He keeps a low profile but apparently remains on good terms with his brother Joe, who still runs the U-Haul business. Staff are currently implementing practices to address offensive or For more information, visit www.campbellsoupcompany.com or follow company news on Twitter via @CampbellSoupCo. Bennett Dorrance, Owner. The great granddaughter of the late John T. Dorrance inventor of condensed soup and president of the Campbell Soup Co. from 1914-1930 and daughter of billionaire real estate developer Bennett Dorrance who retains a 15-percent stake in Campbell's Kaplan is owner and president of Arizona-based Bellisima Ranch, a full-service horse boarding and training facility. Dorrance is the longest-serving member of Campbell's Board of Directors with 33 years of service. Most recently, Dorrance was a member of the Boards Compensation and Organization, and Governance committees. 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. Welcome to Bennett's Detailing a Locally owned and operated Premium Automotive Detailing Business Bennett's Detailing | Orange NSW (856) 342-6081 8,000 FOOT RUNWAY He is one of the firm's founders. McLoughlin said, We are excited to welcome Bennett to the Campbell Board. SVP, Chief Investor Relations OfficerIR@campbells.com, Campbell Soup Company Single photocopies may be made for research purposes. The company has run into very hard times and has been undermanaged and undersupervised., But Mr. Loeb, who controls more than 7 percent of Campbell stock through Third Point, will need to win over many more shareholders to be successful. Bennett Dorrance was born on 1946. My cousins were complacent and ignored the truth, said Mr. Strawbridge, who owns nearly 3 percent of the company. Brother of John "Ippy" Dorrance and Mary Alice Malone, Co-chair of the Governance committee of Cambell Soup. If you have a question about who owns the copyright for an item, you may request clarification by contacting us through the Ask Us! Copyright 2023 AZ Big Media | All Rights Reserved | Site by Blufish, Ranking Arizona: Top 10 cybersecurity companies for 2023, Heres how the Joy Bus helps home-bound cancer patients, How Small Business Boot Camp boosts Arizonas small business community. But Mr. McLoughlin, the interim chief executive, said that Mr. Loeb and his deputies had painted an overly pessimistic picture of the company. 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. He is a real estate developer who collects vintage cars and is a pilot with his own private hangar in Arizona. Kohala Institute stewards 2,400 acres in North Kohala on the Island of Hawaii that includes the historic ahupuaa, Iole. Dorrance also actively supports programs and projects that celebrate, honor and promote the culture and resources of Hawaii; preserving its history and its future. This free service provides you with electronic access to annual shareholder materials. Bennett has sat on the company's board since 1989. A licensed pilot, Dorrance owns a private hangar in Scottsdale, Arizona that sometimes houses his vintage car collection. Private jet hangar complex unlike any other. After submitting your request, you will receive an activation email to the requested email address. It may be hard to think of a fellow billionaire as an outsider in this milieu, but thats how Mr. Loeb and Third Point portray their fight with the Dorrance clan. For more information, visit www.campbellsoupcompany.com or follow company news on Twitter via @CampbellSoupCo. Delivered from our family to yours. Mr. report this anonymously, you may leave the name and email fields blank. Mr. Strawbridge said that was the kind of deal he was hoping for when he teamed up with Mr. Loeb. A licensed pilot, Dorrance owns a private hangar in Scottsdale, Arizona that sometimes houses his vintage car collection. The magazine said it used stock prices and exchange rates from Feb. 7, 2020, to compile the list, so their estimates fortunes have likely changed due to the impact of the coronavirus crisis. For quotations that are fair use as defined under U. S. Copyright Law, no permission to cite or publish is required. Bennett Dorrance's house. He is the son of John T. "Jack" Dorrance Jr. (1919-1989), and grandson of John Thompson Dorrance. Like his father, Bennett has a deep appreciation of Campbells history and passion for the business. By providing your email address below, you are providing consent to Campbell Soup Company to send you the requested Investor Email Alert updates. Theres lots to work with.. Bennett Dorrance. News on all your favorite celebs, reality TV, and movies. Campbell could, for example, give Mr. Loeb a few seats on the board while letting the family retain its influence. 13 talking about this. 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. He said family board members frequently chimed in with helpful advice. As a major shareholder, Dorrance has provided extensive knowledge of Campbell’s history, organization . Retweets. 