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By picking Clouse, Campbell Soup has made good on its promise to name a new CEO before the end of the year. It operated for months with an interim chief, Keith McLoughlin, after former CEO Denise Morrison left in abruptly in May. McLoughlin will remain a director, Campbell said. The exact details of Clouse’s compensation package as Campbell Soup CEO could not be learned. In 2017, Clouse earned $5.22 million as Pinnacle Foods CEO mens cufflinks uk online. In 2016, he earned $14.1 million. Campbell shares were down 1.1 pct aftermarket at $37.27..
The company has been struggling for some time, trailing other food companies, as its stock price tumbled 20 percent in the last 52 weeks. Its foray into fresh foods faltered, its soup sales shrunk and Wall Street questioned the company’s aggressive acquisitions, led by former CEO Morrison, that failed to lift profits and saddled the company with fresh debt mens cufflinks uk online. “Mark was the board’s top choice due to his success leading organizations through significant transformations,” Campbell said in a statement, adding that Third Point provided input into the CEO search process and supported Clouse’s appointment..
The news of the new CEO comes just weeks after Campbell and Third Point settled a bitter proxy contest. Third Point initially proposed sweeping out all 12 Campbell’s directors and then ended up settling for two board seats. As part of the settlement, two Third Point nominees, marketing expert Sarah Hofstetter and food industry veteran Kurt Schmidt, were added to the board and a third director will be chosen later mens cufflinks uk online. The hedge fund was also given an opportunity to weigh in on who the new CEO would be, according to the settlement..
WASHINGTON (Reuters) – The U.S. Air Force will take its first delivery this month of the long-delayed KC-46 aerial refueling tanker made by Boeing Co (BA.N), people familiar with the process said. Final paperwork has been moving through the Pentagon’s chain of command in recent days, signaling that government concerns about the problem-plagued jet have been addressed after a multi-year delay, the people said. The delays and fixes for the program has been costly for Boeing, which recorded $176 million in additional charges on the KC-46 tanker in the third quarter alone mens cufflinks uk online. This brought the total pre-tax cost of the program to more than $3 billion..
Delivery means Boeing could now begin to reverse what has been a steady stream of financial losses related to the KC-46 program, and a major public relations headache for the world’s largest aircraft maker. The acceptance will be final when Defense Secretary Jim Mattis signs off on the delivery mens cufflinks uk online. The Air Force currently plans to buy a total of 179 of the tankers, and could receive them at a pace of about three jets per month to McConnell Air Force base in Kansas. In September, Boeing said the KC-46 completed the U.S. Federal Aviation Administration certification, nearly three years after the planemaker commenced testing for the certification..