Respect for your privacy is our priority

The cookie is a small information file stored in your browser each time you visit our web page.

Cookies are useful because they record the history of your activity on our web page. Thus, when you return to the page, it identifies you and configures its content based on your browsing habits, your identity and your preferences.

You may accept cookies or refuse, block or delete cookies, at your convenience. To do this, you can choose from one of the options available on this window or even and if necessary, by configuring your browser.

If you refuse cookies, we can not guarantee the proper functioning of the various features of our web page.

For more information, please read the COOKIES INFORMATION section on our web page.


News

Campbell Soup announces new CEO

03/01/2019 - François-Xavier Branthôme
After a turbulent year, Campbell Soup has a new CEO.

 The company said on 20 December that Mark Clouse, who has held executive positions at Pinnacle Foods and Mondelez International, will take over as president and CEO of the soup company in late January. Clouse will replace interim CEO Keith McLoughlin, who filled the role after Denise Morrison abruptly abandoned her post as CEO in May.
McLoughlin will remain on as a board director, and Clouse will also take a seat on the board.

Campbell spent the fall locked in a fight for control of the company with Third Point, a hedge fund led by activist investor Daniel Loeb. Last month, the two sides finally reached an agreement by expanding the Campbell board from 12 to 14 members. The hedge fund was also given a say in selecting the new CEO.
With the proxy fight behind it and Clouse at the helm, Campbell can lean into its plan to turn the company around by bolstering its most popular brands, focusing on its core US business and divesting from its international line and Campbell.

Clouse has the support of Campbell Soup shareholder and hedge fund Third Point. He brings more than 20 years of experience in the food industry, holding senior management positions at leading companies: he served as the CEO of Pinnacle, which includes Duncan Hines, Smart Balance and other food brands, for two-and-a-half years. He was at the helm of the company when it was acquired by Conagra earlier this year. Before that, Clouse was chief growth officer at Mondelez. And prior to joining Mondelez, he spent 20 years at Kraft.

Sources : campbellsoupcompany.com, edition.cnn.com, cnbc.com, producenews.com

 
Related companies

CAMPBELL SOUP COMPANY

Tomato processor See details
Back

________________________________________

Editor : TOMATO NEWS SAS - 2 avenue du Blanchissage 84000 AVIGNON - FRANCE

contact@tomatonews.com / tomatonews.com

 

 

Supporting partners
Featured company
Koeln Parma Exhibitions Srl
Most popular news
Featured event
The Tomato News Conference
Our supporting partners