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Campbell Soup Slips as CEO Unexpectedly Retires

Kinsey Grant

Chief Executive Officer Denise Morrison retired unexpectedly Friday, May 18. Morrison, who took the helm at Campbell in August 2011, will step down immediately and will be replaced by board member Keith McLoughlin as interim CEO, Campbell said in an earnings release Friday morning. Morrison had spent more than eight years at Campbell before she became its CEO, but her tactics have come under fire in recent years as the company has failed to turnaround its cornerstone soup business.