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B. Craig Owens to Retire from Campbell on May 1, 2014; Anthony P. DiSilvestro to Succeed Owens as Chief Financial Officer

CAMDEN, N.J.–(BUSINESS WIRE)–Jan. 24, 2014–
Campbell Soup Company (NYSE:CPB) today announced that B. Craig
Owens, 59, Chief Financial Officer and Chief Administrative Officer
since 2008, has informed the company of his decision to retire on May 1,
2014. Anthony P. DiSilvestro, 55, Senior Vice President – Finance, has
been appointed to succeed Owens as Senior Vice President and Chief
Financial Officer, effective on that date.

Denise Morrison, Campbell’s President and Chief Executive Officer, said,
“During his five years of outstanding service to Campbell, Craig has
provided strong strategic leadership of our company’s Finance, Supply
Chain and Information Technology organizations. Craig’s insight,
expertise and consummate integrity have earned the respect and trust of
his colleagues on Campbell’s Leadership Team, as well as the company’s
investors and the financial community. Craig has been an invaluable
partner to me in the development of a new strategic framework for
Campbell and the reshaping of our portfolio, including our expansion
into faster-growing categories and geographies. I am deeply grateful for
his contributions to our company, and I wish him and his family much
happiness in the future.”

Since joining Campbell in 1996, DiSilvestro has held a wide range of
senior roles in the Finance organization and in the company’s principal
business divisions, including Treasurer; Controller; Vice President –
Finance for Campbell North America; Vice President – Corporate
Development and Strategic Planning; and Vice President and Managing
Director of Campbell International. In his current position as
Senior Vice President – Finance, DiSilvestro oversees the Controller’s
function and Financial Planning and Analysis, and he also serves as the
senior financial officer for Campbell North America, the company’s
largest division. Working closely with Mark Alexander, President –
Campbell North America, DiSilvestro has played a key role in restoring
the company’s North American soup and simple meals business to
profitable growth.

“The Board of Directors and I are delighted that Anthony will be the
company’s next Chief Financial Officer,” said Morrison. “In the course
of his long and distinguished career at Campbell, he has acquired a
matchless command of our business and the dynamics of our industry.
Anthony will bring to his new role all of the benefits of his broad
experience, exceptional financial acumen, strategic judgment, impeccable
integrity and an unwavering commitment to the company’s success. I look
forward to working closely with him to continue to drive Campbell’s
growth and build an exciting future for our company and its
shareholders.”

DiSilvestro earned a Bachelor of Arts in economics from Dartmouth
College and a Master of Business Administration from the Wharton School
of Business at the University of Pennsylvania. Before joining Campbell,
he served in various senior financial roles at Scott Paper Company and
as Chief Financial Officer of Mölnlycke A.B. Health Care.

About Campbell Soup Company

Campbell Soup Company is a manufacturer and marketer of high-quality
foods and simple meals, including soup and sauces, snacks and healthy
beverages. Founded in 1869, the company has a portfolio of
market-leading brands, including “Campbell’s,” “Pepperidge Farm,”
“Arnott’s,” “V8,” “Bolthouse Farms,” “Plum Organics” and “Kjeldsens.”
Through its corporate social responsibility program, the company strives
to make a positive impact in the workplace, in the marketplace and in
the communities in which it operates. Campbell is a member of the
Standard & Poor’s 500 and the Dow Jones Sustainability Indexes. For more
information, visit www.campbellsoupcompany.com
or follow company news on Twitter via @CampbellSoupCo.

Source: Campbell Soup Company

Campbell Soup Company
Carla Burigatto (Media)
856-342-3737
or
Jennifer
Driscoll (Analysts/Investors)
856-342-6081