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Diving Briefs:
Dive Insights:
Two months after Beekhuizen played the best role in the V8, PepperIdge Farm and Pacific Foods Maker, the latest promotion is evidence that senior executives are doing their best to create growth. Industrial challenges were spent due to inflation and consumer uncertainty.
If you appoint two veterans with a wide range of experiences in the food space, you will provide a pair of leaders who know the company’s company with CAMPBELL’s company. They will also be familiar with Beekhuizen and 156 -year -old business.
DUGGAN, who joined Campbell in 2019, will supervise the long -term growth and margin expansion of the snack department. Previously, she was the chief vice president and general manager of CAMPBELL ‘S Company of Canada.
Lucin, meanwhile, was described by Campbell’s “proven business leader and growth -oriented marketing manager.” Since joining the company in 2016, she has returned to the soup business and has increased the innovation rate of snacks. Previously, Campbell had spent 14 years in Mondelēz International and supervised Oreo and chips! business.
Beekhuizen said, “Elizabeth and Janda have played a pivotal role in changing CAMPBELL in the past few years.” They are the right leaders who can lead our strategy and bring our achievements to the next level. “
CAMPBELL ‘S has a powerful portfolio, but management is facing challenging consumer environment.
Last month, CAMPBELL lowered its predictions and predicted net sales. 8% increase from 6% this year,,, Instead of 9% ~ 11%. Organic sales forecasts are also flat or down to 2%. In the previous company, the company predicted that sales were not changed or increased by 2%.
Beekhuizen pointed out that Campbell is dealing with. “Soft” in some snack categoriesMost notable cookies and crackers.
Robert Moskow, an analyst at TD COWEN, said in March’s research in CAMPBELL, saying that stocks are higher in diversifying snacks and premium pasta sauce. Acquisition in March 2024. He added that the competition and expansion of GLP-1 usage is “a headwind for snacks.”