Snacks & Candy

Campbell Soup Names New CEO

Mark Clouse, former leader of Pinnacle Foods, will take the reins Jan. 22
clouse head shot

CAMDEN, N.J. -- Mark Clouse, former CEO of Pinnacle Foods, Parsippany-Troy Hills, N.J., has been named president and CEO of the Campbell Soup Co., effective Jan. 22.

“I am honored to lead Campbell and its portfolio of iconic brands into the next chapter of the company’s storied history,” said Clouse. “I am committed to delivering Campbell’s strategic objectives and look forward to partnering with the board and working alongside the company’s many talented employees to deliver sustainable, long-term growth. I am confident that together we can build a prosperous future for Campbell and all of its stakeholders.”

Clouse will succeed Keith McLoughlin, who became interim president and CEO of Campbell in May after former leader Denise Morrison retired unexpectedly after 15 years with the company. McLoughlin will maintain a directorial role and will work closely with Clouse to ensure a seamless transition.

“Mark Clouse is an outstanding leader with a proven track record of operational excellence, and we are excited to name him as Campbell’s next president and CEO,” said Les Vinney, chairman of Campbell’s board of directors. “Mark’s leadership as CEO of Pinnacle Foods shows a clear track record of delivering solid revenue and earnings growth and generating significant value for shareholders.

“Over the last several months, the Campbell board conducted a thorough search process, and we are confident that Mark is the right person to continue our turnaround plan and lead Campbell to future growth. He brings a wealth of experience in the food industry, as well as a fresh perspective on the opportunities and challenges before us. Mark was the board’s top choice due to his success leading organizations through significant transformations and his history of delivering strong results. We are eager to begin working with him as we continue to build a stronger and more focused Campbell.”

Clouse has more than two decades of experience in the food and beverage industry. Prior to joining Pinnacle Foods in May 2016, the executive worked in the marketing division of the Kraft Heinz Co. for nearly 16 years. In October 2012, he joined Mondelez International as president of North America and also held roles such as chief growth officer and chief commercial officer during his tenure with the company. Clouse is a graduate of the United States Military Academy at West Point and served as a captain in the U.S. Army for nearly seven years.

“I want to thank Keith McLoughlin for his service as Campbell’s interim CEO during this important time,” said Vinney. “Under Keith’s steady leadership, we have made significant progress in focusing the company, increasing operational discipline and executing our plans to improve performance. The Campbell turnaround has begun, and the company stands well-positioned for success as Mark steps into the CEO role. I look forward to continuing to work with Keith as an active member of Campbell’s board.”

Camden, N.J.-based Campbell Soup produces foods and meals, such as soup and sauces, snacks and healthy beverages. Its brand portfolio includes Pepperidge Farm, Bolthouse Farms, Arnott’s, V8, Swanson, Pace, Prego, Plum, Royal Dansk, Kjeldsens, Garden Fresh Gourmet, Pacific Foods, Snyder's of Hanover, Lance, Kettle, Cape Cod, Snack Factory Pretzel Crisps, Pop Secret, Emerald, Late July and others.

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