Campbell Board Elects Marc B. Lautenbach as a Director
CAMDEN, N.J. -- June 16, 2014
Campbell Soup Company (NYSE:CPB) today announced that the company’s Board of
Directors has elected Marc B. Lautenbach as a member of the Board, effective
June 11, 2014.
Lautenbach, 53, has been President and Chief Executive Officer of Pitney
Bowes, Inc. since December 2012. Under his leadership, Pitney Bowes is
diversifying its portfolio beyond its core mailing business and moving into
adjacent growth areas, such as digital commerce.
Before joining Pitney Bowes, Lautenbach spent 27 years in senior leadership
roles at IBM, most recently as the Managing Partner for Global Business
Services in North America. During his tenure at IBM, Lautenbach was
responsible for businesses and customer segments in the United States and
globally, and led operations ranging from infrastructure management to
marketing, sales and product development.
“We are pleased to welcome Marc to Campbell’s Board of Directors as we
continue to reshape the company for accelerated growth,” said Paul R. Charron,
Chairman of the Board. “He is an outstanding leader whose experience
transforming businesses and pioneering new markets will be an asset to the
Board and the shareholders.”
Lautenbach graduated magna cum laude from Denison University, where he was
elected to Phi Beta Kappa, and holds an MBA from the Kellogg School of
Management at Northwestern University. Reflecting his ongoing commitment to
higher education, he serves as a trustee of Denison University, a member of
the President’s Advisory Board at Elon University and an adviser and member of
the Parents’ Council at Wake Forest University. Lautenbach is also on the
board of Catalyst, Inc.
With Lautenbach’s election, Campbell’s Board of Directors will consist of 16
members. Denise M. Morrison, President and Chief Executive Officer, is the
only member of management who sits on the Board.
About Campbell Soup Company
Campbell Soup Company is a manufacturer and marketer of high-quality foods and
simple meals, including soup and sauces, snacks and healthy beverages. Founded
in 1869, the company has a portfolio of market-leading brands, including
“Campbell’s,” “Pepperidge Farm,” “Arnott’s,” “V8,” “Bolthouse Farms,” “Plum
Organics” and “Kjeldsens.” 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 www.campbellsoupcompany.com or follow company news
on Twitter via @CampbellSoupCo.
Campbell Soup Company
Carla Burigatto (Media)
Jennifer Driscoll (Analysts/Investors)
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