Campbell Soup Company announced key management changes to support the company's continued growth and accelerate progress against its multi-year strategic plan. Mick Beekhuizen has been appointed President – Meals & Beverages. He will continue to serve as Chief Financial Officer until a successor to this role is named.

Chris Foley, currently President – Meals & Beverages, will become President – Snacks. These changes are effective immediately. Both will continue to report to Campbell President and Chief Executive Officer Mark Clouse.

Beekhuizen, who joined Campbell in Sept. 2019 as Chief Financial Officer, will now lead the $4.6 billion division that includes soup, simple meals and beverages in retail and foodservice in North America. Beekhuizen is an accomplished leader with a record of financial, commercial and operational excellence, along with marketing and innovation capabilities.

During his time at Campbell, he has led corporate strategy and the finance function, including controllership, tax, treasury, corporate audit, investor relations, corporate development, financial planning and analysis, and shared services, as well as the company's information technology (IT) group. Prior to Campbell, Beekhuizen was Executive Vice President and Chief Financial Officer at Chobani from 2016 to 2019, where he played a key role in its growth and expansion. Earlier in his career, Mick was Executive Vice President and Chief Financial Officer for Education Management Corporation, and a Managing Director at Goldman Sachs in the merchant banking division.

Valerie Oswalt, Executive Vice President and President, Snacks of Campbell Soup Company (the Company) informed the Company that she is resigning her position effective November 1, 2022.