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  "documentTitle": "Campbell Soup Company (CPB)",
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      "text": "Incumbent Board also failed to plan for succession, leaving Campbell without a permanent CEO at a crucial juncture in its history",
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      "text": "Denise Morrison (CEO since August 2011) abruptly left as the Company reported disastrous fiscal 3q18 earnings and lowered forward guidance. Despite years of issues and a CEO approaching retirement age, incumbent Board failed to develop a succession plan. As a result, Campbell now led by interim CEO Keith McLoughlin, who has zero operating experience in packaged food and most recently served as CEO of Swedish appliance manufacturer Electrolux. Lack of leadership, combined with rapidly deteriorating financial and operational performance, presumably led Campbell to announce a strategic review",
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      "text": "Note: Denise Morrison age 63 at retirement. Source: Third Point LLC; Company Materials; Google Images",
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