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Campbell's Appoints Risa Cretella President of Meals & Beverages Division

1. Risa Cretella appointed President of Meals & Beverages division effective Feb. 2025. 2. Cretella's background includes leading Rao’s to nearly $1 billion in revenue. 3. Strong leadership expected to enhance Campbell's growth in Meals & Beverages. 4. Her appointment follows successful integration of Sovos Brands into Campbell's. 5. Cretella has extensive experience in the food industry.

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Why Bullish?

Cretella’s leadership track record suggests potential for revenue growth. Past successful executives have positively influenced stock performance.

How important is it?

Leadership changes at Campbell's can significantly influence future business strategy and growth. Cretella’s proven success adds to the importance.

Why Long Term?

As president, Cretella's strategic initiatives will unfold over time. Long-term organizational changes typically show gradual effects on stock value.

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CAMDEN, N.J.--(BUSINESS WIRE)--The Campbell’s Company (NASDAQ:CPB) (Campbell’s) today announced the appointment of Risa Cretella as Executive Vice President and President, Meals & Beverages, effective Feb. 1, 2025. She will report to incoming President and Chief Executive Officer Mick Beekhuizen and become a member of the company’s Operating Committee and a Corporate Officer. Cretella joined Campbell’s in March 2024 following the completion of the acquisition of Sovos Brands Inc. as Senior Vice President and General Manager of Distinctive Brands, a business unit within the Meals & Beverages division. She will now lead the Meals & Beverages division and its advantaged portfolio of leadership brands including Campbell’s, Chunky, Pace, Pacific Foods, Prego, Rao’s, Swanson and V8 across soup, simple meals and beverages in retail and foodservice in North America. “Risa is a phenomenal and accomplished leader with a strong record of driving financial and marketplace growth,” said Beekhuizen. “Since joining Campbell’s, she has been instrumental in the successful integration of Sovos Brands, while continuing the momentum of the business. Risa’s proven ability to deliver business results and build high-performance teams makes her the right person to lead our Meals & Beverages division as we continue to transform and grow our categories.” With nearly 25 years in the food industry, Cretella has extensive experience in general management, marketing and sales. At Sovos Brands, she was Executive Vice President, General Manager of the Rao’s brand for six years, leading it to become a nearly $1 billion brand and the best growth story in all of food. During her final year at Sovos, Cretella took on the additional responsibilities of Chief Sales Officer. Prior to Sovos, Cretella spent five years at Pinnacle Foods in senior marketing roles, culminating in Senior Vice President of Marketing of its frozen food business, including the $1 billion Birds Eye brand. Earlier in her career, Cretella spent more than a decade at The J.M. Smucker Company in marketing and sales roles. Cretella earned her BBA in marketing from the University of Notre Dame and an MBA from Kent State University. About The Campbell’s Company For 155 years, The Campbell’s Company (NASDAQ:CPB) has been connecting people through food they love. Headquartered in Camden, N.J. since 1869, generations of consumers have trusted us to provide delicious and affordable food and beverages. Today, the company is a North American focused brand powerhouse, generating fiscal 2024 net sales of $9.6 billion across two divisions: Meals & Beverages and Snacks. Our portfolio of 16 leadership brands includes: Campbell’s, Cape Cod, Chunky, Goldfish, Kettle Brand, Lance, Late July, Pace, Pacific Foods, Pepperidge Farm, Prego, Rao’s, Snack Factory, Snyder’s of Hanover, Swanson and V8. For more information, visit www.thecampbellscompany.com.

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