Campbell Soup (CPB) Announces Resignation of Bennett Dorrance from Board

Campbell Soup Company (NYSE: CPB) announced today that Bennett Dorrance has decided to retire from the company’s Board of Directors.

Dorrance is the longest-serving member of Campbell’s Board of Directors with 33 years of service. He was elected to the Board in 1989, was Vice-Chairman from 1993-1996 and has served with distinction on all the Board’s standing committees. Most recently, Dorrance was a member of the Board’s Compensation and Organization, and Governance committees.

“Since joining the Board, Bennett has helped to grow and protect Campbell’s legacy and guide management through many chapters,” said Keith R. McLoughlin, Chair of the Board. “On behalf of Campbell and my fellow board members, we thank him for his many contributions to the company and wish him and his family the very best in his retirement.”

Bennett Dorrance is the grandson of Dr. John T. Dorrance, the inventor of condensed soup and President of the company from 1914-1930, and the son of John T. Dorrance Jr., a former Chair of the company from 1962-1984. As a major shareholder, Dorrance has provided extensive knowledge of Campbell’s history, organization and culture to his work on the Board. As the managing director and co-founder of the real estate development firm DMB Associates, Dorrance also provided business, entrepreneurial and operational expertise.

Mark Clouse, Campbell’s President and Chief Executive Officer added, “Bennett’s commitment to Campbell’s heritage, to our purpose and values, and to our iconic brands has been extraordinary. As a long-term shareholder, Bennett has been dedicated to the success of the business and continuing the legacy of his grandfather and father as a steward of Campbell’s long-term interests. His positive impact on the company will last far beyond his tenure on the Board. We wish him and his family a healthy and happy retirement.”

You May Also Be Interested In

• Immunome Inc. (IMNM) Appoints Sandra M. Swain to its Board
• Roper's (ROP) iPipeline Appoints Adam Boone as CFO
• loanDepot (LDI) Appoints Jeff Wilkish as Regional VP for New England