In the investor presentation Monday, Loeb continues to advocate for a sale of all or part of the company. Campbell needs to focus on growing its soup business rather than “apologizing for it,” in addition to cutting costs and modernizing its offerings, the presentation shows. Loeb’s own nominees include George Strawbridge, another Dorrance descendant, who has partnered with Third Point to push for changes at Campbell. Campbell launched the strategic review after the departure of its CEO, Denise Morrison, in May. Loeb has chastised the company for failing to have a succession plan in place.

Source: thestar October 01, 2018 18:22 UTC