Campbell Soup Co. on Tuesday announced key management changes to support the company’s continued growth and accelerate progress against its multiyear strategic plan. Mick Beekhuizen has been appointed president – Meals & Beverages. He will continue to serve as chief financial officer until a successor to this role is named. Chris Foley, currently president – Meals & Beverages, will become president – Snacks. These changes are effective immediately. Both will continue to report to Campbell CEO and President Mark Clouse.
Beekhuizen, who joined Campbell in September 2019 as CFO, will now lead the $4.6 billion division that includes soup, simple meals and beverages in retail and foodservice in North America. During his time at Campbell, Beekhuizen has led corporate strategy and the finance function, including controllership, tax, treasury, corporate audit, investor relations, corporate development, financial planning and analysis, and shared services, as well as the company’s information technology group.
Prior to Campbell, Beekhuizen was executive vice president and CFO at Chobani from 2016 to 2019, where he played a key role in its growth and expansion.
Foley, who will now lead the $3.9 billion Snacks division, has led the revitalization of the Meals & Beverages business by improving product quality, accelerating innovation and marketing, and contemporizing its iconic brands, which has resulted in a fundamentally stronger division. Under his stewardship, the division, including the soup business, has expanded its reach and relevance, particularly with new, younger consumers.
Prior to leading Meals & Beverages, Foley was chief marketing officer of Pepperidge Farm from 2015 to 2018 and then Snacks from 2018 to 2019, where he played a key role in the Snyder’s-Lance Inc. acquisition and integration, drove innovation and developed effective marketing campaigns that resulted in significant sales growth.
Simultaneously, the Camden-based company announced that Valerie Oswalt, the former president of the Snacks division, informed Campbell of her plans to accept a role at another company.
“Both Mick and Chris have played significant roles in Campbell’s transformation over the last several years by enhancing our culture and improving our business performance,” Clouse said. “Mick possesses exceptional strategic thinking and commercial and financial acumen coupled with a focus on operational excellence. He is known for team-building and collaboration, which will be instrumental in his new role as we drive the continued growth of our M&B portfolio in large and attractive categories. Chris is a proven brand and culture builder with a track record of delivering sustainable growth and developing high-performing teams, which are critical to accelerate the Snacks growth and margin trajectory. I am confident both he and Mick are the right leaders to continue to build our momentum and unlock our full growth potential.”
