CAMDEN, N.J.–(BUSINESS WIRE)–Feb. 29, 2016–
Campbell Soup Company (NYSE:CPB) today announced that the
company’s Board of Directors has elected Keith R. McLoughlin as a member
of the Board, effective Feb. 24, 2016.
McLoughlin, 59, recently retired as President and Chief Executive
Officer of AB Electrolux, a multinational appliance company producing
and selling more than 50 million products a year in more than 150
countries. Under McLoughlin’s leadership, Electrolux increased
investments in consumer-led innovation, focusing on profitable growth
areas and leveraging the scale of the company through global
integration. McLoughlin continues to support Electrolux in the North
American market on a consultancy basis.
McLoughlin joined AB Electrolux in 2003 as head of Major Appliances
North America and Executive Vice President of AB Electrolux. Between
2004 and 2007, he also served as head of Major Appliances Latin America.
From 2009 until 2011, McLoughlin served as Chief Operations Officer and
Executive Vice President, AB Electrolux. He was appointed President and
Chief Executive Officer of AB Electrolux in 2011, a position he held
until his retirement in January, 2016.
Before joining AB Electrolux, McLoughlin spent 22 years in senior
leadership roles at E. I. du Pont de Nemours and Company, leading
several consumer brand businesses including DuPont Corian®,
DuPont Stainmaster® carpet and DuPont Tyvek®.
“We are pleased to welcome Keith to Campbell’s Board of Directors as we
continue to take strategic actions to position our company for
profitable growth,” said Les Vinney, Chairman of the Board. “Keith’s
deep experience in the consumer durable goods industry and his track
record of reshaping businesses to respond to consumer needs will be
invaluable to the Board and shareholders.”
McLoughlin graduated from the United States Military Academy at West
Point with a Bachelor of Science in engineering. McLoughlin is a member
of the Board of Directors at Briggs & Stratton Corporation.
With McLoughlin’s election, Campbell’s Board of Directors will consist
of 13 members. Denise M. Morrison, President and Chief Executive
Officer, is the only member of management who sits on the Board.
About Campbell Soup Company
Campbell (NYSE:CPB) is driven and inspired by our Purpose, “Real food
that matters for life’s moments.” We make a range of high-quality soups
and simple meals, beverages, snacks and packaged fresh foods. For
generations, people have trusted Campbell to provide authentic,
flavorful and readily available foods and beverages that connect them to
each other, to warm memories and to what’s important today. Led by our
iconic Campbell’s brand, our portfolio includes Pepperidge
Farm, Bolthouse Farms, Arnott’s, V8, Swanson, Pace, Prego, Plum, Royal
Dansk, Kjeldsens and Garden Fresh Gourmet. Founded in 1869,
Campbell has a heritage of giving back and acting as a good steward of
the planet’s natural resources. The company 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.
To learn more about how we make our food and the choices behind the
ingredients we use, visit www.whatsinmyfood.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160229006821/en/
Source: Campbell Soup Company
Campbell Soup CompanyINVESTOR CONTACT:Ken
Gosnell, 856-342-6081[email protected]orMEDIA
CONTACT:Carla Burigatto, 856-342-3737[email protected]
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