Denise Morrison

Denise Morrison
Born (1954-01-13) January 13, 1954
Elberon, New Jersey
Residence Princeton, New Jersey
Nationality American
Alma mater Boston College
Occupation Business executive

Denise M. Morrison is an American business executive who serves as President and Chief Executive Officer of Campbell Soup Company. Named the 21st Most Powerful Woman in Business by Fortune Magazine,[1] Morrison was elected a Director of Campbell in October 2010. She is Campbell's 12th leader in the company's 140-year history.[2]

Early life

Denise Morrison was born in Elberon, New Jersey, and is one of four sisters who have all enjoyed successful business careers. The "Sullivan Sisters" were featured in a 2007 Wall Street Journal article, "Raising Women to Be Leaders."[3] Denise is the first-born; Maggie Wilderotter is chairman and CEO of Frontier Communications; Colleen Bastkowski was a regional vice president of sales at Expedia Corporate Travel;[4] and Andrea Doelling, a champion horse jumper, was senior vice president of sales at AT&T Wireless.[5] Their father, Dennis Sullivan, a Korean War veteran and AT&T executive, wanted to share everything he knew about business with his girls. He reportedly talked with them while they were still in grade school about setting profit-margin goals. Their mother, Connie Sullivan, taught them that ambition is a part of femininity.[3]

Denise Morrison graduated from Long Branch High School. She earned her B.S. degree in economics and psychology from Boston College, graduating magna cum laude. She was inducted into the Order of the Cross and Crown Honor Society for academic and extracurricular achievement.[2]

Business background

Morrison was named President and CEO of Campbell Soup Company on August 1, 2011. Campbell is a global manufacturer and marketer of consumer food products, focused on simple meals, soup, baked snacks, and beverages.

Morrison joined Campbell in April 2003 as President-Global Sales and Chief Customer Officer, and was named President-Campbell USA in June 2005. She was named Senior Vice President and President-North America Soup, Sauces and Beverages in October 2007 and handled the Campbell USA, North America Foodservice, and Campbell Canada businesses. She was appointed Executive Vice President and Chief Operating Officer in October 2010, leading all of Campbell's global businesses, corporate strategy, global advertising & design and research & development.[2]

Before joining Campbell's, Morrison served as Executive Vice President and General Manager of Kraft Foods' Snacks and Confections divisions, responsible for leading brands such as Planters nuts, Life Savers candies, and Altoids mints.[2]

Morrison began her career in the sales organization at Procter & Gamble in Boston, Mass. She later joined Pepsi-Cola in Trade and Business Development. She then spent most of the 1980s at Nestle USA, where she held senior marketing and sales positions. In 1995, Denise moved to Nabisco Inc. She served as Senior Vice President and led the Nabisco Food Company's sales organization and was General Manager for the Down the Street division.[2]

Morrison's compensation at the beginning of fiscal year 2012 included an annual base salary of $950,000, a fiscal 2011 annual cash incentive of $602,292 and a fiscal 2012 long-term incentive grant of $4,845,000.[6] Campbell's fiscal year runs from August 1 to July 31.

Board service

Morrison is a former director of The Goodyear Tire & Rubber Company[7] and a former Director of Ballard Power Systems Inc.[8] She is a founding member of the Healthy Weight Commitment Foundation, an initiative composed of manufacturers and retailers designed to combat obesity in the marketplace, workplace, and in schools through communication and education.[9] She is also on the non-profit board of Students in Free Enterprise.[10]

Additionally, she serves on the board of the Grocery Manufacturers Association[11] and is the chair of its Health and Wellness Committee. Morrison is also on the board of the Consumer Goods Forum.[12]

She is the former chair of Catalyst's Advisory Board and former President of the N.J. Women's Forum, and has served on the Board of the Food Industry Crusade Against Hunger and Leadership California.[2]

Awards

In 2011, Forbes named Morrison the 80th most powerful woman in the world.[13]

