Campbell Soup Company has announced that its president of Campbell Snacks, Carlos Abrams-Rivera, will step down from his position, effective from 1 February 2020.
The company has launched a search for a successor for the president of Campbell’s snack unit.
Abrams-Rivera will leave his role to accept a position at another corporation but will continue to lead the snacks division through the end of the company’s fiscal second quarter.
Prior to his role as president of Campbell Snacks, Abrams-Rivera was president of Campbell-owned commercial bakery Pepperidge Farm for three years. Before joining Campbell’s, he worked at Mondelēz International as president of its Latin American candy and gum unit and as president of several snack brands for Kraft Foods Group.
Following Abrams-Rivera’s exit, Mark Clouse, president and CEO of Campbell’s, will take over until a new leader is in place.
Clouse said: “We are confident that we will attract a world-class executive to lead our talented snacks management team and continue to grow this differentiated portfolio of brands.
“We thank Carlos for his significant contributions during his five years at Campbell.”
In August last year, Campbell’s agreed to sell its Australian snacks unit Arnott’s and some of its international operations to investment firm KKR for $2.2 billion. The deal was completed on 23 December 2019.
With this transaction, Campbell’s has now completed the sell of its entire Campbell International business, for an aggregate price of approximately $2.5 billion.
In the same month, the company also appointed former Chobani executive Mick Beekhuizen as its new senior vice-president and chief financial officer (CFO), which went into effect from 30 September 2019.
© FoodBev Media Ltd 2019