Former Chiquita CEO Aguirre to get nearly $5 million severance - WBTV 3 News, Weather, Sports, and Traffic for Charlotte, NC

Former Chiquita CEO Aguirre to get nearly $5 million severance

Posted: Updated:
CHARLOTTE, NC (WBTV) -

Documents filed with the U.S. Securities and Exchange Commission show that former Chiquita CEO Fernando Aguirre will stay on as a consultant for the company.

The filing says "Aguirre will serve as a special advisor, providing support on litigation and strategic matters and will receive a monthly consulting fee during such period of $40,000 and will remain eligible to continue to vest in previously granted restricted stock unit awards with respect to 134,221 Company shares."

Chiquita named new CEO Ed Lonergan just two days ago.

The filing goes on to say that Aguirre will receive a severance pay of $4.7 million over the next 24 months.

Chiquita will also pay Aguirre's legal fees up to $50,000.

Copyright 2012 WBTV. All rights reserved.

Powered by WorldNow