The Campbell Soup Company has announced the appointment of Keith McLoughlin as its new chairman, following the retirement of Les Vinney.
McLoughlin, a Campbell director since 2015, most recently served as Campbell's interim president and CEO, from May 2018 to January 2019, during which time he oversaw a board-led strategy and portfolio review.
He stepped down from the interim role following the appointment of Mark Clouse as Campbell's president and CEO earlier this year.
New Role
“I am honoured to serve as chairman of a company with iconic brands and many talented employees whom I have come to know well in the last year," McLoughlin commented.
"During my time as Interim President and CEO, I gained a deeper knowledge of the company’s operations, and in working closely with leadership, believe we have made significant progress in focusing the company. I look forward to continuing to work with Mark, the Campbell Leadership Team and my fellow directors as we continue to transform Campbell and create shareholder value.”
Vinney, 70, has chosen to retire from Campbell due to personal commitments, having served as chairman of the business since 2015. He joined the Campbell board in 2003.
"“It has been an honour to serve as a director and as Chairman of the Campbell Soup Company," Vinney commented. "The Board is fortunate to have a strong and capable leader in Keith, whose steady direction has been indispensable over the last year."
Elsewhere, former Hershey CEO J.P. Bilbrey has been appointed to the Campbell board, while Sara Mathew has retired from the board.
© 2019 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. Click subscribe to sign up to ESM: European Supermarket Magazine.
