U.S. Markets closed

Campbell Soup creates chief marketing position

CAMDEN, N.J. (AP) -- Campbell Soup Co. on Wednesday named a former executive to the newly created role of chief marketing officer, as the world's biggest soup maker looks to revitalize its brand and connect with younger consumers.

The Camden, N.J.-based company says Michael Senackerib will oversee marketing services, global advertising, design, media, digital marketing and consumer insights. Senackerib had held marketing roles at Campbell's U.S. soup unit between 1992 and 1996.

A company representative was not immediately available to say whether he would be Campbell's first-ever chief marketing officer.

Campbell Soup also noted that Senackerib has led Kraft's $3.8 billion biscuit portfolio as well as Nabisco's $1.2 billion salted snack division. Most recently, he was chief marketing officer at Hertz Corp.

He will report to CEO Denise Morrison.

After years of slowing sales, Campbell Soup this year is rolling out dozens of new products targeted for consumers in their 20s and 30s. Some of the new soups come in plastic pouches that can be microwaved, and new soup flavors include Thai and Moroccan flavors.

Consumption of canned soups has declined in recent years, in part because of the growing availability of fresh soups at supermarkets, delis and restaurants.

Its shares rose 43 cents, or 1.2 percent, to $35.15 in morning trading. They peaked for the past 52 weeks at $36.28 in early September.