Campbell’s taps Hershey finance vet for CFO chair

Group 1: CFO Changes - Carrie Anderson is leaving her position as CFO of Campbell's after less than three years, with no immediate details on her future plans [3] - Freshpet has appointed Ivan Garcia as interim CFO, effective October 17 [3] - This year marks the fourth and fifth CFO changes in the US food sector, indicating the most active year since 2022, according to J.P. Morgan analysts [4] Group 2: New CFO Appointment - Todd Cunfer has been appointed as the new CFO of Campbell's, effective October 20, succeeding Carrie Anderson [8] - Cunfer brings over 25 years of finance and operational experience in the consumer-packaged goods industry, primarily in the food sector [5] - Cunfer will receive a base salary of $725,000 per year and a one-time cash payment of $1.2 million for forfeited equity awards [5] Group 3: Company Performance - Campbell's reported $2.3 billion in net sales for its fiscal 2025 fourth quarter, a 1% increase compared to the previous year [7] - Organic net sales decreased by 3% to $2.2 billion, excluding the impact of an additional week in the quarter and divestitures [7]