By providing your email address below, you are providing consent to Campbell Soup Company to send you the requested Investor Email Alert updates. Most recently he exercised 5,965 units of CPB stock worth $316,861 on 10 May 2018.. 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. Our VermiMeister says, Now $25/gallon when you bring your own container t. Passion for plants flowers into passion fruits. I worked with the family two decades ago, Mr. Silverstein said. As the managing director and co-founder of the real estate development firm DMB Associates, Dorrance also provided business, entrepreneurial and operational expertise. 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. You may wish to switch to the. Box Office: 602-381-1096 The company would return its focus to soup and popular snack brands like Goldfish, Pepperidge Farm cookies and Snyders of Hanover pretzels. American businessman Bennett Dorrance has an estimated net worth of $3.1 billion as of April 2016 according to Forbes. Multibillion-dollar acquisitions under her watch have done little to lift profits while leaving the company with billions in debt. Like his father, Bennett has a deep appreciation of Campbells history and passion for the business. The elder John Dorrance set in motion the world famous soup company at the turn of the century. Like many entrepreneurs, Brooks Thomas discovered his passion for vermiculture through trying to solve a problem. Daniel Loeb is happy to play the barbarian at the gate. With a reported net worth of $1.7 billion, Forbes put him at #292 on the list of wealthiest Americans. 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. Dorrance is the co-founder and managing director of DMB Associates, an Arizona real estate development firm that specializes in planned communities. Theyre sophisticated, and they know the New York hedge fund game.. 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. Dorrance Malone is the largest shareholder of Campbell Soup, the world's largest soup company. While many people who venture into the Disney Parks think of the service as a way to simply get their photo taken in front of the major park icons, theres a lot more to Disney PhotoPass than a click of the shutter button. in art history from Princeton University and a master's degree in sustainable leadership from Arizona State University. Geni requires JavaScript! Managing Director for the DFE Trust Company, VP of the Dorrance Family Foundation Bennett Dorrance, Jr. was born and raised in Arizona and currently works and resides on the Island of Hawai'i with his wife, Delphina, and their three beautiful children, Orion, Jax and Aurora. Dorrance is devoted to, and active in, the North Kohala community as an advocate and promoter for local farmers, local schools, alternative energy initiatives, mindfulness, and land and historic preservation. He said family board members frequently chimed in with helpful advice. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Dorrance Jr. is also a member of the Board of Directors of the Julie Ann Wrigley Global Institute of Sustainability at Arizona State University. Company Information: Company Name: 1HEART, LLC: Assumed/DBA Name: 1HEART HUB: Entity Type: broward health medical center human resources phone number; steve watson obituary poplar bluff mo He is a longtime Campbell's board member and holds a 15% stake in the company. The luxury residence of Campbell's billionaire Jack Dorrance has gone on the market more than 20 years after his death. 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. But analysts say the company has done too little to adapt to those changes. All Rights Reserved. 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. 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. At its heart: In the eyes of their cousins, Jack's branch of the family now represented by Ippy, Bennett and Mary Alice had wrongfully assumed primacy over the other branches. McLoughlin said, We are excited to welcome Bennett to the Campbell Board. Dorrance is the longest-serving member of Campbell's Board of Directors with 33 years of service. On behalf of Campbell and my fellow board members, we thank him for his many contributions to the company and wish him and his family the very best in his retirement.. And then there was the mansion itself or the 'entire village of complimentary buildings resembling a miniature Normandy' on the estate now all for sale. Its very much a shame. 2835 E. Washington Street 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. But Mr. McLoughlin, the interim chief executive, said that Mr. Loeb and his deputies had painted an overly pessimistic picture of the company. He married Mary Alice Bennett on 27 May 1943, in Joplin, Jasper, Missouri, United States. These passions are rooted in the operation of Dragon Heart Farm where regenerative practices fuel both how the land is farmed as well as what is farmed. The contacts are Bennett Dorrance Jr. Trust Dated December 11, 1989 (Bennett Dorrance, Jr., Trustee) and Leigh Delphina Dorrance Trust Dated June 15, 2016 (Leigh Delphina Dorrance, Trustee). Rebecca_Gardy@campbells.com, Media: To manage your email preferences, click here. Bennett Dorrance, another board member, is worth $2.6 billion. Not only did he deepen his understanding of the beneficial aspects of even a few worms and their castings, but discovered that, by way of earth passing through the worms gut (the miracle inch), the output is pathogen free. Since joining the Board, Bennett has helped to grow and protect Campbells legacy and guide management through many chapters, said Keith R. McLoughlin, Chair of the Board. 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. His expertise in sustainability and entrepreneurship will be an asset to the Board.. Even though he considered himself separated from his wife . 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. For Brooks, The ethos underlying everything is to source locally and to re-purpose materials that would otherwise end up in the landfill. 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. The hedge fund, I.S.S. The artist said he was inspired to do so because he 'used to have the same lunch every day for 20 years'. Were interlopers whove come in, and theyve decided to stick with the status quo, Mr. Loeb said in an interview. December 21, 1989. Campbell has a heritage of giving back and acting as a good steward of the environment. Please use our Premium/VIP service to join colleagues of Bennett Dorrance Jr listed below. 2023 Forbes Media LLC. His hedge fund and the company have spent months exchanging barbed letters. Hell call me and say, Why is Prego at this price point vs. Ragu?, These people are committed financially and committed personally, Mr. McLoughlin added. About Bennett Dorrance. 