Campbell's CEO saved the iconic soup maker — now he's headed to NFL's Washington Commanders

Yahoo Finance12-04

Mark Clouse is leaving one team with a winning record to join another. The Campbell's Company (CPB) — maker of iconic chicken noodle soup and Rao's pasta sauce — said late Tuesday that Clouse will ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2488778739?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/Q7.65RY7dcCKFsLFutclJw--~B/aD0yMTc4O3c9MzI2NzthcHBpZD15dGFjaHlvbg--/https://s.yimg.com/os/creatr-uploaded-images/2024-12/bb67e480-b1c0-11ef-bef9-249261b6473a","is_english":true,"pubTime":"2024-12-04 06:03","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2488778739","market":"us","top_or_hot":-1,"title":"Campbell's CEO saved the iconic soup maker — now he's headed to NFL's Washington Commanders","media":"Yahoo Finance","content":"<div>\n<p>Mark Clouse is leaving one team with a winning record to join another. \nThe Campbell's Company (CPB) — maker of iconic chicken noodle soup and Rao's pasta sauce — said late Tuesday that Clouse will ...</p>\n\n<a href=\"https://finance.yahoo.com/news/campbells-ceo-saved-the-iconic-soup-maker--now-hes-headed-to-nfls-washington-commanders-220321815.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Campbell's CEO saved the iconic soup maker — now he's headed to NFL's Washington Commanders</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCampbell's CEO saved the iconic soup maker — now he's headed to NFL's Washington Commanders\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-04 06:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/campbells-ceo-saved-the-iconic-soup-maker--now-hes-headed-to-nfls-washington-commanders-220321815.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Mark Clouse is leaving one team with a winning record to join another. \nThe Campbell's Company (CPB) — maker of iconic chicken noodle soup and Rao's pasta sauce — said late Tuesday that Clouse will ...</p>\n\n<a href=\"https://finance.yahoo.com/news/campbells-ceo-saved-the-iconic-soup-maker--now-hes-headed-to-nfls-washington-commanders-220321815.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2506952097.USD","symbol_name":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (USDHDG) ACC","start_time":0,"source_url":"https://finance.yahoo.com/news/campbells-ceo-saved-the-iconic-soup-maker--now-hes-headed-to-nfls-washington-commanders-220321815.html","article_id":"2488778739","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/Q7.65RY7dcCKFsLFutclJw--~B/aD0yMTc4O3c9MzI2NzthcHBpZD15dGFjaHlvbg--/https://s.yimg.com/os/creatr-uploaded-images/2024-12/bb67e480-b1c0-11ef-bef9-249261b6473a"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2488778739","pubTimestamp":1733263401,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Mark Clouse is leaving one team with a winning record to join another.The Campbell's Company  — maker of iconic chicken noodle soup and Rao's pasta sauce — said late Tuesday that Clouse will retire to become president of the NFL's Washington Commanders. He has been CEO since 2019.Snagging Clouse's corner office is Mick Beekhuizen. He joined Clouse's executive team in September 2019 as CFO, and has led the $5.3 billion meals and beverage division as president since 2022.\"Campbell’s will always hold a special place in my heart. While I am stepping away a bit earlier than I anticipated, I feel like I have one more act in my career. The Washington Commanders role is a once-in-a-lifetime position that blends my passion for business and love of sports. A leadership role in professional sports is the only thing that would’ve pulled me away from Campbell’s,\" Clouse said in a statement.Clouse has run a masterclass in reinventing a household name.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2506952097.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (USDHDG) ACC","IE00B42XCP33.USD":"GUINNESS GLOBAL EQUITY INCOME \"C\" (USD) INC","LU1815333072.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"AUP\" (USD) INC","BK4212":"包装食品与肉类","HRL":"荷美尔","LU2506951958.HKD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (HKDHDG) INC","KO":"可口可乐","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","LU0957791311.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"ZU\" (USD) ACC","BK4532":"文艺复兴科技持仓","SG9999015341.SGD":"United Income Focus Trust Acc SGD-H","LU1732799900.SGD":"JPMorgan Investment Funds - Global Income A (irc) SGD-H","LU0265550359.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A2\" (USD) ACC","BK4177":"软饮料","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","LU2506952170.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (USDHDG) INC","BK4585":"ETF&股票定投概念","LU1032955483.USD":"NORDEA 1 STABLE RETURN \"HB\" (USDHDG) ACC","LU0912757837.SGD":"JPMorgan Investment Funds - Global Income A (mth) SGD-H","BK4566":"资本集团","LU2108987350.USD":"UBS (LUX) EQUITY SICAV GLOBAL OPPORTUNITY SUSTAINABLE (USD) \"P\" (USD) ACC","LU2237443382.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA USD","IE00BDGV0183.EUR":"GUINNESS GLOBAL EQUITY INCOME \"C\" (EUR) INC","LU2360032135.SGD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (SGDHDG) INC","LU1732800096.USD":"摩根大通环球收益基金A (irc)","LU0950375773.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"C\" (USD) INC A","LU2237443465.HKD":"abrdn SICAV I -  GLOBAL DYNAMIC DIVIDEND \"A\" (HKD) INC","LU2237443622.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc USD","SG9999011175.SGD":"Nikko AM Global Dividend Equity Dis SGD-H","WASH":"华盛顿信托银行","LU1221951046.USD":"NORDEA 1 STABLE RETURN \"HM\" (USDHDG) INC","LU2237957902.USD":"NIKKO AM GLOBAL EQUITY \"F\" (USD) ACC","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","SG9999002224.SGD":"Allianz Global High Payout SGD","LU0823417653.