Campbell Soup names Marc B. Lautenbach as new member of its board of directors

Jennifer Nguyen

CAMDEN, New Jersey , June 16, 2014 (press release) – Campbell Soup Company (CPB) today announced that the company’s Board of Directors has elected Marc B. Lautenbach as a member of the Board, effective June 11, 2014.

Lautenbach, 53, has been President and Chief Executive Officer of Pitney Bowes, Inc. since December 2012. Under his leadership, Pitney Bowes is diversifying its portfolio beyond its core mailing business and moving into adjacent growth areas, such as digital commerce.

Before joining Pitney Bowes, Lautenbach spent 27 years in senior leadership roles at IBM, most recently as the Managing Partner for Global Business Services in North America. During his tenure at IBM, Lautenbach was responsible for businesses and customer segments in the United States and globally, and led operations ranging from infrastructure management to marketing, sales and product development.

“We are pleased to welcome Marc to Campbell’s Board of Directors as we continue to reshape the company for accelerated growth,” said Paul R. Charron, Chairman of the Board. “He is an outstanding leader whose experience transforming businesses and pioneering new markets will be an asset to the Board and the shareholders.”

Lautenbach graduated magna cum laude from Denison University, where he was elected to Phi Beta Kappa, and holds an MBA from the Kellogg School of Management at Northwestern University. Reflecting his ongoing commitment to higher education, he serves as a trustee of Denison University, a member of the President’s Advisory Board at Elon University and an adviser and member of the Parents’ Council at Wake Forest University. Lautenbach is also on the board of Catalyst, Inc.

With Lautenbach’s election, Campbell’s Board of Directors will consist of 16 members. Denise M. Morrison, President and Chief Executive Officer, is the only member of management who sits on the Board.

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.

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