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Paul Charron to Become Chairman of Campbell’s Board of Directors, Succeeding Harvey Golub

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CAMDEN, N.J.–(BUSINESS WIRE)–Jan. 26, 2009–Campbell Soup Company (NYSE:CPB) announced today that its Board of
Directors has elected Paul Charron to succeed Harvey Golub as Chairman
of the Board, effective in August 2009, the beginning of the company’s
next fiscal year.

Charron, 66, has been a director of Campbell since 2003. He was Chairman
and Chief Executive Officer of Liz Claiborne Inc. from 1996 until his
retirement in 2006, and held positions at Procter and Gamble and General
Foods earlier in his career. Charron is currently a senior advisor at
Warburg Pincus, a private equity firm, and a managing partner of Fidus
Investment Partners.

Golub, 69, joined the Campbell Board in 1996, and has served as Chairman
since 2004. From 1993 to 2001, he was Chairman and Chief Executive
Officer of American Express Company. Since 2006, he has been executive
chairman of Ripplewood Holdings LLC, a private equity firm.

Commenting on Charron’s election, Golub said, “Paul Charron is an
outstanding business leader who has made valuable contributions to our
Board during the past six years. His strategic insight, international
perspective and consumer focus are important assets for the Board, the
company and the shareowners.”

Charron commented, “I am delighted to have the opportunity to lead the
Campbell Board, whose longstanding reputation for excellence in
corporate governance is well deserved. It will be a privilege to succeed
Harvey Golub, a superb Chairman, in this role. I look forward to working
with Doug Conant and his talented management team.”

Douglas R. Conant, Campbell’s President and Chief Executive Officer,
added, “Harvey Golub’s strong leadership and incisive strategic counsel
during his tenure as our Chairman have been instrumental to our success
in advancing Campbell’s mission to become the world’s most extraordinary
food company. I am profoundly grateful for Harvey’s advice and
partnership during the past five years. We are extremely fortunate to
have Paul Charron, a wise advisor and skillful business leader, to
succeed him. I look forward to working with Paul as Chairman as we
continue to pursue this exciting journey.”

About Campbell Soup Company

Campbell Soup Company is a global manufacturer and marketer of
high-quality foods and simple meals, including soup, 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.” For more information on the company, visit
Campbell’s website at

    CONTACT: Campbell Soup Company
             Anthony Sanzio (Media)
             Leonard F. Griehs (Analysts)

    Source: Campbell Soup Company
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