The Campbell’s Company announced on Tuesday that Todd Cunfer, the current CFO of Freshpet, will be joining the company as its new finance chief, effective October 20th. Cunfer, who previously worked at Hershey Company for two decades, will be taking over from Campbell’s CFO Carrie Anderson, who is leaving the company to explore new opportunities.
Campbell’s CEO Mick Beekhuizen expressed confidence in Cunfer’s abilities, stating that his extensive industry knowledge will be crucial as the company navigates the ever-changing business landscape and continues to pursue sustainable growth.
Anderson’s departure comes after less than three years in the CFO role at Campbell’s, with no further details provided about her future plans. Meanwhile, Freshpet has appointed Ivan Garcia, its vice president of finance, as the interim CFO following Cunfer’s departure.
According to J.P. Morgan analysts, this year has seen a significant number of CFO changes in the US food industry, with Campbell’s being the latest addition to the list. Other companies like Innovative Food Holdings, The Simply Good Foods Company, and Flowers Foods have also undergone finance leadership changes in 2025.
Cunfer, who brings over 25 years of finance and operational experience in the consumer-packaged goods industry, will receive a base salary of $725,000 per year in his new role at Campbell’s. Additionally, he will receive a one-time cash payment of $1.2 million as part of his transition to the company.
Prior to joining Freshpet, Cunfer served as the CFO of Simply Good Foods and held various senior finance roles at Hershey, including vice president of international finance and vice president of global supply chain finance. The move to Campbell’s represents a career advancement for Cunfer, according to J.P. Morgan analysts.
The leadership transition at Campbell’s comes on the heels of mixed quarterly earnings results, with the company reporting a 1% increase in net sales but a 3% decrease in organic net sales for the fourth quarter of fiscal 2025. Analysts attribute the decline in sales to changing consumer preferences for healthier and value-driven food options.
Despite facing challenges in the operating and regulatory landscape, including input cost woes due to tariffs, Campbell’s remains focused on executing its growth strategy under Cunfer’s leadership. The company is determined to overcome obstacles and drive profitability in the competitive food industry.
