Campbell Soup Org Chart and Sales Intelligence blog
Campbell Soup Company
1 Campbell Place
Camden, NJ 08103-1799
856 342 4800
Ticker Symbol: (NYSE: CPB)
Sector(s): Consumer Defensive
Industry: Packaged Foods
Full Time Employees: 14,700
CEO: Mark A. Clouse, President, CEO & Director
Fortune 500 Rank: #442 in 2023
The Campbell Soup Org Chart Report covers key business units Meals and Beverages and Snacks. databahn goes further into the lines of business by charting HR, Finance, IT, Operations and more. Please keep scrolling for a sneak preview.
Campbell Soup Business Description
Campbell Soup Co. engages in the manufacturing and promotion of an array of convenience comestibles and drinkable items. Among the spectrum of offerings are soups, broths, stock products, cookies, chips, crackers, biscuits, baked goods, sauces, and snacks. Campbell Soup introduces its products to the market under various labels, some of which include Campbell's, Pepperidge Farm, V8, Prego, Pace, GoldFish, and Snyder's-Lance.
Originating in the year 1869, its foundation took place in Camden, New Jersey. The corporation's operational sphere encompasses more than 120 countries, with its workforce comprising over 36,000 individuals.
Strategically, Campbell Soup Co. pursues the diversification of its product line and the expansion of its market share. Innovation and product development constitute focal points, with continuous exploration of novel avenues to cater to customer demands.
Recent periods have witnessed challenges for Campbell Soup Co., encompassing a downturn in sales and profitability. Nonetheless, concerted efforts are being made to surmount these obstacles, with a firm dedication to reclaiming a trajectory of growth.
Highlighted attributes of Campbell Soup Co.'s operations encompass:
- Global Presence: The corporation's reach extends across 120+ nations.
- Product Diversity: A varied assortment of convenience foods and beverages is a hallmark.
- Robust Branding: The establishment boasts a collection of established and reliable brands.
- Innovation Emphasis: A perpetual quest for fresh solutions to fulfill customer needs.
- Growth Commitment: A resolute pledge to regain and sustain growth trajectory.
Campbell Soup Strategic Pillars
Campbell Soup Earnings Call Highlights
June 7, 2023
Executives in Attendance
- Rebecca Gardy – Senior Vice President & Chief Investor Relations Officer, Campbell Soup Co.
- Carrie L. Anderson – Executive Vice President & Chief Financial Officer, Campbell Soup Co.
- Mark A. Clouse – President, Chief Executive Officer & Director, Campbell Soup Co.
Comments from Mark A. Clouse – President, Chief Executive Officer & Director, Campbell Soup Co.
"We delivered our third quarter very much in line with our expectations with strong mid-single digit net sales growth, led by favorable net price realization, partially mitigated by the comparison to year ago retailer inventory rebuild. We also experienced planned low-single digit declines in adjusted EBIT and adjusted EPS year-over-year, primarily due to higher non-operating items. Overall, it was another quarter of consistent strong results, fueled by in-market performance, best-in-class service levels driven by our sustained supply chain recovery, and favorable inflation-driven net price realization. All of these have and continue to be key areas of focus for our company."
"Our performance was led by another tremendous quarter in Snacks, where we continue to build broad-based momentum on both growth and share and made a meaningful step change on margins. In Meals & Beverages, our brands continue to benefit from the strong value and convenience they provide consumers. We did experience some expected volume mix pressure as we cycled prior year retailer inventory rebuild. It's worth noting that we are fully back to pre-COVID service levels in the mid-to-high 90s, which is currently best-in-class as we continue to turn our supply chain operations into a competitive advantage. In addition, we don't expect further significant inventory-driven volatility as retailers have returned to targeted inventory levels, taking advantage of these improvements in our service levels."
"Our supply chain recovery has been best-in-class and our top-tier execution led to significantly improved customer service levels, up approximately 25 points in the third quarter versus prior year, enabling retailers to return to pre-pandemic inventory levels. Volume in the quarter was impacted by the same inventory dynamic, as well as below historical norm price elasticities and some increased competitive activity as other supply also improved. Once we cycle the tough prior year comparisons, we expect volume trends to improve sequentially. We have made considerable progress in creating sustainable momentum and relevance across the Meals & Beverages business over the last several years and remain confident in the continued growth potential of our iconic brands."
