Bennett Dorrance Resigns from Campbell’s Board of Directors – Campbell Soup Company | Candle Made Easy

Campbell’s board of directors elects Bennett Dorrance Jr. as director

Campbell Soup Company (NYSE:CPB) announced today that Bennett Dorrance has decided to resign from the company’s board of directors.

Bennett Dorrance (Photo: Business Wire)

Dorrance is Campbell’s longest-serving director with 33 years of service. He was elected to the Board in 1989, served as Vice Chairman from 1993 to 1996 and served with distinction on all Standing Committees of the Board. Most recently, Dorrance served on the Compensation, Organization and Governance Committees of the Board of Directors.

“Since joining the board, Bennett has helped expand and protect Campbell’s legacy and has guided management through many chapters,” said Keith R. McLoughlin, chairman of the board. “On behalf of Campbell and my fellow board members, we thank him for his many contributions to the company and wish him and his family the very best in his retirement.”

Bennett Dorrance is the grandson of Dr. John T. Dorrance, inventor of condensed soup and president of the company from 1914-1930, and son of John T. Dorrance Jr., a former president of the company from 1962-1984. As a majority shareholder, Dorrance has brought an extensive knowledge of Campbell’s history, organization and culture to his work on the Board. Dorrance also brought business, entrepreneurial and operational expertise as Managing Director and co-founder of real estate development firm DMB Associates.

Mark Clouse, Campbell’s President and Chief Executive Officer, added, “Bennett’s commitment to Campbell’s heritage, to our purpose and values, and to our iconic brands has been exceptional. As a long-term shareholder, Bennett is dedicated to the success of the company and continues the legacy of his grandfather and father as steward of Campbell’s long-term interests. His positive impact on the company will continue well beyond his tenure on the board. We wish him and his family a healthy and happy retirement.”

Dorrance Jr. elected to Campbell’s board of directors

The board announced that it has elected Bennett Dorrance Jr., 51, an entrepreneur who has invested in a variety of successful for-profit and not-for-profit companies focused on sustainability, land stewardship and health and wellness.

Dorrance Jr. is CEO of the DFE Trust Company and Vice President of the Dorrance Family Foundation, which supports education, conservation of natural resources and quality of life programs in Arizona, California and Hawaii. He is a co-founder and board member of the Kohala Institute in North Kohala, Hawaii, which supports local farmers, local schools, alternative energy initiatives, and land and heritage conservation. Dorrance Jr. is also a board member of the Julie Ann Wrigley Global Institute of Sustainability at Arizona State University.

McLoughlin said: “We are delighted to welcome Bennett to Campbell’s board of directors. Like his father, Bennett has a deep appreciation for Campbell’s history and passion for the business. His expertise in sustainability and entrepreneurship will be an asset to the board.”

Dorrance Jr. received his BS in Art History from Princeton University and a Masters in Sustainable Leadership from Arizona State University.

About the Campbell Soup Company

For more than 150 years, Campbell (NYSE: CPB) has connected people through the foods they love. Generations of consumers trust Campbell to provide delicious and affordable food and beverages. Headquartered in Camden, NJ since 1869, Campbell had net sales of nearly $8.5 billion in fiscal 2021. Our portfolio includes iconic brands such as Campbell’s, cape cod, goldfish, kettle brand, lance, Late July, Milan, tempo, Pacific Foods, Pepperidge farm, Before, Snyders from Hanover, Schwanson and V8. Campbell has a tradition of giving back and acting as a good steward of the environment. The company is a member of the Standard & Poor’s 500, the FTSE4Good and the Bloomberg Gender-Equality Index. For more information, visit www.campbellsoupcompany.com or follow company news on Twitter via @CampbellSoupCo.

Source: Campbell Soup Company

Leave a Comment