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. Materials in this collection are subject to the terms of the University Archives Access Policy. 16. Munib Islam, a Third Point partner who is one of the hedge funds candidates for a board seat, said Campbell had lost sight of the interests of nonfamily shareholders. You can sign up for additional alert options at any time. Bennett Dorrance, left, and Archbold D. Van Beuren, descendants of the Campbell founder, at the 2012 New Jersey Hall of Fame induction ceremony. He also created the Dorrance Scholarship award, which gave $65,000 to twenty-seven Arizona students who were the first members of their families to attend college in 2011. If copyright is held by Princeton University, researchers will not need to obtain permission, complete any forms, or receive a letter to move forward with non-commercial use of materials from the Mudd Library. 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. The company is a member of the Standard & Poors 500 as well as the FTSE4Good and Bloomberg Gender-Equality Indices. Dec 17, 2020. Passed Campbell Soup business on to son, 3 daughters. create, use, and are represented in the collections we manage. Carvana was founded by Garcias son, Ernest Garcia, III, as a subsidiary of DriveTime Automotive and was later spun out. Bennet Dorrance graduated with a Bachelor of Arts from the University of Arizona, and inherited his wealth from his grandfather, who founded the very successful Campbell's Soup Company. With 59.5 percent of its stock, the Dorrances represent one of the tightest concentrations of family power in corporate America. Were interlopers whove come in, and theyve decided to stick with the status quo, Mr. Loeb said in an interview. Dorrance Jr. earned his B.S. For screen reader problems with this website, please call 1-844-995-5545. He says his time as a U.S. Marine in the Vietnam War, where he received a Purple Heart medal and combat action ribbon, helped him in business. Bennett Dorrance, the dreamer and visionary behind Hangar One is a lifelong flight enthusiast and passionate aviator who has been a pilot since 1965. . 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. He is the grandson of company founder and condensed soup inventor John T. Dorrance. Discount Tire is the largest retailer of wheels and tires in the US. encounter on this site by using the form below. (856) 219-6409 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. The World's Most Entertaining Car Website, Bachelor of Arts from the University of Arizona, Here's How Drew Barrymore Made Her $125 Million Fortune, Kanye West Allegedly Restricted By Instagram, Twitter Due To Violating Policies, Harry Styles Canceled His First-Ever Show In Chicago, Kim Kardashian To Pay $1.26 Million Due To Instagram Ad Illegally Hyped Crypto, The Weeknd And Lily-Rose Depp In Upcoming HBO Max Series 'The Idol', Inside Lonsdaleite Estate: The $185 Million Swiss Ice Palace, Moving To Canada? 2. Arizona that sometimes houses his vintage car collection. Dorrance is the longest-serving member of Campbells Board of Directors with 33 years of service. Having multiple planes in one location allows a pool of highly trained pilots and mechanics to offer members the tremendous benefit of shared resources. Dorrance is a founding partner of DMB Associates, a real estate development firm with projects in Arizona, Utah, California and Hawaii. Rebecca Gardy THE TEAM. Bennett Dorrance, Jr., moved to Hawaii in search of a different way to be on Earth, to be a practicing heartist. You might be interested to know more about Bennett Dorrance. <br><br>We are based local in Tom Price with a large 9000m2 service yard incorporating . McLoughlin said, We are excited to welcome Bennett to the Campbell Board. At Hangar One, he will also showcases his personal collection of vintage automobiles in a special viewing gallery. We need change, Mr. Van Beuren said. Multibillion-dollar acquisitions under her watch have done little to lift profits while leaving the company with billions in debt. Connect to the World Family Tree to find out, Apr 1 1950 - Monk Rd, Lower Merion Township, Montgomery, Pennsylvania, United States. Having multiple planes in one location allows a pool of highly trained pilots and mechanics to offer members the tremendous benefit of shared resources. The Dorrance Scholarship, established by Bennett and Jacquelynn Dorrance . He said he had gotten calls from Ms. Malone during store visits, complaining about the packaging of its new Well Yes! Camden, NJ 08103. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. 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. As a subscriber, you have 10 gift articles to give each month. Bennett Dorrance to Retire from Campbell Board of Directors. 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. The Dorrance Scholarship, established by Bennett and Jacquelynn Dorrance in 1999, has supported 150-plus first-generation college students in Arizona. 