Denise Morrison
{{short description|American business executive (born 1954)}}
{{Infobox person
| name = Denise Morrison
| image = Denise_morrison_campbell_soup_company_by_bill_cramer.jpg
| caption = Denise Morrison in the Campbell Soup Company test kitchen in 2012
| birth_date = {{birth date and age|mf=yes|1954|01|13}}
| birth_place = Elberon, New Jersey, U.S.
| nationality = American
| occupation = Business executive
| alma_mater = Boston College
| relatives = Maggie Wilderotter (sister)
| website =
}}
Denise M. Morrison (born January 13, 1954) is an American business executive who served as president and chief executive officer of Campbell Soup Company from 2011 through 2018.{{Cite news|url=https://www.nytimes.com/2018/05/18/business/denise-morrison-campbell-female-ceos.html|title=Denise Morrison Quits as Campbell Chief, Further Cutting Female C.E.O. Ranks|last1=Hsu|first1=Tiffany|date=2018-05-18|work=The New York Times|access-date=2020-01-12|last2=Miller|first2=Claire Cain|language=en-US|issn=0362-4331|last3=Gelles|first3=David}} Named the "21st Most Powerful Woman in Business" by Fortune magazine in 2011,{{cite news|url=https://money.cnn.com/magazines/fortune/most-powerful-women/2011/full_list/ |title=Fortune's Most Powerful Women |website=Money.cnn.com |date=2011-10-17 |access-date=2014-05-02}} Morrison was elected a director of Campbell in October 2010.{{Cite web|url=https://gc4women.org/2017/09/04/5-ceo-denise-morrison-is-gc4w-most-powerful-women-ceos/|title=5. CEO, Denise Morrison is GC4W Most Powerful Women CEOs.|date=2017-09-04|website=Global Connections for Women|language=en-US|access-date=2020-01-12}} She became Campbell's 12th leader in the company's 140-year history.{{cite web |url=http://www.campbellsoupcompany.com/bio_morrison.asp |title=Morrison Executive Bio, Campbell Soup Company, 2011 |website=Campbellsoupcompany.com |access-date=2014-05-02 |archive-url=https://web.archive.org/web/20130930191030/http://www.campbellsoupcompany.com/bio_morrison.asp |archive-date=2013-09-30 |url-status=dead }} Morrison retired from Campbell in May 2018.{{cite news|last1=LaMonica|first1=Paul|title=Campbell Soup CEO abruptly steps down|url=https://money.cnn.com/2018/05/18/investing/campbell-soup-ceo-denise-morrison-retires/index.html|access-date=19 May 2018|publisher=CNN|date=May 18, 2018}}
Early life
Morrison was born and raised in the Elberon section of Long Branch, New Jersey.Makin, Cheryl. [https://www.newspapers.com/clip/109046869/denise-morrison-of-long-branch/ "N.J. companies more likely to tap women, study finds"], Home News Tribune, January 29, 2014. Accessed September 6, 2022, via Newspapers.com. "A self-professed 'Jersey girl,' Morrison was raised in the Elberon section of Long Branch and graduated from Long Branch High School." She is one of four sisters who have all had business careers. The "Sullivan Sisters" were featured in a 2007 article in The Wall Street Journal titled "Raising Women to Be Leaders."{{cite news|last=Hymowitz |first=Carol |url=https://www.wsj.com/articles/SB117124259912205306 |title=Raising Women to Be Leaders |work=The Wall Street Journal |date=2007-02-12 |access-date=2014-05-02}} Denise is the first-born; Maggie Wilderotter was chairman and CEO of Frontier Communications;Egan, Matt. [https://money.cnn.com/2015/03/26/investing/sister-ceos-powerful-women-campbell-soup-frontier/index.html "Meet the sisters who shattered the CEO glass ceiling"], CNN, March 26, 2015. Accessed September 6, 2022. "After climbing the corporate ladder at Procter & Gamble (PG), Denise Morrison became CEO of Campbell Soup in August 2011. By that point her younger sister Maggie Wilderotter was already a pro at running a big business. She was hired as CEO of Frontier Communications (FTR) back in 2006. That means that while there are only 24 women running S&P 500 companies, two of them come from the same Long Branch, N.J. family." Colleen Bastkowski was a regional vice president of sales at Expedia Corporate Travel;{{cite web |url=http://www.womensconference.org/colleen-bastkowski/ |title=Colleen Bastkowski, Women's Conference Archive, 2010 |website=Womensconference.org |access-date=2014-05-02 |archive-url=https://archive.today/20130416044143/http://www.womensconference.org/colleen-bastkowski/ |archive-date=2013-04-16 |url-status=dead }} and Andrea Doelling, a champion horse jumper, was senior vice president of sales at AT&T Wireless.{{cite web |url=http://www.womensconference.org/new-speakerpage/ |title=Andrea Doelling, Women's Conference Archive, 2010 |website=Womensconference.org |access-date=2014-05-02 |archive-url=https://archive.today/20130416054113/http://www.womensconference.org/new-speakerpage/ |archive-date=2013-04-16 |url-status=dead }} Their father Dennis B. Sullivan—a Korean War veteran and AT&T executive—wanted to share everything he knew about business with his daughters. 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.
