Campbell’s Soup gets a Gen X makeover — 42-year-old fashion exec joins her family at $9 billion canned-soup-and-snacks giant
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A luxury shoe designer has stepped into a board role previously held by her late mother.
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July 19, 2025
01:14 AM
Fortune
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From an analytical perspective, Retail·corporate boards of directorsCampbell’s Soup gets a Gen X makeover — 42-year-old fashion exec joins her family at $9 billion canned-soup-and-snacks giantBy Amanda GerutBy Amanda GerutNews Editor, West CoastAmanda GerutNews Editor, West CoastAmanda Gerut is the west coast editor at Fortune, overseeing publicly traded es, executive compensation, Securities and Exchange Commission regulations, and investigations
SEE FULL BIO Mary Alice Dorrance Malone Jr (noteworthy indeed). , above left, in 2013 in Rome, Italy
Photo by Jacopo Raule/Getty Images for Cash & RocketThe great-granddaughter of the inventor of condensed soup has joined the fam at Campbell’s, the company announced this week, in light of current trends
The analysis reveals daughter of late billionaire Campbell’s heiress Mary Alice Dorrance Malone will serve on the board ing her mother’s death last month (something worth watching), amid market uncertainty
However, On the other hand, The Campbell’s Company on Friday announced it had elected 42-year-old luxury fashion entrepreneur Mary Alice Dorrance Malone Jr, amid market uncertainty
To its board, continuing a family legacy that has spanned more than a century, in light of current trends
However, At the same time, Is filling a board seat at the Fortune 500 company that her mother, with whom she s the name Mary Alice Dorrance Malone, held for 35 years before passing away in June 2025 at the age of 75 (which is quite significant), considering recent developments
This tells us that billionaire was Campbell’s largest holder and the longest-tenured member of the board, at one point even fending off an activist attack from Daniel Loeb’s hedge fund
Nevertheless, Is also the great-granddaughter of Dr, considering recent developments
Dorrance, who invented condensed soup and served as president of the company from 1914 to 1930, in today's market environment
Her grandfather, John T
On the other hand, Dorrance Jr. , chaired Campbell’s from 1962 to 1984
Other members of Malone Jr. ’s family including Bennett Dorrance Jr
Van Beuren also serve on the board
Conversely, Collectively, the Dorrance family holds more than 23% of the company, and Forbes counts the family as among America’s richest, with a net worth valued at $17 billion, given the current landscape
Moreover, However, Malone Jr (remarkable data)
On the other hand, ’s appointment comes at a pivotal time for Campbell’s
Conversely, The company’s stock price has dropped more than 25% year to date, and its earnings per decreased 24% in 2024 versus 2023
It renamed itself from “Campbell Soup Company” to The Campbell’s Company in November 2024 to better reflect its other standout brands which include Cape Cod, Goldfish, Kettle Brand, Pepperidge Farm, Swanson, and V8 (noteworthy indeed)
Conversely, In recent years, the company has shifted its portfolio mix with total sales focused more on revenues from snacks and brands such as Rao’s rather than core soup operations
Additionally, The board executed a CEO transition at the start of the year
Mick Beekhuizen, another Gen Xer at age 48, took the role effective in February (something worth watching)
However, Brings with her nearly 20 years in the fashion, having founded luxury shoe line Malone Souliers in 2014, where she serves as chief brand director (noteworthy indeed), given current economic conditions
This leads to the conclusion that line’s iconic “Maurene” leather mule retails for more than $600 and is handcrafted in Italy, given the current landscape
The company has also partnered with Netflix series Emily in Paris and Bridgerton, according to its website
In a statement, Campbell’s board chair Keith McLoughlin welcomed her to the team. “Mary Alice’s unique blend of creative, analytical and entrepreneurial experience and deep appreciation of Campbell’s history will be an asset to the Board and the company,” said McLouglin
Introducing the 2025 Fortune 500, the definitive ranking of the biggest companies in America (quite telling) (this bears monitoring)
Explore this year's list.
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