Campbell Soup names new CEO, Third Point supports decision


Campbell Soup Co. has named Mark Clouse, the former CEO of Pinnacle Foods, as its new chief executive.

Activist investor Dan Loeb, whose hedge fund recently concluded a contentious proxy battle against the Campbell Soup board, assisted with the CEO search and “fully supports” Clouse, Campbell said.

Les Vinney, chairman of the Campbell Soup board, praised Clouse in a prepared statement:

Shares in Pinnacle Foods surged 54 percent during Clouse's tenure as CEO, widely outperforming other…

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