Campbell Soup CEO is retiring, effective today

Campbell Soup Co. said Friday that its Denise Morrison, chief executive of the company, is retiring, effective today. She was CEO for seven years. Keith McLoughlin, a board member since 2016, will also serve as interim CEO. Chief Operating Officer Luca Mignini will focus on the core soup business and integrating the newly-acquired Snyder's Lance and Pacific Foods companies. Campbell Soup shares are down 18.5% for the year to date while the S&P 500 index is up 1.7% for the period.