Campbell Soup CEO retires as sales fall flat following Snyder’s-Lance acquisition
By Douglas Yu
Last updated on
Campbell Soup CEO, Denise Morrison, has announced her retirement as the company reports a $393m loss on sales of $2.13bn for the quarter ended April 29, compared with a profit a year ago.
Campbell Soup Company has announced several strategic moves to better position itself in a 'rapidly changing food industry landscape' and focus on 'profitable growth.'
Campbell Soup has finalized the purchase of Snyder’s-Lance and created a new snacks division that will combine the operations and brands of the Charlotte-based snacks company and Pepperidge Farm.
Campbell Soup has announced its Labels for Education program - in which schools receive supplies in exchange for clipped labels from participating products - will end after 43 years of operation and health experts are calling for General Mills to do the...