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Irene Chang Britt Becomes President of Pepperidge Farm

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CAMDEN, N.J.–(BUSINESS WIRE)–Aug. 1, 2012–
Campbell Soup Company (NYSE:CPB) today announced that Irene Chang
Britt, 49, officially takes over as President of Pepperidge Farm as Pat
Callaghan steps down after more than 30 years with the company. Britt
will be based at Pepperidge Farm’s headquarters in Norwalk, Conn. and
will report to Campbell’s President and CEO Denise Morrison.

“I am thrilled to step into my new role as the leader of such a beloved
brand,” Britt said. “Pepperidge Farm’s success has been built on smart
and successful innovation and by thinking in real consumer terms. Thanks
to Pat’s leadership, Pepperidge Farm has become a leader in snacking,
and I’m eager to hit the ground running and to help the team take the
business to the next level.”

In addition to leading Pepperidge Farm, Britt oversees Campbell’s Global
Baking & Snacking businesses. With net sales approaching $2.3 billion
per year, Campbell is the No. 3 global player in the baked snacks
category and also has a high-quality, premium fresh and frozen bakery
business in the U.S.

Morrison said, “Irene has a history of growing brands and businesses
through her focus on consumer needs, marketplace trends and innovation.
I’m confident she will bring a new global perspective and insights to
this business that will lead to continued growth.”

Britt is the first woman to lead Pepperidge Farm since company founder
Margaret Rudkin presided over the business from 1937 to 1966. Pepperidge
Farm was acquired by Campbell in 1961.

Britt became Senior Vice President and Chief Strategy Officer in October
2010 with responsibility for Campbell’s Global Strategy, Global
Marketing Services and Global Consumer and Customer Insights. Prior to
that, Britt served as President-North America Foodservice, leading the
foodservice business and the retail perimeter business across the United
States and Canada. She also served as Vice President and General
Manager-Sauces and Beverages with responsibility for the U.S. Beverage
portfolio and the “Prego” and “Pace” sauces businesses. Under Britt’s
leadership, the Sauces and Beverages business delivered three
consecutive years of top- and bottom-line growth, including consistent
gains of net sales, market share and profit on the company’s U.S.
Beverage business.

Before joining Campbell in 2005, Britt spent eight years with Kraft
Foods, including positions as Senior Vice President and General Manager
of the Salted Snacks division and Post Cereal division. Before that, she
spent 12 years at Kimberly-Clark, where she held marketing positions and
key assignments in sales and research and development.

Britt is a member of the Board of Directors of Sunoco, Inc. She also
serves on the Catalyst Board of Advisors and on the Students In Free
Enterprise (SIFE) U.S. Executive Advisory Board. She earned her Bachelor
of Arts degree from the University of Toronto and her M.B.A. degree from
the Richard Ivey School of Business at the University of Western Ontario.

About Campbell Soup Company

Campbell Soup Company is a global manufacturer and marketer of
high-quality foods and simple meals, including soup and sauces, baked
snacks and healthy beverages. Founded in 1869, the company has a
portfolio of market-leading brands, including “Campbell’s,” “Pepperidge
Farm,” “Arnott’s” and “V8.” 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

Source: Campbell Soup Company

Campbell Soup Company
Anthony Sanzio (Media)
Nan Redmond (Media)
(203) 846-7395

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