Subscribe to receive updates about the farm and products. Father: John T. Dorrance, Jr. ("Jack", CEO of Campbell Soup, b. In the last two years, Campbells stock has badly trailed the broader market, as well as other food businesses, and has lost more than a third of its value. Hes got the office, a sleek white space that is a quintessential hedge fund aerie, with art by Jean-Michel Basquiat, Jeff Koons and Andy Warhol. Like his father, Bennett has a deep appreciation of Campbell's . Bennett has sat on the company's board since 1989. 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 . Lightfoots loss comes after she was blamed by her opponents for failing to tackle rising crime in the city and being a divisive figure. He is the cofounder and a board member of Kohala Institute in North Kohala, Hawaii, which supports local farmers, local schools, alternative energy initiatives, and land and historic preservation. We wish him and his family a healthy and happy retirement.. About Bennett Dorrance. Microsoft has removed the Birds Eye imagery for this map. Mr. Loeb has even persuaded one dissident Dorrance heir and a former Campbell board member, George Strawbridge Jr., to join his campaign. Camden, NJ 08103. Mary Alice Malone, a board member and a granddaughter of John T. Dorrance, splits her time between horse farms in Florida and Pennsylvania and has a net worth of $3.1 billion putting her at par with Mr. Loeb according to Forbes. His gardens alone contained $500,000 worth of sculpture and outdoor furniture. Like his father, Bennett has a deep appreciation of Campbell’s history and passion for the business. The estate known as Linden Hill, which once housed the soup heir's vast. Bennett Dorrance Family Office Portfolio Investments, Bennett Dorrance Family Office Funds, Bennett Dorrance Family Office Exits Initiatives focus on sustainability, education, arts and culture, and contemplation. But analysts say the company has done too little to adapt to those changes. They had 6 children before Nancy died on December 23, 1896. Dorrance is the longest-serving member of Campbell's Board of Directors with 33 years of service. 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. The grandchildren are John Dorrance III's two sons, John IV, 17, and Charles, 14; Bennett Dorrance's son Bennett Jr., 19, and daughter Ashley, 14; and Mary Alice Dorrance Malone's two daughters, Mary Alice Jr., 7, and Catherine, 6. Bennet Dorrance graduated with a Bachelor of Arts from the . and ask for Bennett Dorrance Jr. Share . Shes into clean labeling, no artificial flavors and no chicken antibiotics, Mr. McLoughlin said. He also sits on the board of Insight Enterprise, an Arizona based IT consulting firms. Photo by Bobby Bank/WireImage/Getty Images. Spring2021update|FAQpage | Class flexibility for students | Novel coronavirus updates. Since 1999 his Dorrance Scholarship Programs have helped send first-generation college students to Arizona's three public universities and South Mountain Community College. The Life of John Thompson. Born: 1947. Bennett Dorrance is the grandson of Dr John T Dorrance, the inventor of condensed soup and president of Campbell Soup Company from 1914-1930, and the son of John T. Dorrance Jr., a former chair of . The breadth with which she and her husband Bennett [] AllBiz Business Profile Search Professional Contact Details . The Larson Company Business Data 801 W 10th St Ste 300, Juneau, Ak 99801, Thane, Juneau. John Jr, also known as Jack, worked through the ranks and took the helm in 1962, building upon his father's hard work. Third Point, Mr. Loebs hedge fund in Manhattan, is pushing for the sale or restructuring of Campbell, a slumping food giant that has called Camden, N.J., home for nearly 150 years. 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. broward health medical center human resources phone number; steve watson obituary poplar bluff mo Many retailers claim to be a lifestyle brand, but Tractor Supply has earned the title as it serves customers searching for the 'Life Out Here' lifestyle. Bennett Dorrance Social Media Accounts The grandson of John T. Dorrance, the inventor of condensed soup, Bennett Dorrance owns a 15% stake in Campbell Soup. And in taking on the old-money family that owns more than 40 percent of Campbell Soup Company, hes found the perfect foil for his new-money ambitions. We wish him and his family a healthy and happy retirement.. Dozens of family members depend on the dividends they receive from the company to underwrite their comfortable lives. The U.S. airline industry today consists of four huge carriers plus a host of lower-cost airlines. Were interlopers whove come in, and theyve decided