Business

Campbell’s CEO steps down as soupmaker ponders brand sales

By Joe Williams, James Langford
Published May 18, 2018 1:41pm ET
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Campbell’s CEO steps down as soupmaker ponders brand sales
In this Wednesday, Jan. 8, 2014, photo, cans of Campbell's soup are photographed in Washington. Campbell Soup reported a higher quarterly profit on Friday, Feb. 14, 2014, as U.S. soup sales rose 5 percent. (AP Photo/J. David Ake) | J. David Ake

Chief Executive Officer Denise Morrison abruptly stepped down from Campbell’s Soup Co. on Friday as the foodmaker ponders reshaping its brand portfolio after the $6.1 billion purchase of snack-maker Lance-Snyder.

Board member Keith McLoughlin, the former head of home-appliance manufacturer Electrolux, will service as interim CEO while Campbell’s seeks a permanent successor for Morrison, the Camden, N.J.-based company said.

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