Mark Clouse, CEO of the recently renamed Campbell Company, resigned after a six-year tenure. He will become President of the Washington Commanders, an NFL franchise.
During his six years at the helm of the company, Clouse restructured production and marketing, attracted new managerial talent, rationalized the product range and increased margins in the face of competition.
Mick Beekhuizen will replace Mark Clouse as CEO, advancing from his position as President of the Meals and Beverage Division.
He will face potentially shrinking margins due to inflation in ingredient costs. Farmers who supply ingredients will be forced to pay more for fertilizer, labor and capital equipment if the incoming Administration imposes tariffs on imported items. Countervailing tariffs imposed by impacted nations will limit international sales of Campbell Company products.