Campbell's President and Chief Executive Officer Douglas R. Conant will continue to serve after his initial contract expires in January.CAMDEN Camden, borough, Greater London, England Camden, inner borough (1991 pop. 170,500) of Greater London, SE England. Within the borough, residential Hampstead is popular with writers and artists. , N.J. -- Campbell Soup Company Campbell Soup Company (NYSE: CPB) (also known as Campbell's) is a well-known American producer of canned soups and related products. Campbell's products are sold in 120 countries around the world. It is headquartered in Camden, New Jersey. (NYSE NYSE See: New York Stock Exchange :CPB CPB see cardiopulmonary bypass. CPB Cardiopulmonary bypass. See Port-Access cardiopulmonary bypass. ) today announced that its Board of Directors and President and Chief Executive Officer Douglas R. Conant have agreed that, following the expiration of his initial employment agreement with the company on January 7, 2006, Conant will continue to serve as President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . The Board and Conant agreed that he will serve at the discretion of the Board, without an employment contract, with his compensation and benefits determined in accordance with the plans and policies approved by the Compensation Committee that are applicable to other senior executives of the company. Conant was elected President and CEO on January 8, 2001. Harvey Golub Harvey Golub is the Chairman of the Board at the Campbell Soup Company as of January 2006. Previous employment
Conant said, "We have made important strides to strengthen Campbell in the workplace with our employees and in the marketplace with our customers and consumers. I look forward to working with the Board and our talented associates to build on our progress and produce sustained, strong business results." Forward Looking Statements This release contains "forward-looking statements" which reflect the company's current expectations about its future plans and performance. These forward-looking statements rely on a number of assumptions and estimates which could be inaccurate and which are subject to risks and uncertainties. Actual results could vary materially from those anticipated or expressed in any forward-looking statement made by the company. Please refer to the company's most recent Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and subsequent filings for a further discussion of these risks and uncertainties. The company disclaims any obligation or intent to update the forward-looking statements in order to reflect events or circumstances after the date of this release. About Campbell Soup Company Campbell Soup Company is a global manufacturer and marketer of high quality soup, sauce, beverage, biscuit, confectionery confectionery, delicacies or sweetmeats that have sugar as a principal ingredient, combined with coloring matter and flavoring and often with fruit or nuts. In the United States it is usually called candy, in Great Britain, sweets or boiled sweets. and prepared food products. The Company is 136 years old, with over $7 billion in annual sales and a portfolio of more than 20 market-leading brands. For more information on the company, visit Campbell's website on the Internet at www.campbellsoupcompany.com. |
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