CAMDEN, N.J.–(BUSINESS WIRE)–April 26, 2005–Campbell Soup
Company (NYSE:CPB) today announced that its Board of Directors and
President and Chief Executive Officer Douglas R. Conant have agreed
that, following the expiration of his initial employment agreement
with the company on January 7, 2006, Conant will continue to serve as
President and CEO. The Board and Conant agreed that he will serve at
the discretion of the Board, without an employment contract, with his
compensation and benefits determined in accordance with the plans and
policies approved by the Compensation Committee that are applicable to
other senior executives of the company. Conant was elected President
and CEO on January 8, 2001.

Harvey Golub, Campbell’s Chairman, said, “The Board is pleased
with the progress that Doug has made in improving the competitiveness
of the company and building a strong management team. We endorse
Doug’s leadership and support the strategies his team has developed to
deliver long-term value to shareowners. We look forward to continuing
to work with Doug as he implements Campbell’s plans to drive quality
growth.”

Conant said, “We have made important strides to strengthen
Campbell in the workplace with our employees and in the marketplace
with our customers and consumers. I look forward to working with the
Board and our talented associates to build on our progress and produce
sustained, strong business results.”

Forward Looking Statements

This release contains “forward-looking statements” which reflect
the company’s current expectations about its future plans and
performance. These forward-looking statements rely on a number of
assumptions and estimates which could be inaccurate and which are
subject to risks and uncertainties. Actual results could vary
materially from those anticipated or expressed in any forward-looking
statement made by the company. Please refer to the company’s most
recent Form 10-K and subsequent filings for a further discussion of
these risks and uncertainties. The company disclaims any obligation or
intent to update the forward-looking statements in order to reflect
events or circumstances after the date of this release.

About Campbell Soup Company

Campbell Soup Company is a global manufacturer and marketer of
high quality soup, sauce, beverage, biscuit, confectionery and
prepared food products. The Company is 136 years old, with over $7
billion in annual sales and a portfolio of more than 20 market-leading
brands. For more information on the company, visit Campbell’s website
on the Internet at www.campbellsoupcompany.com.

    CONTACT: Campbell Soup Company
             Jerry S. Buckley (Media), 856-342-6007
             Leonard F. Griehs (Analysts), 856-342-6428

    SOURCE: Campbell Soup Company

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