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CAMDEN, N.J. - The Campbell’s Company (NASDAQ:CPB), currently trading below its InvestingPro Fair Value with shares down over 31% year-to-date, announced Thursday the appointment of Kelly L. Palumbo as Senior Vice President, Controller and Chief Accounting Officer, effective Sept. 22, 2025.
Palumbo will succeed Stan Polomski, who is transitioning to a newly created position as Senior Vice President, Business Process Optimization in the company’s Enterprise Transformation Office.
In her new role, Palumbo will lead the corporate controller function and oversee corporate accounting, financial reporting, planning and controls. She will report to Carrie Anderson, Campbell’s Executive Vice President and Chief Financial Officer.
Palumbo brings more than 25 years of financial leadership experience to the position. She currently serves as Vice President, Finance and Corporate Controller at Charles River Laboratories, a position she has held since 2023.
Prior to that, Palumbo spent over two decades at Johnson & Johnson in various senior finance roles, including Vice President of Finance, Transformation and Talent Strategy, and Senior Finance Director for the company’s global beauty and baby portfolios. She began her career at PricewaterhouseCoopers LLP.
Palumbo holds a B.S. degree in accounting from Penn State University and an M.B.A. from Villanova University. She is a Certified Public Accountant.
Polomski, who has served as Campbell’s controller since 2007, will now lead enterprise efforts to drive process effectiveness and efficiency in his new role. He will report to Dan Poland, Chief Enterprise Transformation Officer.
The Campbell’s Company, headquartered in Camden, N.J., reported fiscal 2025 net sales of $10.3 billion across its Meals & Beverages and Snacks divisions, according to the company press release.
In other recent news, Campbell Soup reported its fourth-quarter earnings for 2025, surpassing expectations with an earnings per share (EPS) of $0.62, compared to the anticipated $0.56. Despite this, the company’s revenue slightly missed forecasts, coming in at $2.32 billion against a projected $2.33 billion. Following these results, several financial firms adjusted their price targets for Campbell Soup. CFRA raised its target to $37, citing cost savings, while maintaining a Hold rating. TD Cowen also increased its price target to $31, noting that Campbell’s fiscal year 2026 earnings guidance was "less negative than feared." Bernstein SocGen lifted its price target to $39 and maintained an Outperform rating, highlighting that Campbell’s fourth-quarter results exceeded margin expectations. Piper Sandler reiterated a Neutral rating with a $34 price target, acknowledging Campbell’s tariff mitigation strategies, which are expected to offset 60% of fiscal year 2026 tariff headwinds. These developments reflect a mixed but cautiously optimistic outlook from analysts regarding Campbell Soup’s future performance.
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