Campbell's Mourns the Death of Long-time Board Member Mary Alice Dorrance Malone
CAMDEN, N.J., June 19, 2025--(BUSINESS WIRE)--The Campbell's Company (NASDAQ:CPB) and the company's Board of Directors mourn Mary Alice Dorrance Malone who recently passed away at the age of 75. Malone was the longest-tenured member of Campbell's Board of Directors with 35 years of service.
Malone was the granddaughter of Dr. John T. Dorrance, the inventor of condensed soup and President of the company from 1914-1930, and the daughter of John T. Dorrance Jr., a former Chair of the company from 1962-1984. She was elected to the Board in 1990 and served with distinction on many of the board's standing committees, most recently on the Governance and Compensation & Organization committees.
Keith R. McLoughlin, Chair of the Board, said, "We are deeply saddened by the passing of Mary Alice. As a descendent of the company's founder and a significant long-term shareholder, her contributions to grow and protect Campbell's legacy were immeasurable. She will be missed in our board meetings and as a friend and colleague. On behalf of my fellow board members, we extend our heartfelt condolences to her family and friends."
Malone was an entrepreneur, a private investor, and a philanthropist, having served for many years on the boards of several nonprofit organizations and actively participated in many philanthropic endeavors. Her passion and primary business were equestrian sports. She was President of Iron Spring Farm horse breeding and performance centers in Pennsylvania and Florida, which she founded in 1976.
Mick Beekhuizen, Campbell's President and Chief Executive Officer, said, "Mary Alice was a highly committed director and helped guide the company through many chapters. Her extensive knowledge of Campbell's history, organization and culture, and her love for our food and iconic brands were invaluable to management and the board. Her positive impact on the company will last for generations to come. Everyone at Campbell's offers our deepest condolences to her loved ones."
Malone is survived by two daughters.
Funeral arrangements are not public. The family respectfully requests privacy during this time of mourning.
The board will be considering the election of a new member.
About The Campbell's CompanyFor 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 Campbell's 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. The Campbell's 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 pretzel crisps, Snyder's of Hanover, Swanson and V8. For more information, visit www.thecampbellscompany.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250619488469/en/
Contacts
Investor Contact: Rebecca Gardy(856) 342-6081Rebecca_Gardy@campbells.com
Media Contact: James Regan(856) 219-6409James_Regan@campbells.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
10 minutes ago
- Yahoo
B. Riley Lowers Price Target on FuelCell Energy, Inc. (FCEL)
FuelCell Energy, Inc. (NASDAQ:FCEL) is among the 13 Best Hydrogen and Fuel Cell Stocks to Buy According to Analysts. Riley has maintained its Neutral rating on FuelCell Energy, Inc. (NASDAQ:FCEL) and reduced its price target from $9 to $8 in response to the company's fiscal Q2 results. An industrial setting, with a fuel cell power plant against a backdrop of smoke stacks. The company mentioned that its recent cost-cutting initiatives resulted in a slight decrease in forecasts. FuelCell has reduced its headcount by 22% and plans to reduce annualized cost by 30% in comparison to fiscal 2024. The company's move toward stricter cost controls in the face of persistent operational difficulties is reflected in these initiatives. B. Riley's updated forecast reflects cautious investor sentiment as FuelCell Energy, Inc. (NASDAQ:FCEL) works through its reorganization. FuelCell Energy, Inc. (NASDAQ:FCEL) is a fuel cell power firm and one of the best hydrogen stocks. The company creates, manufactures, sells, installs, operates, and services fuel cell products and electrolysis platforms that reduce carbon emissions and generate hydrogen. FuelCell Energy, Inc. (NASDAQ:FCEL) provides services to many industries, including commercial and hospitality, wastewater treatment, education and healthcare, data centers, and industrial. Geographically, the business is active in Europe, Canada, South Korea, and the United States. The USA and South Korea account for the majority of revenue. While we acknowledge the potential of FCEL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 High-Growth EV Stocks to Invest In and 13 Best Car Stocks to Buy in 2025. Disclosure. None. Sign in to access your portfolio
Bloomberg
15 minutes ago
- Bloomberg
Masayoshi Son Pitches $1 Trillion US AI Hub to TSMC, Trump Team
SoftBank Group Corp. founder Masayoshi Son is seeking to team up with Taiwan Semiconductor Manufacturing Co. to realize what could be his biggest bet yet — a trillion-dollar industrial complex in Arizona to build robots and artificial intelligence. Son envisions a version of the vast manufacturing hub of China's Shenzhen that would bring back high-tech manufacturing to the US, according to people familiar with the billionaire's thinking. The park may comprise production lines for AI-powered industrial robots, they said, asking not to be named as the plan remains private.
Yahoo
22 minutes ago
- Yahoo
OpenAI CEO accuses Meta of offering $100 million bonuses to poach employees
Meta has allegedly tried to recruit employees from competitor OpenAI by offering bonuses as high as $100 million, OpenAI CEO Sam Altman claimed on a podcast that aired Tuesday. "[Meta] started making giant offers to a lot of people on our team," Altman said on the Uncapped podcast, which is hosted by his brother. "You know, like $100 million signing bonuses, more than that [in] compensation per year." Meta's Zuckerberg Aiming To Dominate Ai Race With Recruiting Push For New 'Superintelligence' Team: Report Meta's alleged attempts to recruit OpenAI workers come as the tech giant works to advance its artificial intelligence strategy and build a superintelligence unit that can meet or exceed human capabilities, according to Reuters. None of OpenAI's "best people" have so far accepted Meta's alleged offers, Altman said. Meta Signs 20-Year Nuclear Power Deal With Constellation Read On The Fox Business App Competition to recruit artificial intelligence workers has reached an all-time high, with some believing that individual workers can heavily influence the trajectory of a company's success, Reuters reported. "I've heard that Meta thinks of us as their biggest competitor," the OpenAI CEO said. Openai Says This State Will Play Central Role In Artificial Intelligence Development Altman's claims follow reports earlier this month that Meta CEO Mark Zuckerberg is working on building a superintelligence team from a group of artificial intelligence researchers and engineers. The Facebook owner plans to hire about 50 people for the team and will personally recruit most of the members, Bloomberg News reported. Earlier this year, Zuckerberg announced Meta is investing $65 billion into AI in 2025, including the construction of a massive data center. Meta did not immediately respond to Fox Business' request for article source: OpenAI CEO accuses Meta of offering $100 million bonuses to poach employees Sign in to access your portfolio
