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CAMDEN, N.J. - The Campbell’s Company (NASDAQ:CPB), currently trading near its 52-week low with a market capitalization of $11.25 billion, today unveiled significant changes in its senior management, appointing Elizabeth Duggan as President of its Snacks division and Janda Lukin as Chief Growth Officer. These strategic moves aim to bolster the company’s growth trajectory and enhance its competitive edge in the food industry. According to InvestingPro analysis, Campbell’s stock appears undervalued based on its Fair Value assessment.
Elizabeth Duggan, who has been serving as Senior Vice President and General Manager of Campbell’s Canada, will assume her new role on May 12, 2025, taking the helm of the Snacks division. Her responsibilities will include driving long-term growth and margin expansion, leveraging the division’s strong brand portfolio and innovation pipeline. Duggan’s successful track record in leading Campbell’s Canadian operations, marked by significant revenue and earnings growth, positions her well for this new challenge.
Janda Lukin’s appointment as Chief Growth Officer, effective June 2, 2025, marks the creation of a new role within the company. Lukin, previously Senior Vice President and Chief Marketing Officer, Snacks, will spearhead enterprise-wide growth strategies and commercial capabilities enhancement. Her extensive experience in the food industry and a history of driving brand growth at Campbell’s are expected to be instrumental in her new role.
Both Duggan and Lukin will report to Campbell’s President and CEO Mick Beekhuizen and will join the company’s Operating Committee and Corporate Officers.
The transition will also see Chris Foley, the current President of Snacks, depart from the company in July 2025 after a 25-year tenure. Foley’s leadership has been credited with significant contributions to Campbell’s success, and his departure is noted with gratitude for his service and best wishes for his future endeavors.
These leadership changes come as part of Campbell’s strategic efforts to strengthen its market position and continue its growth momentum. The company, with a history spanning 155 years and maintaining dividend payments for 55 consecutive years, remains a major player in the North American food sector. With a current dividend yield of 4.01% and impressive revenue growth of 9.15% over the last twelve months, Campbell’s boasts a portfolio of 16 leadership brands and generated net sales of $9.6 billion in fiscal 2024. InvestingPro subscribers can access detailed financial analysis and additional insights through the comprehensive Pro Research Report, which provides deep-dive analysis of Campbell’s performance metrics and growth potential.
The information for this article is based on a press release statement from The Campbell’s Company.
In other recent news, Campbell’s Company reported net sales of $9.6 billion for fiscal 2024, highlighting the performance of its Meals & Beverages and Snacks divisions. The company has appointed Aaron Gwinner as the new Senior Vice President and Chief Digital & Technology Officer, effective April 14, 2025, to drive digital transformation and growth. Analysts have also been adjusting their outlooks for Campbell Soup. Bernstein recently lowered its price target for the company’s shares to $47, maintaining an Outperform rating, due to potential challenges from new tariffs on imports to the United States. Morgan Stanley initiated coverage with an Equalweight rating and a $40 price target, citing the company’s portfolio transformation and the momentum of the recently acquired Rao’s brand as factors for potential long-term growth. Meanwhile, DA Davidson cut its price target to $39 from $46, maintaining a Neutral stance, and noted ongoing challenges in Campbell Soup’s Snacks division and broader industry volatility. These recent developments reflect the dynamic environment Campbell’s is navigating, with attention on both its strategic initiatives and external market factors.
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