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Campbell Soup Searching for New Snacks Division Leader
January 8, 2020
3 Min Read
Campbell Soup's Snacks division produces Goldfish crackers, Milano cookies, and other well-known brands. Image courtesy of Pixabay
American food and beverages manufacturer Campbell Soup Company recently initiated a search for a new president for its Snacks division after Carlos Abrams-Rivera announced plans to step down from the role, a company press release announced Tuesday.
Abrams-Rivera will serve as the leader of the division until February 1, when he will leave Campbell’s for a position at another company. He will remain in charge of Campbell Snacks through the firm’s second fiscal quarter. Campbell Chief Executive Officer and President Mark Clouse will be in charge of the Snacks division until a suitable candidate appointed.
The division brought in $3.8 million in net sales during FY2019. Its portfolio includes a number of well-known brands, including Goldfish, Milano, Snyder’s of Hanover, Kettle, Cape Cod, and Late July.
Campbell’s shed some of its snack related assets last year. In October, the firm closed the sale of its European chips business to Valeo Foods. The company sold some of its APAC snack brands and production plants in Australia, Indonesia, and Malaysia to investment firm KKR for $2.2 billion in August.
Mark Clouse, who formerly served as chief executive officer of Pinnacle Foods, was named chief executive officer of Campbell Soup in early 2019.
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