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. Dorrance Jr. earned his B.S. Spring2021update|FAQpage | Class flexibility for students | Novel coronavirus updates. From his worldwide experience in private aviation, Bennett has envisioned a hangar complex that will provide the highest level of amenities, security, safety and service. The inventory estimates they will get roughly $26.7 million apiece in addition to the $2 million trust funds Dorrance set up for each of the six directly. Brad Charron, CEO of ALOHA, discusses how ALOHA is working on these issues. Theirs is a world of privilege, complete with flying private planes and breeding and racing thoroughbreds. Jacquie Dorrance, a devoted mother and grandmother, born in Caracas, Venezuela, has for years dedicated her public life to bettering the lives of others. According to Philly.com, the soup heir left a vast inheritance after his death in 1989. Around the same time a company executive attended a Cornell-Penn football game and was moved by Cornell's red and white uniforms to suggest a redesign. This company was incorporated about thirty-one years, ago in September of 1991 in Scottsdale. Vice chairman on the Board of Directors of the Campbell Soup Co., Dorrance is managing director of DMB Associates, a diverse real estate and investment company. 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. 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. She does this as a leader in the philanthropic community and by guiding philanthropic investment in projects that will serve future generations. Box 700567, Kapolei, HI 96709 in Honolulu County. Dorrance will be succeeded on the board by his son Bennett Dorrance Jr., 51. . 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. 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 . Bennett Dorrance (Photo: Business Wire) Dorrance is the longest-serving member of Campbell's Board of Directors with 33 years of service. in a clan whose blood runs deep and blue, took a different stand. 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). Copyright 2023 Sitemap Privacy Policy Designed by Websites with Aloha Log in, Mamey Sapote A chemist by trade he was nephew of the general manager of the Joseph Campbell Preserve Company where he first worked and was grudgingly taken on. People Baking Manufacturers Campbell Soup Co. View Bennett Dorrance results including current phone number, address, relatives, background check report, and property record with Whitepages. As the worlds population rises, if we are to meet our global climate goals, our need for more sustainable, regenerative and holistic farming will need to increase. He oversaw the company's development into frozen dinners and was in charge when Andy Warhol painted his first Campbell's soup can. 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. For more information on Arizona Relay Service, please visit www.acdhh.org. 2023 Ballet Arizona. As children, family members would summer in Bar Harbor, Me., and dress up as Campbell kids and soup cans. Member, Board of Directors of the Global Institute of Sustainability and Innovation at ASU Biography Bennett Dorrance, Jr. was born and raised in Arizona and currently works and resides on the Island of Hawai'i with his wife, Delphina, and their three beautiful children, Orion, Jax and Aurora. Today he owns 15% of outstanding shares. Like his father, Bennett has a deep appreciation of Campbell’s history and passion for the business. What he found was the combined teachings of our fundamental right and need to be connected in service to Earth (Malama Aina), and the possibility of collective healing and awakening supported through Aloha-based culture. The familys opposition to Third Point, he said, was on the basis of bloodlines as opposed to whats good for the company., If they want to run the business that way, Mr. Islam added, then take the company private.. 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. Their battle will culminate on Nov. 29, when Campbell shareholders vote on a proposal by Third Point to take five seats on the companys board. Campbell Board elects Bennett Dorrance Jr. as a director. Dozens of family members depend on the dividends they receive from the company to underwrite their comfortable lives. We wish him and his family a healthy and happy retirement.. Bennett Dorrance. When her father died in 1989, she and her two brothers shared roughly one-third of the company. John Dorrance is an heir to the Campbell's Soup fortune; his grandfather invented the Campbell's formula for condensed soup. Dorrance also serves on the board of Heartwood Institute, and is owner of the popular Blue Dragon Restaurant and Spa. As a long-term shareholder, Bennett has been dedicated to the success of the business and continuing the legacy of his grandfather and father as a steward of Campbells long-term interests. The wife of a retired vice admiral, Stuart H. Ingersoll, she was 68 years. Since 1999 his Dorrance Scholarship Programs have helped send first-generation college students to Arizona's three public universities and South Mountain Community College. They had 6 children before Nancy died on December 23, 1896. James Regan Kohala Institute stewards 2,400 acres in North Kohala on the Island of Hawaii that includes the historic ahupuaa, Iole. Generations of consumers have trusted Campbell to provide delicious and affordable food and beverages. 3 Min Read. Dorrance also actively supports programs and projects that celebrate, honor and promote the culture and resources of Hawaii; preserving its history and its future. The Life of John Thompson. Mr. 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 improve quality of life in Arizona, California and Hawaii. Keith R. McLoughlin, the interim chief executive of Campbell, has acknowledged that the company lost focus. But he says the company has got a great brand, great products and great cash flow., Kriston Jae Bethel for The New York Times. This person is appointed in The Dorrance Family Foundation as a VICE-PRESIDENT. Dorrance Jr. is also a member of the Board of Directors of the Julie Ann Wrigley Global Institute of Sustainability at Arizona State University. Bennett Dorrance serves as Independent Director of the Company. The Larson Company Business Data 801 W 10th St Ste 300, Juneau, Ak 99801, Thane, Juneau. The company is a Nevada Domestic Limited-Liability Company, which was filed on September 11, 2018. in art history from Princeton University and a masters degree in sustainable leadership from Arizona State University. The agency Fine Homes say it is 'a welcoming, liveable family home' with 'intricately hand carved English paneling, English Oak flooring, 8 ornate fireplaces,' and three staff rooms. Food systems are major contributors to climate change. Bennett Dorrance, left, and Archbold D. Van Beuren, descendants of the Campbell founder, at the 2012 New Jersey Hall of Fame induction ceremony. With Skype, Call Campbell Soup at +1 856 . By Microsoft has removed the Birds Eye imagery for this map. As a major shareholder, Dorrance has provided extensive knowledge of Campbells history, organization and culture to his work on the Board. 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