to stick with the status quo, Mr. Loeb said in an interview. Dorrance is the cofounder and board member of Kohala Village Hub, which provides the local community with resources that cultivate and support sustainable, local and organic agriculture, culture, arts and sciences through project-based and experiential learning, health and wellness programs for body, mind and spirit, and creative and performing arts for students and the community. Campbell Soup Company (NYSE:CPB) announced today that Bennett Dorrance has decided to retire from the companys Board of Directors. In this case this was his awareness in the mid 1980s in Del Mar, California ofthe contrast between the outward appearances of cleanliness and manicured lawns vs. the reality of suburban wastefulness as exemplified by everyones food waste in trash cans out on the curb contributing to 50% of landfill space. McLoughlin said, "We are excited to welcome Bennett to the Campbell Board. Owned and operated by husband-wife team, Brian and Amanda Light, Ronin Farm & Restaurant in Bryan, Texas, is an . She has a bachelor's degree from the University of Arizona. Bennett Dorrance's brother is John Dorrance III Bennett Dorrance's sister is Mary Alice Malone Bennett Dorrance's nieces and nephews: Bennett Dorrance's nephew is John Dorrance IV Bennett Dorrance's niece is Mary Alice Malone Bennett Dorrance's niece is Catherine Malone Bennett Dorrance's grandparents: Theyre all in. To manage your email preferences, click here. Shes as strong on the product as anyone on the board., Bennett Dorrance, Mr. McLoughlin said, is an expert in merchandising and pricing for Campbells products. The grandchildren are John Dorrance III's two sons, John IV, 17, and Charles, 14; Bennett Dorrance's son Bennett Jr., 19, and daughter Ashley, 14; and Mary Alice Dorrance Malone's two daughters, Mary Alice Jr., 7, and Catherine, 6. As a major shareholder, Dorrance has provided extensive knowledge of Campbells history, organization and culture to his work on the Board. His testimony, including admissions that he stole money, is likely to hurt him in future trials. He is a real estate developer who collects vintage cars and is a pilot with his own private hangar in Arizona. Campbell Board elects Bennett Dorrance Jr. as a director. said, has presented a compelling case that change at the board level is warranted.. It calls for selling international operations, like Arnotts Biscuits in Australia; getting out of the refrigerated soup business; and unloading its Bolthouse Farms unit. Former England defender Rio Ferdinand says not enough is being done to combat online abuse and hate speech. . 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. in art history from Princeton University and a masters degree in sustainable leadership from Arizona State University. Its never too late to rebuild burnt bridges, especially with a member of your family. Around the year 2000, Brooks got a significant boost from studying with Korean Natural Farming founder and expert, Master Cho. By You must click the activation link in order to complete your subscription. His relatives are still the company's largest shareholders, but he sold . 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. Elinor Dorrance Ingersoll, a director of the Campbell Soup Company and president of the Preservation Society of Newport County, R.I. died in a New York Hospital, where she had been governor of the Society of the New York Hospital for 25 years. Looking for Bennett Dorrance? 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). Descendants of John T. Dorrance, a chemist who created condensed soup at the turn of the last century, own more than 40 percent of Campbell shares. This company was incorporated about thirty-one years, ago in September of 1991 in Scottsdale. She does this as a leader in the philanthropic community and by guiding philanthropic investment in projects that will serve future generations. #fresh, DRAGON HEART FARM IS HIRING! Mr. Dorrance has been a Managing Director of DMB Associates, Inc., a real estate service company based in Scottsdale, Arizona since 1984. Bennett Dorrance is a grandson of Campbell Soup founder John T. Dorrance. Delivered from our family to yours. He is a longtime Campbell's board member and holds a 15% stake in the company. As well as the main house it comes with a caretakers property and guest cottage as well as a House with a 10 car garage and aviary. He is cofounder and a board member of Kohala Institute in Hawaii, which supports local farmers, local schools, land and historic preservation. Dorrance is a founding partner of DMB Associates, an Arizona real estate development firm. Were seeking change.. Bennett has made over 38 trades of the Campbell Soup Co stock since 2004, according to the Form 4 filled with the SEC. The hedge fund, I.S.S. The company is a member of the Standard & Poors 500 as well as the FTSE4Good and Bloomberg Gender-Equality Indices. He is a real estate developer who collects vintage cars and is a pilot with his own private hangar in Arizona. Our VermiMeister says, Now $25/gallon when you bring your own container t. Passion for plants flowers into passion fruits. After submitting your request, you will receive an activation email to the requested email address. 