Campbell Soup CEO quits; company cuts forecast, to review portfolio

18 May by Vitaliy Dadalyan

Campbell Soup CEO quits; company cuts forecast, to review portfolio

Campbell Soup CEO quits; company cuts forecast, to review portfolio

Campbell’s shares slumped 12 percent in mid-afternoon trading, hitting a more than five-year low and putting them on track for the worst one-day decline since 1999. Food companies like Campbell have been pressured as consumers increasingly move away from processed food toward healthier options. The shifting consumer tastes are partly to blame for four straight years of declines at Campbell’s U.S. soup business, a period that Morrison oversaw.

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Source:: https://finance.yahoo.com/news/campbell-soup-ceo-steps-down-133919846.html