Campbell Soup names industry veteran Mark Clouse as new CEO

Go back to Campbell Soup names industry veteran Mark Clouse as new CEO

ConAgra (CAG) PT Lowered to $39 at RBC Capital; Sees Stock as Major Value Play

December 21, 2018 8:55 AM EST

RBC Capital analyst David Palmer lowered the price target on ConAgra (NYSE: CAG) to $39.00 (from $43.00) while maintaining a Outperform rating.

Palmer notes "since the announced Pinnacle Foods acquisition on June 27, Conagra's stock is down 38% and its total enterprise value has declined 20%... More

Campbell Soup (CPB) Names Mark A. Clouse President, CEO and Director

December 20, 2018 5:21 PM EST

Campbell Soup Company (NYSE: CPB) today announced that its Board of Directors has elected Mark A. Clouse, 50, as President and CEO of Campbell effective Jan. 22, 2019. Clouse, who previously served as CEO of Pinnacle Foods, Inc., will succeed Campbells interim President and CEO Keith McLoughlin, who will remain a Director of the company and will work closely with Clouse to ensure a seamless transition. Clouse also has been elected a Director.

Clouse brings more than 20 years of experience in the food industry, holding senior management positions at leading companies with iconic center-store brands,... More