Campbell Soup CEO resigned suddenly, industry insiders have their eyes on a potential replacement [CNBC]
Campbell Soup Company (CPB)
Last campbell soup company earnings: 3/4 07:30 am
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Source: CNBC
Richard Levine | Corbis | Getty Images Cans of Campbell's Tomato Soup are seen in a supermarket in New York. Campbell Soup CEO Denise Morrison is out in an abrupt departure that many industry insiders expected to come, but few thought would happen so swiftly. Morrison, who had been in the seat since 2011, notified employees of her resignation within the past 48 hours, sources tell CNBC, requesting anonymity because the information is confidential. The board was unhappy with its quarterly performance, one in a string of painful misses the company has had under her watch. Shortly after announcing Morrison's departure, Campbell announced what it called unacceptable results. We delivered results that were below expectations, both ours and yours, interim CEO Keith McLoughlin told analysts in a Friday morning call. Campbell continues to face slowing — and in some segments declining — sales. Its businesses like soup, V8 juices and SpaghettiOs
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- 4/16/24 - Form 8-K
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- 4/4/24 - Form 144
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