Campbell Soup Sales Trigger Events
Campbell to acquire Rao's premium sauces maker Sovos for $2.33 Billion (USD)
August 7, 2023
U.S. packaged food maker Campbell Soup (NYSE: CPB) will buy Michael Angelo's and Rao's owner Sovos Brands (NASDAQ: SOVO) for $2.33 billion in cash, upsizing its meals and beverages business with the maker of premium Italian sauces.
Campbell will pay $23 per share for Sovos, a nearly 28% premium to the stock's last close.
Sovos' shares were trading at $22.48 while Campbell slipped 1.2% to $44.58 in early trade.
“We’re thrilled to add the most compelling growth story in the food industry and welcome the talented employees who have built a nearly $1 billion portfolio,” said Campbell’s President and CEO Mark Clouse. “This acquisition fits perfectly with and accelerates our strategy of focusing on one geography, two divisions and select key categories that we know well. Our focused strategy has enabled us to deliver strong results over the last five years, enhance our brands and capabilities, and generate strong cash flow to lower debt. With all this progress, I am confident in our readiness to execute and integrate this important acquisition. The Sovos Brands portfolio strengthens and diversifies our Meals & Beverages division and paired with our faster-growing and differentiated Snacks division, makes Campbell one of the most dependable, growth-oriented names in food.”
Investing $50 million in our Camden Headquarters
We’re reimagining our Camden Headquarters, our home for more than 150 years, and investing $50 million to make a great space even better. We are consolidating our Snacks offices in Charlotte, North Carolina and Norwalk, Connecticut. With one headquarters, we’ll accelerate our plan to build a winning team and culture by investing in our campus and our people. Construction in Camden will start in March. Here’s a sneak peek at some early design concepts, for a look at how our new space might come to life.
We’ll build separate neighborhoods for our Snacks and Meals & Beverages divisions that highlight the unique identities of each business. Corporate departments will also have neighborhoods. All facilities will be enhanced, including new furniture, workstation configurations, and upgraded technology to support a connected experience.
The Dorrance Center
We’ll remodel our Dorrance Center into a state-of-the-art conference center that can hold larger meetings and will flow into our courtyard. The remodeled space will have a separate entrance and a reception area for special events.
A few other notable changes
- Maggie’s Place: A new campus center to serve as a casual social hub and alternative workspace. Named after none other than Pepperidge Farm founder, Margaret Rudkin.
- Updated café: Added seating to make it more collaborative and adaptable.
- Grab-and-go food and snacks: Pantries and buildings across campus will have food in addition to the coffee already present!
- Snacks R&D facility and pilot plant: A state-of-the-art space for our Snacks marketing and R&D teams to drive innovation.
Campbell Appoints Carrie Anderson Chief Financial Officer
Campbell Soup Company (NYSE:CPB) today announced the appointment of Carrie L. Anderson as Executive Vice President and Chief Financial Officer, effective Feb. 6. Anderson will lead Campbell’s finance function, including controllership, corporate financial planning and analysis, corporate strategy and development, tax, treasury, internal audit, investor relations, transactional services and financial systems. She will report to Campbell’s President and Chief Executive Officer Mark Clouse and become a member of the company’s Operating Committee and a Corporate Officer. Anderson succeeds Mick Beekhuizen, who was appointed President of Campbell’s Meals & Beverages division in November 2022. “I am delighted to welcome Carrie to our leadership team. She brings a wide range of diverse, strategic experience and financial discipline, and her expertise in capital management and deployment will help us continue to drive our growth plans and enhance our performance,” said Clouse. “Her collaborative approach combined with a track record of driving transformation, delivering results and developing strong finance teams will be invaluable as we continue to build momentum in the business.”