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. Bennett Dorrance, another board member, is worth $2.6 billion. 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. Were seeking change.. As of 2012, Halle is the 255th richest person in the world, with a net worth of $4.2 billion according to Forbes. Hes got the money, about $3.1 billion. 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. 808-889-6808manager@touchingtheearthfarm.com, Copyright 2023 Sitemap Privacy Policy Designed by Websites with Aloha Log in, Our behind-the-scenes, gentlelady farmer made a sm, Aloha, So cool! He is a longtime Campbell's board member and holds a 15% stake in the company. As a subscriber, you have 10 gift articles to give each month. . 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. Initiatives focus on sustainability, education, arts and culture, and contemplation. One Campbell Place View our privacy policy. The founder of the Discount Tire chain owns this 15,900 sq. Anyone can read what you share. Since 1989, he was a part of the board of the company and currently, he owns 15% of the company's total shares. Bennett Dorrance, Mark Shoen, Bob Parsons, and Ernest Garcia II round out the Top 5 richest in Arizona. Bennett Dorrance's House (Google Maps). All net worths are calculated using data drawn from public sources. For materials where the copyright is not held by the University, researchers are responsible for determining who may hold the copyright and obtaining approval from them. James Regan The oldest of 11 children, Moreno was drafted into the Vietnam War. You may opt out at any time. Spring2021update|FAQpage | Class flexibility for students | Novel coronavirus updates. As a major shareholder, Dorrance has provided extensive knowledge of Campbells history, organization and culture to his work on the Board. 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. The heir to the Campbell Soup fortune lives here. Its a tradition Mr. Strawbridge enjoys a bowl of Campbell Soup every day, usually tomato. Dorrance is a founding partner of DMB Associates, an Arizona . Bennett Dorrance net worth: Bennett Dorrance's net worth is $2.6 billion dollars which makes him one of the richest people in Arizona. If you would prefer to Campbell's Soup has expanded over the years and now includes such brands as Pace Salsa, V8 Juice, Swanson broths, and Pepperidge Farm cookies. Dorrance Jr. is also a member of the Board of Directors of the Julie Ann Wrigley Global Institute of Sustainability at Arizona State University. Princeton University Library aims to describe archival materials in It is now worth $1.9 billion. Dorrance family. Today he owns 15% of outstanding shares. 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.. fastest race laps: 1996 Racing: 1 race: 0 wins: 0 podiums: 0 pole position: 0 fastest race laps: 1995 Racing: 1 race 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. As of November 2015, Forbes estimated his net worth at US$2.6 billion. CAMDEN, N.J.- (BUSINESS WIRE)- Campbell Soup Company (NYSE:CPB) announced today that Bennett Dorrance has decided to retire from the company's Board of Directors. 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. His expertise in sustainability and entrepreneurship will be an asset to the Board.. 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. Theyre all in. We welcome all corrections and feedback using the button below. Line services are available 24 hours a day, 7 days a week. Built in 2003 Scottsdale Hangar One is born of a vision as the first and only of its kind, a completely private jet hangar complex unlike any other globally. line of ready-to-eat soups. A licensed pilot, Dorrance owns a private hangar in Scottsdale, Arizona that sometimes houses his vintage car collection. 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 . It calls for selling international operations, like Arnotts Biscuits in Australia; getting out of the refrigerated soup business; and unloading its Bolthouse Farms unit. Please enable JavaScript in your browser's settings to use this part of Geni. It also allows members at Hangar One to hire only the very best. 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. The Campbell Soup Co. announced that Bennett Dorrance has decided to retire from the company's board of directors. Much of the company's success was due to elder Dorrance's invention of condensed soup. These passions are rooted in the operation of Touching The Earth Farm where regenerative practices fuel both how the land is farmed as well as what is farmed. He has stakes in other billboard advertising companies, though the bulk of his fortune is now in the Angels. Parsons now owns shopping malls, motorcycle dealerships, an ad agency and a golf club. 2023 Celebrity Net Worth / All Rights Reserved. Charlotte Colket Weber. 