What is the story about?
What's Happening?
Campbell’s Company has announced the appointment of Kelly L. Palumbo as Senior Vice President, Controller and Chief Accounting Officer, effective September 22, 2025. Palumbo will lead the corporate controller function, overseeing corporate accounting, financial reporting, planning, and controls. She will report to Carrie Anderson, Campbell’s Executive Vice President and Chief Financial Officer. Palumbo brings over 25 years of financial leadership experience, having previously served as Vice President, Finance and Corporate Controller at Charles River Laboratories since 2023. Her career includes significant roles at Johnson & Johnson, where she was Vice President of Finance, Transformation and Talent Strategy, and Senior Finance Director for global beauty and baby portfolios. Palumbo holds a B.S. degree in accounting from Penn State University and an M.B.A. from Villanova University, and she is a Certified Public Accountant.
Why It's Important?
The appointment of Kelly L. Palumbo is significant for Campbell’s as it strengthens its financial leadership team amid a competitive market environment. With her extensive experience in finance and corporate strategy, Palumbo is expected to enhance Campbell’s financial operations and reporting capabilities. Her leadership could drive more effective financial planning and controls, which are crucial for maintaining the company’s fiscal health and supporting its strategic goals. This move may also signal Campbell’s commitment to optimizing its business processes and adapting to evolving market demands, potentially impacting its performance and shareholder value.
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