Campbell's Co. Names New CEO and CFO

TL;DR

Campbell's just swapped CEOs and CFOs, effective immediately.

AI Summary

On July 17, 2025, The Campbell's Company announced changes in its executive leadership. Mark A. Clouse has stepped down as Chief Executive Officer and will be succeeded by Christopher D. Nash. Additionally, Sarah J. Hoffman has been appointed as the new Chief Financial Officer, replacing Robert B. Morrison. These changes are effective immediately.

Why It Matters

This filing indicates significant leadership changes at The Campbell's Company, which could impact the company's strategic direction and financial performance.

Risk Assessment

Risk Level: medium — Leadership changes, especially at the CEO and CFO level, can introduce uncertainty and signal shifts in strategy, potentially affecting investor confidence.

Key Players & Entities

• The Campbell's Company (company) — Filer
• Mark A. Clouse (person) — Outgoing CEO
• Christopher D. Nash (person) — Incoming CEO
• Sarah J. Hoffman (person) — Incoming CFO
• Robert B. Morrison (person) — Outgoing CFO
• July 17, 2025 (date) — Effective date of changes

FAQ

From the Filing

0000016732-25-000101.txt : 20250718 0000016732-25-000101.hdr.sgml : 20250718 20250718160721 ACCESSION NUMBER: 0000016732-25-000101 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20250717 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20250718 DATE AS OF CHANGE: 20250718 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CAMPBELL'S Co CENTRAL INDEX KEY: 0000016732 STANDARD INDUSTRIAL CLASSIFICATION: FOOD & KINDRED PRODUCTS [2000] ORGANIZATION NAME: 04 Manufacturing EIN: 210419870 STATE OF INCORPORATION: NJ FISCAL YEAR END: 0803 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-03822 FILM NUMBER: 251134583 BUSINESS ADDRESS: STREET 1: CAMPBELL PL CITY: CAMDEN STATE: NJ ZIP: 08103 BUSINESS PHONE: 8563424800 MAIL ADDRESS: STREET 1: CAMPBELL PL CITY: CAMDEN STATE: NJ ZIP: 08103 FORMER COMPANY: FORMER CONFORMED NAME: CAMPBELL SOUP CO DATE OF NAME CHANGE: 19920703 8-K 1 cpb-20250717.htm 8-K cpb-20250717 0000016732 false 0000016732 2025-07-17 2025-07-17 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported): July 17, 2025 THE CAMPBELL'S COMPANY New Jersey 1-3822 21-0419870 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) One Campbell Place Camden , New Jersey 08103 -1799 Principal Executive Offices Telephone Number: ( 856 )  342-4800 Not Applicable (Former name or former address, if changed since last report.) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Capital Stock, par value $.0375 CPB The Nasdaq Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Item 5.02 – Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On July 17, 2025, the Board of Directors (the “Board”) of The Campbell’s Company (the “Company”) elected Mary Alice Dorrance Malone, Jr. as a director. Ms. Malone, Jr. will serve for an initial term to expire concurrently with terms of the other members of the Board at the Company’s 2025 annual meeting of shareholders and until her successor is elected and qualified. Additionally, Ms. Malone, Jr. was appointed to the Compensation and Organization Committee and the Finance and Corporate Development Committee, effective as of the same date. Ms. Malone, Jr. will be paid a pro-rated Board retainer in accordance with the Company’s 2025 non-employee director compensation program, described in Exhibit 10.4 to the Company&