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Friday, July 10, 2020
Fri, Jul 10th, 2020
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David Murdock
Chairman
Dole Food Co. Inc.
THE LATEST: Murdock's Castle & Cooke Inc. in January sold a majority stake in FlexiVan Leasing, the third-largest chassis leasing company in the United States, to I Squared Capital, a Miami-based infrastructure investment firm with about $2.2 billion of equity under management.
BACKGROUND: Murdock is chairman of Dole Food Co., a giant producer and marketer of fresh fruit, vegetables and fresh-cut flowers. He amassed his early wealth developing real estate and reinvesting the profits in various companies in the 1960s. He got involved in Dole in 1985, serving as the company&s chief executive until 2017. Irish company Total Produce bought a 45% stake in Dole in 2018 for $300 million.
YEARS ON THE LA500: 5
Return to the 2020 edition of the LA500.
