Campbell's Incoming CEO to Face New Challenges After Trump's Win -- Market Talk

Dow Jones

2024/12/04

1824 ET - Campbell's made a good choice with the election of Mick Beekhuizen as the successor of CEO Mark Clouse, TD Cowen analysts say in a research note. Beekuizen shares Clouse's passion for the company, and he is well qualified to take the helm, the analysts say. Clouse leaves the business on strong footing, but the next four years will pose many challenges. Some of these include uncertainties regarding President-elect Trump's Make America Healthy Again initiative, consumer sensitivity to inflation, and rapid changes in consumer preferences, the analysts say. Shares fall 3.5% to $43.94 in post-market trading. (sabela.ojea@wsj.com; @sabelaojeaguix)

(END) Dow Jones Newswires

December 03, 2024 18:24 ET (23:24 GMT)

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