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"C\" (USD) ACC","SG9999014559.SGD":"United Income Focus Trust Dis SGD","LU2279689827.SGD":"JPMorgan Investment Funds - Global Income Sustainable A (mth) SGD-H","LU2237957811.SGD":"NIKKO AM GLOBAL EQUITY \"F\" (SGD) ACC","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","LU2506951875.HKD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (HKDHDG) ACC","PEP":"百事可乐","BK4581":"高盛持仓","LU1670711040.USD":"M&G (LUX) GLOBAL DIVIDEND \"A\" (USD) ACC","LU0096364046.USD":"CT (LUX) I AMERICAN \"DU\" (USD) ACC","CPB":"金宝汤","SG9999015358.SGD":"United Income Focus Trust Dis SGD-H","SGXZ23171101.USD":"NIKKO AM SHENTON GLOBAL OPPORTUNITIES (USD) ACC","IE00B3PB1722.GBP":"GUINNESS GLOBAL EQUITY INCOME \"C\" (GBP) INC","LU1718418525.SGD":"JPMorgan Investment Funds - Global Select Equity A (acc) SGD"},"translate_title":"金宝汤首席执行官拯救了这家标志性的汤制造商——现在他将前往NFL华盛顿指挥官队","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WASH":1,"KO":1,"PEP":1,"CPB":1,"HRL":0.9},"content_text":"Mark Clouse is leaving one team with a winning record to join another. \nThe Campbell's Company (CPB) — maker of iconic chicken noodle soup and Rao's pasta sauce — said late Tuesday that Clouse will retire to become president of the NFL's Washington Commanders. He has been CEO since 2019. \nSnagging Clouse's corner office is Mick Beekhuizen. He joined Clouse's executive team in September 2019 as CFO, and has led the $5.3 billion meals and beverage division as president since 2022. \nBeekhuizen will assume the role officially on Feb. 1, 2025.\nShares of Campbell's fell nearly 4% in after-hours trading on the news, as well as the company only reaffirming its full year guidance.\n\"Campbell’s will always hold a special place in my heart. While I am stepping away a bit earlier than I anticipated, I feel like I have one more act in my career. The Washington Commanders role is a once-in-a-lifetime position that blends my passion for business and love of sports. A leadership role in professional sports is the only thing that would’ve pulled me away from Campbell’s,\" Clouse said in a statement. \nClouse has run a masterclass in reinventing a household name.\nWhen Clouse parachuted into then Campbell Soup's Camden, N.J., headquarters on Jan. 22, 2019, he came into a historic food company taking fire from all sides.\nPublic bickering between descendants of Campbell Soup founder John T. Dorrance. An attack by prominent activist investor Dan Loeb of Third Point. Its stock price dropped 9% from Dec. 19, 2017, to Dec. 19, 2018, amid poor execution of two large acquisitions (Bolthouse Farms, Snyder's-Lance) from a prior CEO and subpar financial results.\nClouse, the former CEO of Pinnacle Foods, wasted no time channeling the leadership skills he learned as a pilot in the United States Army, a decorated career that concluded with him serving as captain.\nChiefly: he moved swiftly to make bold decisions. In April 2019, Campbell's unloaded the financially volatile Bolthouse Farms beverage business for $510 million to private equity firm Butterfly. \nCome August 2019, Clouse sold its Australian snacks unit, Arnott's, to KKR for $2.2 billion.\nCampbell made another divesture in 2023: the sale of its Emerald nuts business to private label manufacturer Flagstone Foods.\n\"Our biggest challenge as a company is that we had cast a lot of lines in a lot of different directions. The unintended consequence of that is your core business begins to become a little bit more of an afterthought, a bit neglected,\" Clouse explained in an interview on Yahoo Finance's Lead This Way (video above). \n\"So we said right away, it's going be one geography, North America; two divisions, a snacks division and meals and beverage division; and 13 categories. This is where we have the right to win. This is where we have the know-how and the capabilities to be successful.\"\nClouse's big bets during the portfolio rejiggering?\nInnovation in soup — think Ghost Pepper Chicken Noodle. Innovation in snacks — like Frank's RedHot sauce-flavored Goldfish.\nThe tighter focus on core competencies — and changes to household food consumption post-pandemic — has seen Campbell add more than $1 billion in sales from fiscal year 2020 to fiscal year 2024.\nShares of Campbell's are up 32% since Clouse's first day on the job, relatively in line with big packaged foods player Coca-Cola (KO). PepsiCo (PEP) — which operates the Frito Lay snacks division — has seen its stock rise 42% during the same stretch. Spam-maker Hormel's (HRL) stock has dropped 23% since January 2019, according to Yahoo Finance data.\nAs a swan song some would say, Campbell last year plunked down $2.7 billion to buy high-end pasta sauce brand Rao's. The company — which went public in 2021 — joined a Campbell portfolio of lower-priced sauce Prego and Swanson broths.\nAt an investor day several months ago, Clouse changed the company's name to The Campbell's Company from Campbell's Soup. The move was meant to reflect the company selling more than just soup — everything from Snyder's-Lance pretzels to Goldfish crackers to Rao's pasta sauce.\nThe Washington Commanders sit in second place in the NFC East with a record of 8-5, behind the Philadelphia Eagles. Knowing Clouse, overtaking the Eagles in the division in 2025 is already on the to-do list.\nBrian Sozzi is Yahoo Finance's Executive Editor. Follow Sozzi on X @BrianSozzi and on LinkedIn. Tips on deals, mergers, activist situations, or anything else? Email brian.sozzi@yahoofinance.com.\nClick here for the latest stock market news and in-depth analysis, including events that move stocks\nRead the latest financial and business news from Yahoo Finance","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"executive","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2488778739"}