that could affect Dole's financial results is included in its SEC filings, including its Annual Report on Form 10-K.
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