He is a longtime Campbell's board member and holds a 15% stake in the company. Bennett is a BS graduate of Princeton University, started his contemplative path in 1994, with the help of Naropa University, and earned an Executive Masters in Sustainability Leadership from Arizona State University, in 2010. Newton and they were divorced in February 1900. He was 70 . offspring chris havel wife; airigh 'n eilean; ontario bar exam results 2020. project zomboid ham radio frequencies; gunton hall rooms; kauai hotels kama'aina rate 2021; mary katherine backstrom net worth 2020; blackstone managing director salary. Bennett Dorrance 1998-2001 Managing Director, DMB Associates . Photo by Bobby Bank/WireImage/Getty Images. Mr. Dorrance has served on the board of directors of Campbell Soup Company since 1989. Michael Silverstein, a former food industry consultant with Boston Consulting Group who is advising Third Point, suggested the heirs were a big part of the problem. We wish him and his family a healthy and happy retirement.. She led the charge as cabinet co-chair for the Next Step capital campaign successfully raising $13 million for the new Ballet Arizona Center for Dance. (856) 219-6409 He married Mary Alice Bennett on 27 May 1943, in Joplin, Jasper, Missouri, United States. AllBiz Business Profile Search Professional Contact Details . Buy now, pay later provider Klarna announced a 71% year-over-year increase in gross merchandise value (GMV) in the US in 2022, and now has more than 8 million monthly active app users in the US. CAMDEN, N.J., July 22, 2022--Campbell Soup Company (NYSE:CPB) announced today that Bennett Dorrance has decided to retire from the company's Board of Directors. Multibillion-dollar acquisitions under her watch have done little to lift profits while leaving the company with billions in debt. John T. Dorrance III, Bennett Dorrance and Mary Alice Dorrance Malone, who together own about 31 percent of the . She does this as a leader in the philanthropic community and by guiding philanthropic investment in projects that will serve future generations. Theyre all in. Mr. McLoughlin also disputes the idea that the Dorrance descendants wield too much influence at the company or that they are responsible for its problems. My cousins were complacent and ignored the truth, said Mr. Strawbridge, who owns nearly 3 percent of the company. Archbold D. Van Beuren, a Dorrance descendant and one of three family members on the Campbell board, said the company was working on a plan to turn itself around before Mr. Loeb showed up. Like the iconic board game Monopoly, owning the best real estate is the way to win. JACQUELYNN W DORRANCE: SECRETARY: 2: 0: 3: BENNETT DORRANCE JR: VICE PRESIDENT: 2: 0: 4: ASHLEY DORRANCE KAPLAN: TREASURER: 2: 0: 5: CARRIE OSTROSKI: EXECUTIVE DIRECTOR: 40: 190,000: Charitable Activities . To manage your email preferences, click here. 2022 . Like his father, Bennett has a deep appreciation of Campbells history and passion for the business. He is a real estate developer who collects vintage cars and is a pilot with his own private hangar in Arizona. Earnings were down 50 percent last quarter, soup sales have been eroding and the companys chief executive, Denise Morrison, stepped down under pressure in May. . Related by financial asset: Campbell Soup Co. View Profile. #fresh, DRAGON HEART FARM IS HIRING! Orchard Specialist, Go grab the most recent issue of Kohala Mountain N, The original soil stewards! Jacquie served on the Ballet board for the past 6 years during a time of tremendous growth and change for the organization. Like his father, Bennett has a deep appreciation of Campbell's . View our privacy policy. Mark Clouse, Campbells President and Chief Executive Officer added, Bennetts commitment to Campbells heritage, to our purpose and values, and to our iconic brands has been extraordinary. Mr. Dorrance Jr. is a managing director for the DFE Trust Co. and vice president of the Dorrance Family Foundation, which supports education, natural resource conservation and programs that improve quality of life in Arizona, California and Hawaii. For screen reader problems with this website, please call 1-844-995-5545. line of ready-to-eat soups. His board nominees won the endorsement of Institutional Shareholder Services, a proxy advisory firm, on Wednesday. Vice