1. Campbell Soup Names its New CEO, with Nod From Third Point

    Campbell Soup Names its New CEO, with Nod From Third Point

    Campbell Soup Co. CPB, -2.54% said late Thursday its board of directors has elected Mark A. Clouse to serve as the company's president and chief executive effective Jan. 22. Clouse, who previously was the CEO of Pinnacle Foods Inc., succeeds Campbell's interim CEO Keith McLoughlin, who will remain a director and will work closely with Clouse "to ensure a seamless transition," Campbell Soup said in a statement...

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    1. Throughout his career, Clouse has consistently demonstrated an ability to enhance growth and create shareholder value through investments in a company's existing brands and through acquisitions.
    2. Third Point provided constructive input into the CEO search process and fully supports the Campbell Board's decision to name Clouse President and CEO.
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