Equities

Reuters reveals Campbell Soup stepping up CEO search

Reuters reveals Campbell Soup stepping up CEO search

Reuters was first to report that Campbell Soup Co’s board has been drawing up a list of CEO candidates as it tries to fend off a challenge from activist investor Daniel Loeb’s hedge fund. On Aug. 31, Reuters revealed the hedge fund was trying to recruit consumer industry executives to run against Campbell Soup’s current board of directors in order to pile more pressure on the management to consider a sale of the whole company.