CAMDEN, N.J.–(BUSINESS WIRE)–Sept. 26, 2005–Campbell Soup
Company (NYSE:CPB) today announced the nominations of A. Barry Rand
and Sara Mathew for election to its Board of Directors at the
company’s annual meeting of shareowners, which will be held on
November 18, 2005.
To take advantage of the opportunity to add two outstanding
directors, the Company’s By-Laws have been amended to increase the
size of the Board from 16 to 17 members. The amendment will be
effective on November 18, 2005. Rand will succeed Donald M. Stewart,
67, who will retire from the Board after 14 years of service. Mathew
will join the Board as its 17th member until November 2006, when
Philip E. Lippincott, 69, former Chairman of the Campbell Board and a
Director since 1984, retires, and the Board will be reduced to 16
Rand, 60, is former Chairman and Chief Executive Officer of
Equitant, Inc., a global provider of order-to-cash management services
that was acquired by IBM in April 2005. He also is former Chairman and
Chief Executive Officer of Avis Group. He began his career at Xerox
Corporation, where he spent nearly 30 years in a variety of
senior-level roles in sales, marketing, and executive leadership,
culminating as Executive Vice President, Worldwide Operations.
Rand earned his B.A. degree in marketing from American University.
He was a Sloan Fellow at Stanford University, where he also earned his
Mathew, 50, is Senior Vice President and Chief Financial Officer
of The Dun & Bradstreet Corporation (D&B), a leading provider of
global business information tools and insight. She is also a member of
D&B’s Global Leadership Team. Before joining D&B in 2001, she spent 18
years at Procter & Gamble in a range of finance and marketing roles,
most recently as Vice President-Finance for Procter & Gamble’s
Association of Southeast Asian Nations region.
Mathew earned her B.S. degree in physics, chemistry, and
mathematics from the University of Madras, India; her master’s degree
in accounting from the Institute of Cost and Works Accountants of
India; and her M.B.A. degree in finance and marketing from Xavier
“We are delighted to have two outstanding business leaders with
such wide-ranging experience join our Board,” said Campbell Chairman
Harvey Golub. “Barry Rand brings consumer-driven business perspective
from his experience at Avis and Xerox, while Sara Mathew brings
financial leadership from D&B and global consumer packaged goods
experience from Procter and Gamble. I am confident their perspectives
and mature judgment will provide significant benefits to Campbell.”
Stewart, currently Visiting Professor at the Harris School,
University of Chicago, and former President and Chief Executive
Officer of The College Board, joined the Campbell Board in 1992.
Golub continued, “We thank Don Stewart for his contributions and
many years of dedicated service to Campbell Soup Company. We have
greatly benefited from the perspective Don has contributed to our work
from his distinguished experience in the academic and not-for-profit
worlds. We will miss his wisdom and judgment.”
About Campbell Soup Company
Campbell Soup Company is a global manufacturer and marketer of
high quality simple meals, including soup, baked snacks,
vegetable-based beverages, and premium chocolate products.
Founded in 1869, the company has a portfolio of more than 20
market-leading brands, including “Campbell’s,” “Pepperidge Farm,”
“Arnott’s,” “V8,” and “Godiva.” For more information on the company,
visit Campbell’s website at www.campbellsoupcompany.com.
CONTACT: Campbell Soup Company
John W. Faulkner (Media)
Leonard F. Griehs (Analysts)
SOURCE: Campbell Soup Company
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