Inside Campbell Soup’s overhaul to innovation and how it’s paying off
Three hundred billion. That’s how many fine dining menus, scientific studies, product launches, social media posts, recipe websites and other data points are reviewed each year by Campbell Soup in the hopes of finding inspiration for a new product that resonates with consumers. The parsing of these data points using technology, such as artificial intelligence, is a key pillar for the 153-year-old soup and snacks maker’s so-called Insights Engine: A process started three years ago that tracks and curates trends to improve innovation and expedite product development. “When you look at data and AI and machine learning, it’s easy to say ‘I won’t use my brain, because the answer is going to come to me,’ ” Craig Slavtcheff, chief research and development and innovation officer at Campbell Soup, said in an interview. “That’s not what we’re facilitating. What we’re facilitating is a richer input into our thinking based on a broader and deeper set of data updated continuously that allows us to come up with better ideas.” Slavtcheff said employees still need to take the data and use their experience to figure out how to move forward: Where is a particular trend going? Will it last? How can the company design a product to convey what’s happening? Is a brand in a position to embrace that trend because it is a little edgier, or is it better off waiting until the trend has more firmly entrenched itself in the marketplace?
Campbell Soup Financial Highlights
|Fiscal Year Ends||July 31, 2023|
|Most Recent Quarter||April 30, 2023|
|Return on Assets||6.67%|
|Return on Equity||22.48%|
|Revenue Per Share||31.05|
|Quarterly Revenue Growth||4.60%|
|Net Income Avi to Common||785M|
|Quarterly Earnings Growth||-14.90%|
|Total Cash Per Share||0.75|
|Book Value Per Share||12.03|
Cash Flow Statement
|Operating Cash Flow||998M|
|Levered Free Cash Flow||633.5M|
CAMPBELL'S SOUP ORG CHART PREVIEW
Campbell Soup Board of Directors
Keith R. McLoughlin
Chairman of the Board
Fabiola R. Arredondo
Managing Partner of Siempre Holdings
Howard M. Averill
Former Executive Vice President and Chief Financial Officer of Time Warner Inc.
John P. (JP) Bilbrey
Former President and Chief Executive Officer of The Hershey Company
Mark A. Clouse
President and Chief Executive Officer of Campbell's Soup Company
Bennett Dorrance, Jr.
Managing Director for the DFE Trust Company and Vice President of the Dorrance Family Foundation
Maria Teresa (Tessa) Hilado
Executive Vice President and Chief Financial Officer of Allergan PLC
Grant H. Hill
Vice Chairman of the Atlanta Hawks professional basketball team
President of Profitero, Ltd.
Marc B. Lautenbach
President and Chief Executive Officer at Pitney Bowes Inc.
Mary Alice D. Malone
President of Iron Spring Farm, Inc.
Kurt T. Schmidt
President and Chief Executive Officer at Cronos Group Inc.
Archbold D. van Beuren
Vice Chairman of Brandywine Trust Group
Campbell Soup Executive Leadership Team
Mark A. Clouse
President and Chief Executive Officer
Carrie L. Anderson
Executive Vice President, Chief Financial Officer
Senior Vice President, Chief Technology and Information Officer
Vice President, Chief of Staff and Strategic Initiatives
Executive Vice President, President Meals & Beverages
Charles A. Brawley, III
Senior Vice President, Corporate Secretary, and Deputy General Counsel
Adam G. Ciongoli
Executive Vice President, General Counsel, and Chief Sustainability, Corporate Responsibility and Governance Officer
Executive Vice President, President Snacks
Senior Vice President, Chief Investor Relations Officer
Senior Vice President, Chief Marketing Officer Meals & Beverages
Senior Vice President, Chief Marketing Officer Campbell Snacks
Diane Johnson May
Executive Vice President, Chief Human Resources Officer
Senior Vice President, Chief Customer Officer Meals & Beverages
Senior Vice President, Chief Culture Officer
Senior Vice President, Chief Customer Officer Campbell Snacks
Daniel L. Poland
Executive Vice President, Chief Supply Chain Officer
Senior Vice President, Controller
Anthony J. Sanzio
Executive Vice President, Chief Communications Officer
Executive Vice President, Chief R&D and Innovation Officer
- Campbell Soup Contact Information
- Campbell Soup Org Charts on Corporate Structure, Executive Leadership, Sales, Marketing, Finance, HR, Supply Chain, Technology, R&D, Manufacturing, etc.
- Campbell Soup Financial Insights
- Campbell Soup SWOT Report
- Campbell Soup Technologies in Use
- Campbell Soup IT Budgets
- Campbell Soup Social Media Profiles
- Campbell Soup Actionable Sales Trigger Events
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