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. Campbell is clearly struggling. In late August, management released a plan to revitalize the company. . Quote Tweet. ArgueMax Site Admin Posts: . Grandson of John T. Dorrance, the inventor of the famous canned soup formula, Bennett Dorrance owns a 15% stake in Campbell Soup Co. Dorrance is a founding partner of DMB Associates, a real estate development firm with projects in Arizona . Campbell Soup is actually considered as the world's largest maker of soup. CAMDEN, N.J.(BUSINESS WIRE) Campbell Soup Company (NYSE:CPB) announced today that Bennett Dorrance has decided to retire from the companys Board of Directors. The company would return its focus to soup and popular snack brands like Goldfish, Pepperidge Farm cookies and Snyders of Hanover pretzels. The company is a member of the Standard & Poors 500 as well as the FTSE4Good and Bloomberg Gender-Equality Indices. Student Academic Files are restricted during the lifetime of the student. Happ, We are so excited to welcome these hard working po, Life is subLime here at Dragon Heart Farm form. DMB Associates is areal estate development firm currently based in Arizona which specializes onplanned communities. 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 files contain grades, transcripts, and other information relating to the subject's academic career. He is a graduate of the University of Arizona. Mr. Dorrance is the grandson of John T. Dorrance, PhD, the inventor of condensed soup and president of the company from 1914-30, and the son of John T. Dorrance Jr., a former chair of the company from 1962-84. Alumni Jacquelynn and Bennett Dorrance have made a gift commitment of $5.4 million to endow the deanship of the University of Arizona College of Humanities in support of efforts to integrate traditional and cutting-edge approaches into humanities teaching and learning.. Dean Alain-Philippe Durand is the inaugural holder of the Dorrance Endowed Deanship. Dorrance is the longest-serving member of Campbells Board of Directors with 33 years of service. Arizona has nine billionaires in 2020 according to Forbes Magazines annual list of the worlds richest people. 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.. Son of John Thompson Dorrance, Jr. and Mary Alice Dorrance James_Regan@campbells.com, Rebecca Gardy Dorrance also serves on the board of Heartwood Institute, and is owner of the popular Blue Dragon Restaurant and Spa. 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. STATE-OF-THE-ART SECURITY. He is a real estate developer who collects vintage cars and is a pilot with his own private hangar in Arizona. But they say Mr. Loeb is just looking to make a quick profit on his investment and doesnt have the companys long-term interests at heart. He was a native of Cinnaminson, N.J., and a graduate of the St. George's School in Newport, R. I., and Princeton University. Bennett Springs 6063; North Fremantle 6159; Hammond Park 6164; Singleton 6175; Coolbinia 6050; South Fremantle 6162; Stirling 6021; Two Rocks 6037; Kiara 6054; individuals, places, or events, mislabeled folders, misfiled papers, etc. 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. #181 Bennett Dorrance Net Worth: $1.7 billion Source: Food, inheritance Inherited Age: 56 Marital Status: Married, 2 children Hometown: Paradise Valley, AZ Education: University of Arizona, Bachelor of Arts / Science Grandchild of John T. Dorrance, inventor of condensed soup process. 1998 Racing: 1 race: 0 wins: 0 podiums: 0 pole position? 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 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. Campbell Soup Company (NYSE:CPB) announced today that Bennett Dorrance has decided to retire from the companys Board of Directors. Dorrance is a founding partner of DMB Associates, an Arizona real estate development firm. Generations of consumers have trusted Campbell to provide delicious and affordable food and beverages. May this day be, Happy Aloha Friday Everyone We recognize He is also known as "Ippy" Dorrance. Contact Bennett directly. He has previously waged campaigns at Nestl, Yahoo, Baxter International and Sothebys, many of which entailed months of bruising public-relations battles. Its very much a shame. Submit a correction suggestion and help us fix it! 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. As a major shareholder, Dorrance has provided extensive knowledge of Campbells history, organization and culture to his work on the Board. Shoen is also owner of one of the largest private self-storage operations in the U.S., which does business with U-Haul. Parsons founded its predecessor firm Jomax Technologies in 1997 and changed the name to GoDaddy in 2000. By submitting this form, you agree to receive communications, including product information, from Campbell Soup Company. As children, family members would summer in Bar Harbor, Me., and dress up as Campbell kids and soup cans. 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. 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