May 18, 2018

Campbell Soup CEO surprises with immediate retirement

Campbell's Soup CEO Denis Morrison

Campbell's Soup CEO Denise Morrison speaking at a forum. Photo: Justin Sullivan/Getty Images

Campbell Soup CEO Denise Morrison retired abruptly on Friday morning after eight years at the company, reports CNBC.

Why it matters: Morrison's retirement brings the number of women who are Fortune 500 CEOs down to 23. Since her retirement was announced, the company's stock has also fallen by 3%.

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