chairman on the Board of Directors of the Campbell Soup Co., Dorrance is managing director of DMB Associates, a diverse real estate and investment company. Hes got the money, about $3.1 billion. Mary Alice Dorrance is the daughter of John T. "Jack" Dorrance Jr (died 1989), the last Dorrance to run Campbell, and the granddaughter of John Thompson Dorrance. Microsoft has removed the Birds Eye imagery for this map. Since joining the Board, Bennett has helped to grow and protect Campbells legacy and guide management through many chapters, said Keith R. McLoughlin, Chair of the Board. When they are not making the case for why their approach is far superior, people on both sides of this corporate fight say they are open to a compromise. He is Managing Director of DMB Associates, a real estate development firm headquartered in Phoenix, Arizona that he co-founded in 1984, which specializes in large, master-planned communities. He was elected to the Board in 1989, was Vice-Chairman from 1993-1996 and has served with distinction on all the Boards standing committees. Geni requires JavaScript! According to public records BENNETT DORRANCE JR is connected with one company - The Dorrance Family Foundation . Bennett Dorrance is the grandson of Dr. John T. Dorrance, the inventor of condensed soup and President of the company from 1914-1930, and the son of John T. Dorrance Jr., a former Chair of the company from 1962-1984. Since 1989, he was a part of the board of the company and currently, he owns 15% . Dorrance is the longest-serving member of Campbell's Board of Directors with 33 years of service. The Board announced that it elected Bennett Dorrance Jr., 51, an entrepreneur who has invested in a variety of successful for-profit and non-profit enterprises focused on sustainability, land management, and health and wellness. Gender: Male Race or Ethnicity: White . For Brooks, The ethos underlying everything is to source locally and to re-purpose materials that would otherwise end up in the landfill. Campbell Soup is the world's largest soup maker with 2012 revenues of $7.7 billion and owns other familiar brands such as Pace (salsa), V8 (vegetable juice), Pepperidge Farm (cookies, Goldfish), and Swanson (broth). As a long-term shareholder, Bennett has been dedicated to the success of the business and continuing the legacy of his grandfather and father as a steward of Campbells long-term interests. Like his father, Bennett has a deep appreciation of Campbell’s history and passion for the business. Alfred P. West Jr., of Paoli, is worth $1.4 billion, according to Forbes. For more than 150 years, Campbell (NYSE: CPB) has been connecting people through food they love. Connect to the World Family Tree to find out, Apr 1 1950 - Monk Rd, Lower Merion Township, Montgomery, Pennsylvania, United States. Bennett Dorrance, Jr. is a managing director for the DFE Trust Company and vice president of the Dorrance Family Foundation, which supports education, natural resource conservation and programs that improve quality of life in Arizona, California and Hawaii. Dorrance also serves on the board of Heartwood Institute, and is owner of the popular Blue Dragon Restaurant and Spa. Bennett Dorrance, Jr., moved to Hawaii in search of a different way to be on Earth, to be a practicing heartist. The company has run into very hard times and has been undermanaged and undersupervised., But Mr. Loeb, who controls more than 7 percent of Campbell stock through Third Point, will need to win over many more shareholders to be successful. Truth be told, I find it hard to blame them. Most recently, Dorrance was a member of the Boards Compensation and Organization, and Governance committees. Member, Board of Directors of the Global Institute of Sustainability and Innovation at ASU Biography Bennett Dorrance, Jr. was born and raised in Arizona and currently works and resides on the Island of Hawai'i with his wife, Delphina, and their three beautiful children, Orion, Jax and Aurora. "Ippy has chosen a lifestyle directly at odds, deliberately and aggressively different," said Robert D. Dripps 3d, whose mother, Diana, was Jack Dorrance's third wife. Soup was de-emphasized and ignored, and Third Point is right that it is the first thing that has to be addressed. Phoenix, AZ 85034, Main: 602-381-0184 His expertise in sustainability and