Ed Carolan Appointed President of C-Fresh,
Succeeding Jeff Dunn Who Departs to Become CEO of Juicero
Bethmara Kessler Appointed Senior Vice
President of IGS
Campbell Soup Company (NYSE:CPB) today announced the
appointment of Ed Carolan as President – Campbell Fresh (C-Fresh).
Carolan, 47, will lead the division that includes Bolthouse Farms
beverages, salad dressings and carrots, Garden Fresh Gourmet salsa,
hummus and dips, and fresh soup, which combined account for
approximately $1 billion in net sales.
Carolan will succeed Jeff Dunn, who is leaving Campbell to
become Chief Executive Officer of Juicero, Inc., the San
Francisco-based startup that recently launched the first
professional-quality, connected countertop cold-press juicer.
Campbell has invested $13.5 million in Juicero, which is focused on
inventing products, services and experiences that help people
consume more fresh fruits and vegetables.
Dunn also will remain involved in Acre Venture Partners, the
independent venture capital operation to which Campbell committed
$125 million in 2016, as a venture partner. Additionally, Campbell
will retain its seat on Acre’s investment committee, as well as its
board observer seat at Juicero. Both positions will be held by Adam
Ciongoli, Campbell’s General Counsel.
Commenting on Dunn’s departure, Campbell’s President and Chief
Executive Officer Denise Morrison said, “Jeff has made important
contributions to Campbell during his time with the company. We wish
him well as he embarks on a new and exciting chapter of his career,
and I look forward to continuing to collaborate with him through
Acre Venture Partners and in his new role at Juicero.”
Carolan and Dunn will work together to manage the transition
over the next several weeks.
Commenting on Carolan’s appointment, Morrison said, “Ed is an
excellent leader who has played a critical role as we pursue
Campbell’s strategic imperatives and transform the way we work. He
brings both strategic insights and deep experience as a hands-on
operator with a long track record of delivering outstanding
business results. In his new role, he will be supported by a strong
and seasoned leadership team at C-Fresh. I am confident that Ed and
the team will continue to expand our presence in the faster-growing
packaged fresh category.”
Carolan joined Campbell in 2001 and has successfully led several
significant businesses and functions. Most recently, he served as
President of Integrated Global Services (IGS). Formed in January
2015, IGS is Campbell’s global shared services organization focused
on building enterprise capabilities while lowering costs. In that
role, Carolan created and implemented a business model designed to
unlock value for the company, build new capabilities and deliver
faster and more efficient services. Under Carolan’s leadership, IGS
drove cost savings that contributed to the company’s gross margin
expansion and record cash flow from operations in fiscal 2016.
Earlier in his career, as President, U.S. Retail, Carolan was
responsible for Campbell’s $3.6 billion U.S. Soup, Sauces and
Beverages business. He also led the U.S. Soup and Simple Meals
business for Campbell, where he drove five consecutive quarters of
growth in U.S. soup, including 5 percent growth in fiscal 2013.
Previously, he served as General Manager – Pepperidge Farm Snacks
Division, leading the crackers and cookies business, where he
accelerated growth behind Goldfish crackers. From 2006 to
2009, he was General Manager of Campbell’s StockPot® fresh soup and
North America Foodservice businesses.
Before joining Campbell, Carolan spent five years in brand
management at Procter & Gamble. He earned a Bachelor of Science
degree in electrical engineering from the Georgia Institute of
Technology and a Master of Business Administration from Harvard
Business School.
Kessler To Lead IGS
Bethmara Kessler, previously Vice President, Corporate Audit,
was named Senior Vice President of IGS, succeeding
Carolan. Kessler will join Campbell’s Leadership Team and will
become a corporate officer.
Kessler joined Campbell as Vice President, Corporate Audit in
2014 from Warner Music Group, where she had served as Senior Vice
President, Internal Audit, and Co-Chief Compliance
Officer. Before that, she co-founded and worked for the Fraud
and Risk Advisory Group, a consulting firm. Earlier in her
career, she served on the executive leadership team at Limited
Brands. She also played a key role in helping implement the
company's shared services processes and capabilities.
Kessler earned a Bachelor of Business Administration degree in
accounting from Baruch College of the City University of New
York. She is a certified fraud examiner and a certified
information systems auditor. She is a member of the
Association of Fraud Examiners, Institute of Internal Auditors and
Information Systems Audit & Control Association.
Morrison said, “IGS is a critical part of our efforts to build
capabilities and reduce costs to unlock the growth potential of our
business. Bethmara is a strong leader with experience in running a
shared services organization and implementing enterprise processes
that deliver results. Her wealth of experience in strengthening
capabilities, fostering talent and leading teams will be an asset
to Campbell as she leads IGS to help accelerate our
performance.”
The positions are effective Nov.1, 2016.
About Campbell Soup Company
Campbell (NYSE:CPB) is driven and inspired by our Purpose, “Real
food that matters for life’s moments.” We make a range of
high-quality soups and simple meals, beverages, snacks and packaged
fresh foods. 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 our iconic Campbell’s brand, our
portfolio includes Pepperidge Farm, Bolthouse Farms, Arnott’s, V8,
Swanson, Pace, Prego, Plum, Royal Dansk, Kjeldsens and Garden Fresh
Gourmet. 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. To learn more about how we make our food and the
choices behind the ingredients we use, visit
www.whatsinmyfood.com.
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