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Campbell Board Elects Marc B. Lautenbach as a Director

Press Releases

CAMDEN, N.J.–(BUSINESS WIRE)–Jun. 16, 2014–
Campbell Soup Company (NYSE:CPB) today announced that the
company’s Board of Directors has elected Marc B. Lautenbach as a member
of the Board, effective June 11, 2014.

Lautenbach, 53, has been President and Chief Executive Officer of Pitney
Bowes, Inc. since December 2012. Under his leadership, Pitney Bowes is
diversifying its portfolio beyond its core mailing business and moving
into adjacent growth areas, such as digital commerce.

Before joining Pitney Bowes, Lautenbach spent 27 years in senior
leadership roles at IBM, most recently as the Managing Partner for
Global Business Services in North America. During his tenure at IBM,
Lautenbach was responsible for businesses and customer segments in the
United States and globally, and led operations ranging from
infrastructure management to marketing, sales and product development.

“We are pleased to welcome Marc to Campbell’s Board of Directors as we
continue to reshape the company for accelerated growth,” said Paul R.
Charron, Chairman of the Board. “He is an outstanding leader whose
experience transforming businesses and pioneering new markets will be an
asset to the Board and the shareholders.”

Lautenbach graduated magna cum laude from Denison University, where he
was elected to Phi Beta Kappa, and holds an MBA from the Kellogg School
of Management at Northwestern University. Reflecting his ongoing
commitment to higher education, he serves as a trustee of Denison
University, a member of the President’s Advisory Board at Elon
University and an adviser and member of the Parents’ Council at Wake
Forest University. Lautenbach is also on the board of Catalyst, Inc.

With Lautenbach’s election, Campbell’s Board of Directors will consist
of 16 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 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
or follow company news on Twitter via @CampbellSoupCo.

Source: Campbell Soup Company

Campbell Soup Company
Carla Burigatto (Media)
Driscoll (Analysts/Investors)

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