Shareholders Overwhelmingly Approve the Change in Company Name to The Campbell's Company at Annual Meeting
November 19 2024 - 8:57AM
Business Wire
New name reflects transformed portfolio and
honors company’s 155-year history
Today, shareholders approved the change of the company’s
official name from Campbell Soup Company to The Campbell’s Company
(NASDAQ:CPB) (Campbell’s). The change reflects the company’s broad
portfolio of leadership brands, from Campbell’s soup to Goldfish
crackers and Rao’s pasta sauce. The new name will be effective
following the filing of an amendment to the company’s certificate
of incorporation with the state of New Jersey.
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“This subtle yet important change allows us to retain the iconic
name recognition, reputation and equity we have built over 155
years while reflecting the full breadth of our portfolio—which I
believe is the best in all of food,” said Mark Clouse, President
and Chief Executive Officer, The Campbell’s Company. “As The
Campbell’s Company, we will build on our legacy of quality and
innovation, while continuing to grow and meet the evolving needs of
consumers.”
Clouse continued, “We love soup and always will. The iconic red
and white Campbell’s soup labels that consumers love will be on
shelves forever.”
The company’s portfolio includes three $1 billion brands:
Campbell's, Goldfish and Pepperidge Farm, with a fourth on the
horizon in Rao’s. The company’s other leadership brands include
Cape Cod, Chunky, Kettle Brand, Lance, Late July, Pace, Pacific
Foods, Prego, Snack Factory Pretzel Crisps, Snyder’s of Hanover,
Swanson and V8.
The change to the corporate name was first discussed at
Campbell’s Fiscal 2025 Investor Day in September 2024 where the
company outlined a new strategy and mission to set the standard for
performance in the food industry.
The change does not impact the Campbell’s soup brand or
packaging.
About Campbell’s
For 155 years, Campbell’s (NASDAQ:CPB) has been connecting
people through food they love. Headquartered in Camden, N.J. since
1869, generations of consumers have trusted us to provide delicious
and affordable food and beverages. Today, the company is a North
American focused brand powerhouse, generating fiscal 2024 net sales
of $9.6 billion across two divisions: Meals & Beverages and
Snacks. Our portfolio of 16 leadership brands includes Campbell’s,
Cape Cod, Chunky, Goldfish, Kettle Brand, Lance, Late July, Pace,
Pacific Foods, Pepperidge Farm, Prego, Rao’s, Snack Factory Pretzel
Crisps, Snyder’s of Hanover, Swanson and V8. For more information,
visit our website.
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version on businesswire.com: https://www.businesswire.com/news/home/20241118626807/en/
INVESTORS: Rebecca Gardy (856)
342-6081 Rebecca_Gardy@campbells.com
MEDIA: James Regan (856) 219-6409
James_Regan@campbells.com
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