Tobacco.org

Campbell Soup Close to Naming Nabisco's Conant as CEO, WSJ Says 

Campbell Soup Co., the world's largest soup maker, is close to naming a new chief executive after a nine-month search that has frustrated investors, the Wall Street Journal interactive reported, citing people familiar with the matter.

Douglas R. Conant, president Philip Morris Inc.'s Nabisco Foods Co, the maker of Oreo cookies and Ritz crackers, is the leading contender, the people told the paper. Conant, 49, would succeed David W. Johnson, Campbell's former chief executive officer, who returned in March on an interim basis after the resignation of Dale F. Morrison, the WSJ said. . .

He may be reluctant to resign from Nabisco before Dec. 31 as a faster exit could cost him his annual bonus, the paper said.

Philip Morris will merge Nabisco with its Kraft Foods unit.

Jump to full article »