17:37 GMT 15 Jun 2013 Bennett Dorrance JR is listed as a Managing Member with Memorial Reefs International LLC in Nevada. Food systems are major contributors to climate change. Dancers Choice 2023 Artist Relief Fund, Adult Open Classes ( Ballet, Horton, Flamenco). Hes got the money, about $3.1 billion. Last week, Murdaugh took the witness stand to deny he was the one to pull the trigger. This article maps the current industry onto a traditional Monopoly board. Campbell is, of course, fighting headwinds like declining consumer interest in packaged food and a preference for fresh ingredients over highly processed soup from a can. He is involved in all major acquisition, disposition, financing and development activities. Here are a few tips for establishing great contacts. 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. He had 28 members of staff, many of whom were left $10,000 bonuses in his will executed after his sudden death from a heart attack. 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. She does this as a leader in the philanthropic community and by guiding philanthropic investment in projects that will serve future generations. 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. They are proud of Campbells but introverted. Brad Charron, CEO of ALOHA, discusses how ALOHA is working on these issues. Mr. Dorrance's. The project presents another step towards the reality of digital clothing interoperability across the metaverse. Camden, New Jersey-based Campbell Soup Company has announced that Bennett Dorrance will retire from its board of directors. American businessman Bennett Dorrance has an estimated net worth of $3.1 billion as of April 2016 according to Forbes. Mary Alice Malone, a board member and a granddaughter of John T. Dorrance, splits her time between horse farms in Florida and Pennsylvania and has a net worth of $3.1 billion putting her at par with Loeb according to Forbes. The accident took place near the city of Larissa as a passenger train collided head-on with a cargo train at high speed late on Tuesday night. It also generated $1 billion in losses last year. He was elected to the Board in 1989, was Vice-Chairman from 1993-1996 and has served with distinction on all the Board's standing committees. line of ready-to-eat soups. Dorrance is a Managing Director for the DFE Trust Company, and the Vice President of The Dorrance Family Foundation, which supports education, natural resource conservation and programs that improve the quality of life in their communities: Arizona, California and Hawai'i. Condensed soup turned the business around overnight. Princeton University They may have been associated with this organization before or after this year as well. 1919, d. 1989) Brother: John D. Dorrance III ("Ippy", rancher) Sister: Mary Alice Malone (director of Campbell Soup) Wife: Jacquie. Today he owns 15% of outstanding shares. On June 7, 2021, Alex Murdaugh called police to report that he had discovered the bodies of his wife and son. Dorrance Jr. earned his B.S. He oversaw the company's development into frozen dinners and was in charge when Andy Warhol painted his first Campbell's soup can. No Charitable Activities listed on Form 990 PF Part IX-A Grantmakers.io is an open source project for my friends in the nonprofit community They are fearful of outsiders, fearful of their wealth being taken away. Initiatives focus on sustainability, education, arts and culture, and contemplation. Third Point has proposed modernizing labels on Campbells trademark red-and-white cans, an icon whose status in American culture was immortalized by Andy Warhol. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 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. Dorrance is the cofounder and board member of Kohala Institute at Iole, providing opportunities for people to connect with the land and universal values for a better world. Dorrance is the co-founder and managing director of DMB Associates, an Arizona real estate development firm that specializes in planned communities. Multibillion-dollar acquisitions under her watch have done little to lift profits while leaving the company with billions in debt. Rebecca_Gardy@campbells.com, Media: With Skype, Call Campbell Soup at +1 856 . The filing status is listed as Active. Please enable JavaScript in your browser's settings to use this part of Geni. 