At 33, Garcia pleaded guilty in 1990 to a bank fraud charge related to his dealings with Lincoln Savings & Loan. Third Point should be an ally, not an enemy, he said. harmful content Generations of consumers have trusted Campbell to provide delicious and affordable food and beverages. They are proud of Campbells but introverted. 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. FT COMPLEX 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. WORLD-CLASS DESIGN For screen reader problems with this website, please call 1-844-995-5545. Bennett Dorrance's house. Dozens of family members depend on the dividends they receive from the company to underwrite their comfortable lives. 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.. 1. Contact Bennett directly. Also, he sits on the board of theArizona based IT consulting firm,Insight Enterprise. Arizona that sometimes houses his vintage car collection. encounter on this site by using the form below. THE TEAM. Bennett Dorrance is a grandson of Campbell Soup founder John T. Dorrance. (His father's) will left the bulk of his estate to his grandchildren in six equal shares. With 59.5 percent of its stock, the Dorrances represent one of the tightest concentrations of family power in corporate America. 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. He is one of the firm's founders. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. Archbold D. Van Beuren, a Dorrance descendant and one of three family members on the Campbell board, said the company was working on a plan to turn itself around before Mr. Loeb showed up. Scarlett Johansson. Parsons now owns shopping malls, motorcycle dealerships, an ad agency and a golf club. He is a graduate of the University of Arizona. Ripe mamey fruit has a creamy t. Buddha's Hand looking like a Kraken head! About John "Ippy" Dorrance. 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. 10 American Billionaire Families Who Control Humongous Corporations/Brands. Delivered from our family to yours. For more information, visit www.campbellsoupcompany.com or follow company news on Twitter via @CampbellSoupCo. Bennett Dorrance (Photo: Business Wire) Dorrance is the longest-serving member of Campbell's Board of Directors with 33 years of service. Bennett Dorrance's House in Paradise Valley, AZ (Google Maps) 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. He was elected to the Board in 1989, was Vice-Chairman from 1993-1996 and has . 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. 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. Theirs is a world of privilege, complete with flying private planes and breeding and racing thoroughbreds. Security is state-of-the-art with access limited to members, crews, and their guests. Its an approach he has used before as an activist investor with a knack for acquiring stakes in companies that have been underperforming. Discount Tire is the largest retailer of wheels and tires in the US. Having multiple planes in one location allows a pool of highly trained pilots and mechanics to offer members the tremendous benefit of shared resources. 5.8 ACRES OF LAND Yet since Jack's death, the Dorrances have become a clan without a leader, a family without a shared purpose. In addition, he makes $128,000 as Independent Director at Campbell Soup Co. Condensed soup inventor's grandson retires from Campbell's board McLoughlin said, We are excited to welcome Bennett to the Campbell Board. We recognize Bennett Dorrance, another board member, is worth $2.6 billion. Anyone can read what you share. Heres a look at the Top 5 in Arizona, according to Forbes: Arturo Moreno is the owner of the Los Angeles Angels baseball team, which he bought in 2003 for $184 million. Dorrance also actively supports programs and projects that celebrate, honor and promote the culture and resources of Hawaii; preserving its history and its future. All rights reserved. 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. Bennett Dorrance net worth: Bennett Dorrance's net worth is $2.6 billion dollars which makes him one of the richest people in Arizona. Theyre all in. 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. 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. Bennett Dorrance Net Worth | Celebrity Net Worth The grandson of John T. Dorrance, the inventor of condensed soup, Bennett Dorrance owns a 15% stake in Campbell Soup. Related by financial asset: Campbell Soup Co. View Profile. One Campbell Place Elton John Splurges On Luxury Toronto Apartment, Poppy Montgomery Sued $48,000 By Former House Helper For Unpaid Wages, Tommy Lee Re-Lists Former Suburban Los Angeles Lair For $4.5 Million. 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. Since 1989, he was a part of the board of the company and currently, he owns 15% of the company's total shares. Happy 11/11 and Aloha Friday Fam! DMB Associates, Inc. See who you know in common.