Campbell Sets New Structure

Campbell Sets New Structure

Campbell Soup Co. realigned its North American management structure in a move that sets up a horse race for an eventual successor to Chief Executive Doug Conant.

Denise Morrison, newly named president of its North America soup-and-beverages business, and Larry McWilliams, president of Campbell International, are front-runners for the CEO post, according to a person familiar with the matter.

Mr. Conant, 56 years old, has no plans to retire or leave in the coming years, a Campbell spokesman said. Ms. Morrison, Mr. McWilliams and Mr. Conant, through a spokesman, declined to comment.

Campbell yesterday announced that several businesses will be placed under the umbrella of a new organization called North America Soup, Sauces and Beverages.

Ms. Morrison, 53, will head that new division.

Campbell said Mark Sarvary, president for Campbell North America, will leave the company.