Linda Lindner//December 21, 2018//
Campbell Soup Co. announced late Thursday that its Board of Directors elected Mark Clouse as president and CEO of Campbell effective Jan. 22.Campbell Soup Co. announced late Thursday that its Board of Directors elected Mark Clouse as president and CEO of Campbell effective Jan. 22.
Clouse will succeed Campbell’s interim President and CEO Keith McLoughlin, who will remain a Director of the company and will work closely with Clouse to ensure a seamless transition. Clouse also has been elected a Director.
McLoughlin, a board member since 2016, took over at Campbell following the retirement of Denise Morrison in May.
Clouse, who previously served as CEO of Parsippany-based Pinnacle Foods, brings more than 20 years of experience in the food industry, holding senior management positions at leading companies.
“Mark’s leadership as CEO of Pinnacle Foods shows a clear track record of delivering solid revenue and earnings growth and generating significant value for shareholders,” said Les Vinney, chairman of the board, in a statement. “Over the last several months, the Campbell Board conducted a thorough search process, and we are confident that Mark’s the right person to continue our turnaround plan and lead Campbell to future growth.”
In November, Campbell and Third Point LLC ended a monthslong battle for control of the Camden-based company’s board with an agreement to expand the number of members from 12 to 14, including two picks from Third Point’s proposed slate of independent directors the investor had previously recommended replace the entire board.