06:24 AM EDT, 10/08/2025 (MT Newswires) -- Campbell's (CPB) has appointed Freshpet ( FRPT ) Chief Financial Officer and food industry veteran Todd Cunfer as its new finance chief.

Cunfer, who has served as CFO of Freshpet ( FRPT ) since 2022, will succeed Carrie Anderson at Campbell's, effective Oct. 20, the company said late Tuesday. Cunfer's previous roles include CFO at Simply Good Foods (SMPL) and senior finance positions at Hershey (HSY).

"With more than two decades of food industry experience, (Cunfer) brings the expertise and perspective we need at this moment," Campbell's Chief Executive Mick Beekhuizen said in a statement. "His deep industry knowledge will be invaluable as we navigate the dynamic operating environment and continue executing our strategy to deliver sustainable, profitable growth."

In a separate statement, Freshpet ( FRPT ) said it appointed Vice President of Finance Ivan Garcia as interim CFO, effective Oct. 17. The pet food company has launched an external search to find a permanent successor to Cunfer.

"Ivan is well regarded by the board and leadership team for his depth of understanding of the Freshpet ( FRPT ) business model, and we are confident his leadership will ensure a smooth transition as we conduct a search for our next CFO," according to Freshpet ( FRPT ) CEO Billy Cyr. "(Cunfer) has been an integral part of Freshpet's ( FRPT ) success and profitability improvement, and with a strong foundation and Ivan's leadership as interim CFO, we remain well positioned to execute on our near and long-term growth strategy."

Freshpet's ( FRPT ) shares inclined 1.1% in the most recent premarket activity Wednesday, while Campbell's edged up 0.2%.

Additionally, Freshpet ( FRPT ) reiterated its full-year outlook issued in August. At the time, the company said it expected sales to grow by 13% to 16% in 2025 versus the previous year, while the current consensus on FactSet is for $1.11 billion. The company is scheduled to release its latest quarterly results next month.

In September, Campbell's said it anticipates adjusted earnings to be in a range of $2.40 to $2.55 per share for fiscal 2026, while the Street is currently looking for $2.48. The company also guided net sales to be flat to down 2%, compared with the average analyst estimate on FactSet for $9.95 billion.