Campbell has launched a search for a successor.
Abrams-Rivera – who led the successful turnaround for Campbell’s Pepperidge Farm brand – will continue to run the Snacks division until the end of the company’s fiscal second quarter on January 26, 2020.
Campbell president and CEO Mark Clouse then will head the division until a new leader is in place.
“We are confident that we will attract a world-class executive to lead our talented Snacks management team and continue to grow this differentiated portfolio of brands,” said Clouse.
Campbell Snacks expanded dramatically in 2018 with Campbell’s $6.1bn acquisition of Snyder’s-Lance. Snacks sales rose 2% to $989m in first-quarter fiscal 2020.
Abrams-Rivera – previously president of Pepperidge Farm – was appointed president of Campbell Snacks in April 2019.
The division generated approximately $3.8bn in net sales in fiscal 2019 and is focused on accelerating the growth of its portfolio, including Goldfish, Snyder’s of Hanover, Kettle Brand, Cape Cod, Snack Factory Pretzel Crisps and Late July, among others.
According to IRI data for the 52 weeks ending December 29, 2019, the combination of these brands makes Campbell the No. 3 snacks company in the US.
Abrams-Rivera is also executive vice president of Campbell Soup.
