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Campbell Elevates Supply Chain, Sales and Corporate Strategy Executives to Leadership Team

CAMDEN, N.J.–(BUSINESS WIRE)–Jun. 15, 2017–
Campbell Soup Company (NYSE: CPB) today announced the
appointments of Bob Furbee, Senior Vice President, Campbell Soup Company
and Senior Vice President, Global Supply Chain; Jim Sterbenz, Senior
Vice President, U.S. Sales; and Emily Waldorf, Vice President, Corporate
Strategy, to Campbell’s Leadership Team. All three positions will report
to Campbell’s President and Chief Executive Officer Denise Morrison.

Morrison said, “As the external operating environment continues to
evolve at a rapid pace, it is critical that we adapt our organization
along with it to realize the potential of our Purpose, ‘Real food that
matters for life’s moments.’ We are elevating these roles in recognition
of the strategic importance they play for our business and our growth
plans. Bob, Jim and Emily are exceptional leaders who have made many
significant contributions to Campbell during their careers. Each brings
a wealth of knowledge and experience to our leadership team.

“Developing our supply chain capabilities for future commerce, unifying
our sales teams across divisions, and leveraging corporate strategy to
identify and act on growth opportunities are key to our strategic
imperatives. The appointments are part of Campbell’s efforts to build
new capabilities, become a more agile and efficient company and deliver
exceptional customer and consumer experiences.”

The appointments are:

  • Bob Furbee, 55, became Senior Vice President, Campbell Soup Company
    and Senior Vice President, Global Supply Chain, effective June 1,
    2017. Under Furbee, Campbell will create an integrated global supply
    chain organization designed to deliver new capabilities and
    efficiencies to drive growth. In his most recent role as Senior Vice
    President, Supply Chain, Americas Simple Meals and Beverages, Furbee
    oversaw all facets of the division’s supply chain organization, in
    addition to global responsibility for operations quality, safety,
    engineering and environmental activities. Furbee was also responsible
    for manufacturing, distribution logistics, procurement and customer
    service for the Americas division. Furbee joined Campbell in 1984 and
    has held various roles of increasing responsibility across
    manufacturing, operations and quality.
  • Jim Sterbenz, 51, will assume the role of Senior Vice President, U.S.
    Sales, effective June 15, 2017. Under Sterbenz, Campbell will create a
    single, integrated U.S. Sales organization for retail sales across all
    of Campbell’s U.S. business units — Americas Simple Meals and
    Beverages, U.S. Biscuits and Bakery and Campbell Fresh. Sterbenz will
    be responsible for driving sales capability, customer focus and joint
    business planning excellence, and will lead industry affairs for the
    company. This will allow Campbell to leverage the full scale of its
    portfolio to deliver exceptional customer service to accelerate
    profitable growth and expand into diversified channels. In his most
    recent role as Senior Vice President, U.S. Retail Sales, Sterbenz was
    responsible for sales strategy and execution for Campbell’s Americas
    Simple Meals and Beverages division. Sterbenz joined Campbell in 2006.
  • Emily Waldorf, 39, is promoted in her role as Vice President,
    Corporate Strategy to the Campbell Leadership Team, effective June 15,
    2017. Waldorf directs enterprise strategy development, planning and
    measurement. She manages key initiatives that span the company and
    also develops comprehensive external development strategies. Waldorf
    joined Campbell in 2012 as Director-Corporate Development, responsible
    for business development and merger and acquisition activity,
    primarily for Campbell’s North American businesses. In this role, she
    helped lead acquisitions in the strategically important health and
    well-being space such as Bolthouse Farms and Plum Organics, as well as
    the sale of Campbell’s European simple meals business. She served as
    Vice President and Chief of Staff-Office of the CEO from 2013 to 2014.
    Previously Waldorf held Corporate Development roles at Discovery
    Communications and AT&T Corp., and served as a Special Advisor at the
    Federal Bureau of Investigation.

About Campbell Soup Company

Campbell (NYSE:CPB) is driven and inspired by our Purpose, “Real food
that matters for life’s moments.” The company makes a range of products
from high-quality soups and simple meals to snacks and healthy
beverages. 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 its iconic Campbell’s brand, the company’s
portfolio includes Pepperidge Farm, Goldfish, Bolthouse
Farms
, V8, Swanson, Prego, Pace, Plum
Organics
, Arnott’s, Tim Tam, Royal Dansk and Kjeldsens.
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.

Source: Campbell Soup Company

Campbell Soup Company
INVESTOR CONTACT:
Ken
Gosnell, 856-342-6081
[email protected]
or
MEDIA
CONTACT:
Carla Burigatto, 856-342-3737
[email protected]