Campbell’s made the appointment amid a challenging financial climate, with its stock recently trading near a 52-week low and earnings forecasts under revision.
Palsgaard’s journey in Brazil began in 2008 with the opening of its first sales office.
Rubenstein’s immediate focus will be on accelerating retail expansion, with Khloud products set to launch at Walmart, Kroger, Albertsons, and Ahold this fall.
The appointment marks a strategic shift as iba prepares for its next edition scheduled for October 24-28, 2027, in Munich.
In his new dual role as President and CEO, Gunden will oversee all company operations while continuing to shape Herr’s strategic direction.