B. Craig Owens to Retire from Campbell on May 1, 2014; Anthony P. DiSilvestro to Succeed Owens as Chief Financial Officer

Business Wire

CAMDEN, N.J.--(BUSINESS WIRE)--

Campbell Soup Company (CPB) today announced that B. Craig Owens, 59, Chief Financial Officer and Chief Administrative Officer since 2008, has informed the company of his decision to retire on May 1, 2014. Anthony P. DiSilvestro, 55, Senior Vice President – Finance, has been appointed to succeed Owens as Senior Vice President and Chief Financial Officer, effective on that date.

Denise Morrison, Campbell’s President and Chief Executive Officer, said, “During his five years of outstanding service to Campbell, Craig has provided strong strategic leadership of our company’s Finance, Supply Chain and Information Technology organizations. Craig’s insight, expertise and consummate integrity have earned the respect and trust of his colleagues on Campbell’s Leadership Team, as well as the company’s investors and the financial community. Craig has been an invaluable partner to me in the development of a new strategic framework for Campbell and the reshaping of our portfolio, including our expansion into faster-growing categories and geographies. I am deeply grateful for his contributions to our company, and I wish him and his family much happiness in the future.”

Since joining Campbell in 1996, DiSilvestro has held a wide range of senior roles in the Finance organization and in the company’s principal business divisions, including Treasurer; Controller; Vice President – Finance for Campbell North America; Vice President – Corporate Development and Strategic Planning; and Vice President and Managing Director of Campbell International. In his current position as Senior Vice President – Finance, DiSilvestro oversees the Controller’s function and Financial Planning and Analysis, and he also serves as the senior financial officer for Campbell North America, the company’s largest division. Working closely with Mark Alexander, President – Campbell North America, DiSilvestro has played a key role in restoring the company’s North American soup and simple meals business to profitable growth.

“The Board of Directors and I are delighted that Anthony will be the company’s next Chief Financial Officer,” said Morrison. “In the course of his long and distinguished career at Campbell, he has acquired a matchless command of our business and the dynamics of our industry. Anthony will bring to his new role all of the benefits of his broad experience, exceptional financial acumen, strategic judgment, impeccable integrity and an unwavering commitment to the company’s success. I look forward to working closely with him to continue to drive Campbell’s growth and build an exciting future for our company and its shareholders.”

DiSilvestro earned a Bachelor of Arts in economics from Dartmouth College and a Master of Business Administration from the Wharton School of Business at the University of Pennsylvania. Before joining Campbell, he served in various senior financial roles at Scott Paper Company and as Chief Financial Officer of Mölnlycke A.B. Health Care.

About Campbell Soup Company

Campbell Soup Company is a manufacturer and marketer of high-quality foods and simple meals, including soup and sauces, snacks and healthy beverages. Founded in 1869, the company has a portfolio of market-leading brands, including “Campbell’s,” “Pepperidge Farm,” “Arnott’s,” “V8,” “Bolthouse Farms,” “Plum Organics” and “Kjeldsens.” Through its corporate social responsibility program, the company strives to make a positive impact in the workplace, in the marketplace and in the communities in which it operates. Campbell is a member of the Standard & Poor’s 500 and the Dow Jones Sustainability Indexes. For more information, visit www.campbellsoupcompany.com or follow company news on Twitter via @CampbellSoupCo.

Contact:
Campbell Soup Company
Carla Burigatto (Media)
856-342-3737
or
Jennifer Driscoll (Analysts/Investors)
856-342-6081

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