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CAMPBELL SOUP COMPANY

(CPB)
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Campbell Soup Company Announces Appointment of Charles Nevin as Chief Customer Officer, Meals & Beverages, Effective November 29, 2021

11/08/2021 | 04:30pm EST

Campbell Soup Company announced the appointment of Charles Nevin as Chief Customer Officer, Meals & Beverages, effective Nov. 29, 2021. Nevin succeeds Pierson, who was promoted from Senior Vice President, Sales, Meals & Beverages to Chief Customer Officer of the Snacks division in August 2021. Pierson had been leading both sales organizations on an interim basis. Nevin joins Campbell from Family Dollar, where he served as Merchandising Senior Vice President/General Merchandise Manager for the past four years. Prior to that role, Nevin led Merchandising for non-perishable products at The Fresh Market. With more than 30 years working in retail and consumer products, Nevin brings rich food experience from roles at Nabisco, Kraft Foods and Hillshire Brands. He previously worked at Campbell from 2005-2012 in both sales and marketing roles, including leading customer teams for Albertsons and Walmart, in addition to serving as Business Director on Chunky soup. He earned his B.A. degree from Ohio Wesleyan University. Pierson has been with Campbell since 2019. In this new role, Pierson leads the company?s U.S. Snacks sales teams, as well as the company?s Latin America and Global Exports businesses. The Snacks business includes a unique and differentiated portfolio with brands such as Goldfish crackers, Snyder?s of Hanover pretzels, Late July tortilla chips, Kettle Brand potato chips, Cape Cod potato chips, Milano cookies, Pepperidge Farm cookies and bread, Lance crackers and more. He reports to Valerie Oswalt, President, Campbell Snacks. Pierson joined Campbell from Materne North America, where he had served as Chief Customer Officer for two years. He previously was a Partner and Senior Vice President of Sales with Hello Delicious Brands!. Prior to that role, Pierson spent more than a decade in sales leadership and strategy roles with PepsiCo, and nearly eight years as a Sales Director with Acosta Sales and Marketing. He had served as Vice President of Sales Strategy and Trade Marketing with Pepperidge Farm from 2013-2015. Mike earned his B.A. degree from Saint Bonaventure University. He serves on the Board of Governors for St. Joseph?s University Academy of Food Marketing.


ę S&P Capital IQ 2021
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Financials (USD)
Sales 2022 8 414 M - -
Net income 2022 777 M - -
Net Debt 2022 4 758 M - -
P/E ratio 2022 17,1x
Yield 2022 3,40%
Capitalization 13 343 M 13 343 M -
EV / Sales 2022 2,15x
EV / Sales 2023 2,11x
Nbr of Employees 14 100
Free-Float 60,3%
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Mean consensus HOLD
Number of Analysts 19
Last Close Price 44,22 $
Average target price 45,67 $
Spread / Average Target 3,27%
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Managers and Directors
Mark A. Clouse President, Chief Executive Officer & Director
Mick J. Beekhuizen Chief Financial Officer & Executive Vice President
Keith R. McLoughlin Chairman
Francisco Fraga Chief Technology & Information Officer, VP
Craig Slavtcheff Chief Innovation, Research & Development Officer
Sector and Competitors