CAMPBELL REALIGNS MANAGEMENT STRUCTURE

Marketing Duties Fall to Three New General Managers

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NEW YORK (AdAge.com) -- In a continued realignment of its organizational structure, Campbell Soup Co. has eliminated the position of president for its U.S. soup division and named three new general managers that will oversee marketing for Campbell's food and beverage brands.

11-year veteran
The soup division's president, Jeremy Fingerman,

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left Campbell March 31 after 11 years with the company, the last four of them heading up the company's efforts to revitalize its ailing soup business with innovations including improved product quality, pop-top packaging and a microwaveable offering, Soup at Hand.

"I think he did about all he could do," said Neuberger Berman analyst Bill Leach. Mr. Leach noted that Campbell's soup sales have been erratic, especially as it continues to battle against General Mills' Progresso, but the most recent second quarter ended in January showed soup volume growth of 6%.

Mr. Fingerman's departure is part of a new organizational structure intended to streamline decision-making that Campbell announced in February. As part of that structure, Campbell combined its U.S. soup, sauces, beverages and prepared foods into one division headed by Mark Sarvary. Larry McWilliams, former president of North America Soup, was named president of U.S. soup, sauces and beverages.

General managers
The next phase in the realignment was announced internally March 26, with Diane Teer named vice president and general manager of beverages; Lynn Ambrosia named vice president and general manager of sauces and meal preparation; and Sean Connelly named vice president and general manager of soup and meal consumption.

A Campbell spokesman said the company is still in the process of realigning the marketing teams that report in to the three new general managers, and that there is no specific timetable for the decisions.

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