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The Campbell’s Company has announced that its CEO and president, Mark Clouse, plans to retire, effective 31 January 2025.
Campbell’s board of directors has elected Mick Beekhuizen to succeed Mark Clouse as president and CEO. Beekhuizen has also been elected a dDrector of the company, both roles effective from 1 February 2025. Until then, Beekhuizen will continue in his role as president of meals and beverages.
Clouse has served as president and chief executive since January 2019 and is leaving his position to become president of the NFL’s Washington Commanders.
Campbell’s chair of the board of directors, Keith McLoughlin, said: “Mark has been a transformational leader for the past six years and has positioned Campbell’s for ongoing success. He has assembled one of the top leadership teams in food and together they have built one of the best portfolios in the industry. We are grateful for Mark’s many contributions, which will have lasting impact on Campbell’s business and culture.”
Since joining Campbell’s in 2019, Clouse has focused on reshaping the company’s portfolio, emphasising category-leading brands and integrating soup into its growth strategy. His tenure has seen efforts to strengthen core capabilities, invest in talent and brands and improve the supply chain. In March, Under Clouse’s leadership, Campbell’s acquired Sovos Brands, which supports its long-term growth objectives.
Clouse commented: “I am immensely proud of what we have accomplished at Campbell's over the last six years. We have built what I believe is the best portfolio in food, and the company has never been better positioned for sustainable growth. The company is in excellent hands with Mick at the helm. I want to thank the entire Campbell's team for their support and commitment to the strategy we have executed together.”
Current CEO Mark Clouse and proposed CEO Mick Beekhuizen (L-R)
New CEO Beekhuizen joined Campbell’s in September 2019 as chief financial officer, and since 2022, has served as president of the company’s $5.3 billion meals and beverages division, playing a key role in the acquisition and integration of Sovos Brands.
McLoughlin added: “The board has had a strong CEO succession process in place for the last several years, and we are fortunate to have a deep bench of talented executives prepared to lead the company as CEO. Mick is a superb leader with a track record of success. The board is confident that he has all the requisite skills and capabilities to continue to drive the strategy that has delivered consistently strong results and created value for shareholders.”
Prior to Campbell, Beekhuizen was EVP and CFO at Chobani (from 2016 to 2019), where he played a key role in its growth and expansion. Earlier in his career, he was a managing director at Goldman Sachs in the merchant banking division.
Beekhuizen commented: “It is a tremendous honour to have been selected by the board to lead this iconic company. I am energised by the opportunity to work with the Campbell’s team to accelerate the successful strategy that has led to our strong business performance and industry-leading employee engagement.”
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