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Campbell's CEO's Next Move

Campbell's Co. CEO Mark Clouse is set to retire from the packaged food company and join the front office of the NFL's Washington Commanders early next year. The Commanders announced on Tuesday that Clouse will take on the role of president and head the team's business operations in late January. His last day as CEO of Campbell's will be Jan. 31. As he said, "While I am stepping away a bit earlier than I anticipated, I feel like I have one more act in my career. The Washington Commanders role is a once-in-a-lifetime position that blends my passion for business and love of sports. A leadership role in professional sports is the only thing that would've pulled me away from Campbell's."This significant transition comes after Clouse began serving as Campbell's chief executive in 2019, succeeding Keith McLoughlin who chairs the company's board of directors. Under his leadership, he led a transformation to reshape the company's portfolio toward category-leading brands and made soup a key element of the company's growth strategy.Campbell's, Goldfish, Pepperidge Farm, Snyder's of Hanover, Prego, V8 and Rao's are some of the well-known brands owned by the company. It rebranded from the Campbell Soup Co. to its current name earlier this fall as part of its evolution and transformed portfolio.The company expects to see 9% to 11% growth in net sales for fiscal 2025 and its adjusted earnings per share is projected to be $3.12 to $3.22, representing a 1% to 4% increase.

Succession at Campbell's

Crouse said Campbell's "will always hold a special place in my heart" and that it is "in excellent hands" with Mick Beekhuizen, who will step into the top job at the company on Feb. 1. Beekhuizen previously served as Campbell's CFO and, most recently, as president of the meals and beverages division.With the Commanders, Crouse said he looks forward to building "a championship-caliber organization."

The Washington Commanders' Season

The Washington Commanders sport an 8-5 record this season and are in second place in the NFC East division. It's an exciting time for the team with various developments on the horizon.CLICK HERE TO READ MORE ON FOX BUSINESS