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Since 1989, he was a part of the board of the company and currently, he owns 15% . Theyre sophisticated, and they know the New York hedge fund game.. Find 11 people named Bennett Dorrance along with free Facebook, Instagram, Twitter, and TikTok profiles on PeekYou - true people search. By 1922 the company changed it's name to Campbell's Soup Company and the household brand was born. Like many entrepreneurs, Brooks Thomas discovered his passion for vermiculture through trying to solve a problem. Brooks has been furthering the strength and abilities of his amendments up to this day which has led to including the nano-porosity of inoculated bio-char as well as fermentation to unlock the properties of amino acids, all of which our plants can benefit greatly from. For more than 150 years, Campbell (NYSE: CPB) has been connecting people through food they love. 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. Bennett Dorrance is known to be the grandson of John T. Dorrance, who invented condensed soup and founded Campbell Soup. The company is listed as Active in Arizona companies records. The Dragon Heart Farm family passionately supports respect for the well being of our soil and community. She moved the organization into its future. 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. Katie Davies 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. Copyright 2023 Sitemap Privacy Policy Designed by Websites with Aloha Log in, Mamey Sapote Headquartered in Camden, N.J. since 1869, Campbell generated fiscal 2021 net sales of nearly $8.5 billion. The estate known as Linden Hill, which once housed the soup heir's vast collection of more than $120million worth of art and over $100,000 in wine, is being sold off by its current owner venture capitalist Robert Burch. 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. Its a tradition Mr. Strawbridge enjoys a bowl of Campbell Soup every day, usually tomato. Menu Log In Sign Up 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. Dorrance also serves on the board of Heartwood Institute, and is owner of the popular Blue Dragon Restaurant and Spa. Soup of all products is our savior., Campbell Soups Fate Hangs on Duel Between Company Heirs and Interloper, https://www.nytimes.com/2018/11/16/business/campbell-soup-company-dan-loeb-third-point.html. In late August, management released a plan to revitalize the company. His positive impact on the company will last far beyond his tenure on the Board. Dorrance Malone is the largest shareholder of Campbell Soup, the world's largest soup company. Weve got a great brand, great products and great cash flow, he said. Dorrance Jr. is also a member of the Board of Directors of the Julie Ann Wrigley Global Institute of Sustainability at Arizona State University. CAMDEN, N.J.--(BUSINESS WIRE)-- 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. Bennett has sat on the company's board since 1989. Bennett Dorrance Jr. Dorrance Jr is a managing director for the DFE Trust Company and vice president of the Dorrance Family Foundation, which supports education and natural resource conservation. Global Institute of Sustainability and Innovation, Vice President, The Dorrance Family Foundation, Member, Board of Directors of the Global Institute of Sustainability and Innovation at ASU. 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. Ruben Aguirre. We changed the way people live, work, and recreate by reimagining what master-planned communities and commercial properties could be. As a major shareholder, Dorrance has provided extensive knowledge of Campbells history, organization and culture to his work on the Board. It is also why the farm is committed to creating partnerships and programs that help perpetuate aina and aloha based practices.. He was elected to the Board in 1989, was Vice-Chairman from 1993-1996 and has served with distinction on all the Board's standing committees. Bennett Dorrance is the billionaire heir to the Campbell Soup fortune. He began his backyard experiments in raising compost worms (with spectacular results) and then continued after he moved to Hawaii in 1988. ADA Compliance Information:For the Hearing Impaired: Dial 711 for the Arizona Relay Service. Generations of consumers have trusted Campbell to provide delicious and affordable food and beverages. 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