Campbell: shares slightly up after news of new CEO
(CercleFinance.com) - Campbell Soup, the world's largest soup maker, said that it has found a new CEO on Friday, which led to its shares rising slightly in morning trading.
The stock is currently up 0.8% at 38 dollars, outperforming the 0.5% rise in the S&P 500 index.
Campbell has announced that its board of directors has elected Mark Clouse, the previous chief executive of frozen meal maker Pinnacle Foods, as CEO, effective from 22 January 2019.
Aged 50, Clouse, will succeed Campbell's interim CEO Keith McLoughlin.
Campbell has said that activist investor Third Point has had an influence in the CEO search process, and fully supports the board's decision to name Clouse CEO.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The stock is currently up 0.8% at 38 dollars, outperforming the 0.5% rise in the S&P 500 index.
Campbell has announced that its board of directors has elected Mark Clouse, the previous chief executive of frozen meal maker Pinnacle Foods, as CEO, effective from 22 January 2019.
Aged 50, Clouse, will succeed Campbell's interim CEO Keith McLoughlin.
Campbell has said that activist investor Third Point has had an influence in the CEO search process, and fully supports the board's decision to name Clouse CEO.
Copyright (c) 2018 CercleFinance.com. All rights reserved.