entrepreneurship will be an asset to the Board." Dorrance Jr. earned his B.S. For more information, visit www.campbellsoupcompany.com or follow company news on Twitter via @CampbellSoupCo. Whether its fish heads into plant food, table scraps into topsoil, mac nut shells into biochar, or used up coco coir into potting soil, everything is sourced on this island and lovingly alchemized into the soil that sustains us all.. Dorrance also serves on the board of Heartwood Institute, and is owner of the popular Blue Dragon Restaurant and Spa. A Princeton graduate he started out as a floor foreman and ended up being one of America's richest men. James Regan Bennett Dorrance, Jr. was born and raised in Arizona and currently works and resides on the Island of Hawaii with his wife, Delphina, and their three beautiful children, Orion, Jax and Aurora. All Rights Reserved. The breadth with which she and her husband Bennett Dorrance, and their family, have dedicated their charitable activities is indeed extraordinary, spanning natural resource conservation, education, arts and culture, science, and medical research. in art history from Princeton University and a masters degree in sustainable leadership from Arizona State University. Bennett has made over 38 trades of the Campbell Soup Co stock since 2004, according to the Form 4 filled with the SEC. in art history from Princeton University and a master's degree in sustainable leadership from Arizona State University. "Ippy has chosen a lifestyle directly at odds, deliberately and aggressively different," said Robert D. Dripps 3d, whose mother, Diana, was Jack Dorrance's third wife. Two of Jack Dorrance's three. (One of the artists soup can paintings hangs in the companys boardroom.). Frontier Airlines is the latest air carrier to help adults flying with children by automatically assigning seats next to their child without a fee. Bennett has sat on the company's board since 1989. From his worldwide experience in private aviation, Bennett has envisioned a hangar complex that will provide the highest level of amenities, security, safety and service. SVP, Chief Investor Relations OfficerIR@campbells.com, Campbell Soup Company Anyone can read what you share. Managing Director for the DFE Trust Company, VP of the Dorrance Family Foundation Bennett Dorrance, Jr. was born and raised in Arizona and currently works and resides on the Island of Hawai'i with his wife, Delphina, and their three beautiful children, Orion, Jax and Aurora. Investors: We wish him and his family a healthy and happy retirement.. Investors: Rebecca Gardy (856) 342-6081 [emailprotected], Media: James Regan (856) 219-6409 [emailprotected]. The company is a member of the Standard & Poors 500 as well as the FTSE4Good and Bloomberg Gender-Equality Indices. McLoughlin said, We are excited to welcome Bennett to the Campbell Board. He said he had gotten calls from Ms. Malone during store visits, complaining about the packaging of its new Well Yes! Executives and board members acknowledge the companys problems. The Dragon Heart Farm family passionately supports respect for the well being of our soil and community. Bennett Dorrance has been a director since 2004. View phone numbers, addresses, public records, background check reports and possible arrest records for Bennett Dorrance in Arizona (AZ). They had 6 children before Nancy died on December 23, 1896. Most recently, Dorrance was a member of the Boards Compensation and Organization, and Governance committees. You may wish to switch to the. As a major shareholder, Dorrance has provided extensive knowledge of Campbells history, organization and culture to his work on the Board. Campbell could, for example, give Mr. Loeb a few seats on the board while letting the family retain its influence. People Baking Manufacturers Campbell Soup Co. Our portfolio includes iconic brands such as Campbells, Cape Cod, Goldfish, Kettle Brand, Lance, Late July, Milano, Pace, Pacific Foods, Pepperidge Farm, Prego, Snyders of Hanover, Swanson and V8. Delivered from our family to yours. The largest trade he's ever made was selling 1,809,133 units of Campbell Soup Co stock on 9 December 2010 worth over $62,433,180. Like his father, Bennett has a deep appreciation of Campbell's history and passion for the business. 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