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.
Career
Morrison began her career in the sales organization at Procter & Gamble in Boston, Massachusetts. 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, Morrison 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.
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.
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.
Morrison was named president and CEO of Campbell Soup Company on August 1, 2011. Morrison retired from Campbell in May 2018.
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.{{cite web |url=https://people.forbes.com/profile/denise-m-morrison/14992 |title=Morrison compensation, Forbes |website=People.forbes.com |date=2012-04-18 |access-date=2014-05-02 |archive-url=https://web.archive.org/web/20111206081411/http://people.forbes.com/profile/denise-m-morrison/14992 |archive-date=2011-12-06 |url-status=dead }} Campbell's fiscal year runs from August 1 to July 31.
Board service
Morrison is a former director of the Goodyear Tire & Rubber Company{{cite web|url=http://www.goodyear.com/corporate/bios/morrison.html |title=Board of Directors: Denise M. Morrison |website=Goodyear.com |date=2005-02-23 |access-date=2014-05-02}} and a former director of Ballard Power Systems Inc.{{cite news|url=http://www.thefreelibrary.com/Ballard+Power+Systems+Appoints+New+Director.-a089808285 |title=Ballard Power Systems Appoints New Director |publisher=The Free Library |date=July 29, 2002 |access-date=2014-05-02}} 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.{{Cite web|url=http://www.healthyweightcommit.org:80/about/board_of_directors/|archive-url=https://web.archive.org/web/20111218215329/http://www.healthyweightcommit.org/about/board_of_directors/|url-status=dead|archive-date=2011-12-18|title=Board of Directors - About - Healthy Weight Commitment Foundation|date=2011-12-18|access-date=2018-07-25}} She is also on the non-profit board of Students in Free Enterprise.{{cite web |url=http://ceocouncil.wsj.com/members/morrisond |title=The Wall Street Journal, CEO Council, 2011 |website=Ceocouncil.wsj.com |date=2011-12-15 |access-date=2014-05-02 |archive-url=https://web.archive.org/web/20140503062444/http://ceocouncil.wsj.com/members/morrisond/ |archive-date=2014-05-03 |url-status=dead }}
Additionally, she serves on the board of the Grocery Manufacturers Association{{cite web |website=gmaonline.org |url=http://www.gmaonline.org/forms/committee/CommitteeFormPublic/view?id=16E3DD0000014F |title=Grocery Manufacturers Association, GMAonline, 2010 |url-status=usurped |archive-url=https://web.archive.org/web/20111023045940/http://www.gmaonline.org/forms/committee/CommitteeFormPublic/view?id=16E3DD0000014F |archive-date=October 23, 2011 }} and is the chair of its Health and Wellness Committee. Morrison is also on the board of the Consumer Goods Forum.{{cite web |url=http://businessroundtable.org/about-us/members/302 |title=Business Roundtable Bio, 2010 |website=businessroundtable.org |archive-url=https://web.archive.org/web/20120511081920/http://businessroundtable.org/about-us/members/302 |archive-date=May 11, 2012 }}
She became a member of MetLife's board of directors in 2014.{{Cite web|url=https://www.metlife.com/about-us/corporate-governance/board-of-directors/|title=Board of Directors {{!}} MetLife|website=www.metlife.com|language=en|access-date=2018-09-14}}
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.
Morrison resigned from President Trump's American Manufacturing Council on August 16, 2017.