Morrison was also named the 21st Most Powerful Woman in Business by Fortune Magazine.[1] Morrison was a featured speaker at Fortune's 2011 Most Powerful Women Summit, sharing the stage with her sister Maggie Wilderotter, Chairman and CEO of Frontier Communications. Morrison and Wilderotter are the first sisters ever to make the list together.[14]

Morrison has been recognized with many other awards as well, including: Power 50, Supermarket News 2011;[15] "Woman of Distinction" American Heart Association of New Jersey, 2010; One of the 50 Most Influential Irish Women, Irish Voice 2010;[16] Trailblazer Award;[17] "Top Woman in Grocery," Progressive Grocer magazine, 2008, 2009, and 2010;[18] One of the Top 50 Women in Business in the State of N.J., NJBIZ magazine, 2008; One of the Top 50 Women to Watch, Wall Street Journal, 2007; "Aiming High Award" by Legal Momentum, 2007;[19] and Garden State "Woman of the Year" for Corporations, Garden State Women magazine, 2007.[20]

Personal and family

Morrison lives in Princeton, New Jersey, with her husband, Tom, and has two grown daughters.[21]

References

  1. 1 2 "Fortune's Most Powerful Women". Money.cnn.com. 2011-10-17. Retrieved 2014-05-02.
  2. 1 2 3 4 5 6 "Morrison Executive Bio, Campbell Soup Company, 2011". Campbellsoupcompany.com. Retrieved 2014-05-02.
  3. 1 2 Hymowitz, Carol (2007-02-12). "Raising Women to Be Leaders". Wall Street Journal. Retrieved 2014-05-02.
  4. ↑ "Colleen Bastkowski, Women's Conference Archive, 2010". Womensconference.org. Retrieved 2014-05-02.
  5. ↑ "Andrea Doelling, Women's Conference Archive, 2010". Womensconference.org. Retrieved 2014-05-02.
  6. ↑ "Morrison compensation, Forbes". People.forbes.com. 2012-04-18. Retrieved 2014-05-02.
  7. ↑ "Board of Directors: Denise M. Morrison". Goodyear.com. 2005-02-23. Retrieved 2014-05-02.
  8. ↑ "Ballard Power Systems Appoints New Director". The Free Library. July 29, 2002. Retrieved 2014-05-02.
  9. ↑ "Healthy Weight Commitment Foundation Board Service". Healthyweightcommit.org. Retrieved 2014-05-02.
  10. ↑ "Wall Street Journal, CEO Council, 2011". Ceocouncil.wsj.com. 2011-12-15. Retrieved 2014-05-02.
  11. ↑ Grocery Manufacturers Association, GMAonline, 2010 Archived October 23, 2011, at the Wayback Machine.
  12. ↑ Business Roundtable Bio, 2010 Archived May 11, 2012, at the Wayback Machine.
  13. ↑ "Forbes, 80th Most Powerful Woman in World, August 2011". Forbes.com. 2014-04-16. Retrieved 2014-05-02.
  14. ↑ Jill Schlesinger (2011-10-03). "50 Most Powerful Women in Business: Whitman In, Oprah Down, Bartz Off". Moneywatch. Retrieved 2014-05-02.
  15. ↑ Julie Gallagher (2011-07-18). "Power 50 Award, July 18, 2011". Supermarketnews.com. Retrieved 2014-05-02.
  16. ↑ "Irish Voice 2010" (PDF). Retrieved 2014-05-02.
  17. ↑ "Women's Foodservice Forum Announces Recipients Of Its Annual Awards". Rmgtmagazine.com. 2011-04-18. Retrieved 2014-05-02.
  18. ↑ Top Woman in Grocery, June 2010 Archived December 4, 2010, at the Wayback Machine.
  19. ↑ Aiming High Award, Legal Momentum, March 2007 Archived October 8, 2010, at the Wayback Machine.
  20. ↑ Garden State Woman of the Year, 2006
  21. ↑ Women in America Mentors
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