Campbell: announces new alignment for North American Business

Camden / NJ. (csc) Campbell Soup Company announces a realignment of its North American business to streamline the company´s management structure.

The company´s U.S. Soup, Sauces, and Beverages retail businesses (Campbell USA), North America Foodservice and StockPot, and the business in Canada will now comprise an organization known as North America Soup, Sauces, and Beverages. The three business units in the new organization had sales of approximately 4,5 billion USD last year.

Denise Morrison, who is being appointed President-North America Soup, Sauces, and Beverages, will lead the new organization. She will report to President and Chief Executive Officer, Douglas R. Conant. Morrison joined Campbell in April 2003 as President-Global Sales and Chief Customer Officer, and was appointed President-Campbell USA in 2005.

Under the new structure, the company´s Pepperidge Farm and Godiva Chocolatier businesses will now report directly to Conant.

Campbell also announced that Mark Sarvary, Executive Vice President and President-Campbell North America, will leave the company. Sarvary joined Campbell in 2002 as President of Pepperidge Farm and has been in his current position since 2004.

About: Campbell Soup Company is a global manufacturer and marketer of high quality foods and simple meals, including soup, baked snacks, vegetable-based beverages, and premium chocolate products, with annual revenues in excess of 7,8 billion USD. Founded in 1869, the company has a portfolio of market-leading brands.