Campbell Sets Succession Plan for CFO post

PRESS RELEASE

CAMDEN, N.J. — Anthony P. DiSilvestro, who played a key role in restoring the Campbell Soup Co.'s North American soup and simple meals business to profitable growth, has been named senior vice-president and chief financial officer of the company, effective May 1. He will succeed B. Craig Owens, who will retire as CFO and chief administrative officer on that date. Mr. DiSilvestro currently is senior vice-president of finance.

Since joining Campbell in 1996, Mr. DiSilvestro has held a range of senior roles in the finance organization and in the company's principal business divisions, including treasurer; controller; vice-president of finance for Campbell North America; vice-president of corporate development and strategic planning; and vice-president and managing director of Campbell International. In his current position as senior vice-president of finance, he oversees the controller's function and financial planning and analysis, and also is the senior financial officer for Campbell North America, the company's largest division.

Before joining Campbell, Mr. DiSilvestro held various senior financial roles at Scott Paper Co. and as c.f.o. of Mölnlycke A.B. Health Care.

"The board of directors and I are delighted that Anthony will be the company's next chief financial officer," said Denise Morrison, president and chief executive officer. "In the course of his long and distinguished career at Campbell, he has acquired a matchless command of our business and the dynamics of our industry. Anthony will bring to his new role all of the benefits of his broad experience, exceptional financial acumen, strategic judgment, impeccable integrity and an unwavering commitment to the company's success. I look forward to working closely with him to continue to drive Campbell's growth and build an exciting future for our company and its shareholders."

Mr. DiSilvestro received a bachelor's degree in economics from Dartmouth College and a master's degree in business administration from the Wharton School of Business at the University of Pennsylvania.
 

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