News Release

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.

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Source: Campbell Soup Company

Campbell Soup Company
INVESTOR CONTACT:
Ken Gosnell, 856-342-6081
Ken_gosnell@campbellsoup.com
or
MEDIA CONTACT:
Carla Burigatto, 856-342-3737
Carla_burigatto@campbellsoup.com