Morrison's stated: "Following yesterday's remarks from the president, I can not remain on the Manufacturing Jobs Initiative. I will continue to support all efforts to spur economic growth and advocate for the values that have always made America great."The council was disbanded later the same day.{{Cite news|url=http://www.philly.com/philly/news/politics/presidential/campbell-soup-president-trump-denise-morrison-jobs-council-20170816.html|title=Campbell Soup CEO resigns from Trump council just before he disbands it|work=Philly.com|access-date=2018-01-24}}{{Cite news|url=http://www.courierpostonline.com/story/news/local/south-jersey/2017/08/15/campbell-soup-trump-morrison/568659001/|title=Update: Campbell Soup CEO quits Trump board|work=Courier-Post|access-date=2018-01-24|language=en}}
Awards
In 2011, Forbes named Morrison the 80th most powerful woman in the world.{{cite web|url=https://www.forbes.com/profile/denise-morrison/ |title=Forbes, 80th Most Powerful Woman in World, August 2011 |work=Forbes.com |date=2014-04-16 |access-date=2014-05-02}}
Morrison was also named the "21st Most Powerful Woman in Business" by Fortune. 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.{{cite news|author=Jill Schlesinger |url=http://moneywatch.bnet.com/economic-news/blog/financial-decoder/50-most-powerful-women-in-business-whitman-in-oprah-down-bartz-off/5265/ |title=50 Most Powerful Women in Business: Whitman In, Oprah Down, Bartz Off |website=Moneywatch |date=2011-10-03 |access-date=2014-05-02}} Morrison was also recognized by Fortune as one of the "Most Powerful Women" in 2012,{{Cite news|url=https://money.cnn.com/magazines/fortune/most-powerful-women/2012/full_list/|title=Most Powerful Women in Business 2012|work=CNNMoney|access-date=2018-06-07}} 2013,{{Cite news|url=https://money.cnn.com/magazines/fortune/most-powerful-women/2013/full_list/?iid=MPW13_sp_full|title=50 Most Powerful Women In Business 2013: Full List - Fortune Magazine|work=Fortune|access-date=2018-06-07}} and in 2017.{{Cite news|url=http://fortune.com/most-powerful-women/denise-morrison-31/|title=Denise Morrison|date=2017-09-21|work=Fortune|access-date=2018-06-07|language=en-US|archive-date=2018-06-12|archive-url=https://web.archive.org/web/20180612142755/http://fortune.com/most-powerful-women/denise-morrison-31/|url-status=dead}}
Morrison has also received the Power 50, Supermarket News 2011;{{cite news|author=Julie Gallagher |url=http://supermarketnews.com/profiles/2011_power50_denise_morrison/ |title=Power 50 Award, July 18, 2011 |website=Supermarketnews.com |date=2011-07-18 |access-date=2014-05-02}} "Woman of Distinction" American Heart Association of New Jersey, 2010; One of the 50 Most Influential Irish Women, Irish Voice 2010;{{cite web|url=http://media.irishcentral.com/documents/IV_women2010.pdf |title=Irish Voice 2010 |website=media.irishcentral.com |date= |access-date=2014-05-02}} Trailblazer Award;{{cite news |url=http://www.rmgtmagazine.com/news/women%E2%80%99s-foodservice-forum-announces-recipients-its-annual-awards |archive-url=https://archive.today/20120913185720/http://www.rmgtmagazine.com/news/women%E2%80%99s-foodservice-forum-announces-recipients-its-annual-awards |url-status=dead |archive-date=2012-09-13 |title=Women's Foodservice Forum Announces Recipients Of Its Annual Awards |website=Rmgtmagazine.com |date=2011-04-18 |access-date=2014-05-02 }} "Top Woman in Grocery," Progressive Grocer magazine, 2008, 2009, and 2010;{{cite web |website=www.progressivegrocer.com |url=http://www.progressivegrocer.com/article-winning_women-744.html |title=Top Woman in Grocery, June 2010 |archive-url=https://web.archive.org/web/20101204164504/http://www.progressivegrocer.com/article-winning_women-744.html |archive-date=December 4, 2010 }} 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, The Wall Street Journal, 2007; "Aiming High Award" by Legal Momentum, 2007;{{cite web |url=http://www.legalmomentum.org/donate/aiming-high/aiming-high-2007.html |title=Aiming High Award, Legal Momentum, March 2007 |website=www.legalmomentum.org |archive-url=https://web.archive.org/web/20101008122924/http://www.legalmomentum.org/donate/aiming-high/aiming-high-2007.html |archive-date=October 8, 2010 }} and Garden State "Woman of the Year" for Corporations, Garden State Women magazine, 2007.{{cite web |url=http://www.gswoman.com/index.php?option=com_content&view=article&id=428%3Awoman-of-the-year-past-honorees&catid=44%3Agarden-state-woman-of-the-year&Itemid=189 |title=Garden State Woman of the Year, 2006 |website=www.gswoman.com|archive-url=https://web.archive.org/web/20120316005547/http://www.gswoman.com/index.php?option=com_content&view=article&id=428%3Awoman-of-the-year-past-honorees&catid=44%3Agarden-state-woman-of-the-year&Itemid=189 |archive-date=2012-03-16 }}
Personal life
Morrison lives in Princeton, New Jersey, with her husband, Tom, and has two grown daughters.{{cite web |website=www.womeninamerica.net |url=http://www.womeninamerica.net/mentors/denise_morrison.php |title=Women in America Mentors}}{{Dead link|date=April 2019 |bot=InternetArchiveBot |fix-attempted=yes }}
References
{{reflist}}
External links
- {{LinkedIn URL|https://www.linkedin.com/in/denisemmorrison}}
- [https://www.linkedin.com/today/author/denisemmorrison LinkedIn authored articles]
- [https://www.forbes.com/profile/denise-morrison/ Official Forbes Profile - Denise Morrison]
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Category:American women chief executives
Category:Long Branch High School alumni
Category:Businesspeople from Princeton, New Jersey
Category:Morrissey College of Arts & Sciences alumni
Category:American chief executives of food industry companies
Category:20th-century American businesspeople
Category:21st-century American businesspeople
Category:Procter & Gamble people
Category:American corporate directors
Category:American women corporate directors
Category:Goodyear Tire and Rubber Company people
Category:American chief executives of Fortune 500 companies