Campbell Soup Shuffles Management Ranks

Campbell Soup Co., whose red-and-white cans were once a staple of American kitchens, made a series of executive appointments as part of a broad management shake-up aimed at boosting the flagging market share and profitability of its U.S. soup business. Two months after David Johnson returned to the helm of the company, Campbell promoted Marty Thrasher to president of Campbell North America, where the Camden N.J.-based company’s performance has shown particular weakness. The promotion adds Mexico and the U.S. beverage business to Thrasher’s line responsibility for U.S. soup and sauces in Canada. Andrew Hughson, currently president of the Asia-Pacific region, was named president of U.S. soup and sauces division, responsible for all marketing activities for soups and sauces in the United States. After three years in Australia, Jeremy Fingerman was promoted to vice president of the U.S. soup unit. John Doumani, currently managing director of Australasia/Papua New Guinea, adds the additional title of president-Asia Pacific, replacing Hughson. Shares of Campbell Soup, which also makes Pepperidge Farm cookies and crackers and V8 vegetable drinks, closed off 88 cents at $30.13 on the New York Stock Exchange, trading just above its 52-week low of $25.44 and well off a year high of $47.

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