Fabiola R. Arredondo
CAMPBELL'SAbout Fabiola R. Arredondo
Fabiola R. Arredondo (age 58) has served as an independent director of The Campbell’s Company since 2017 and is a member of the Audit and Finance & Corporate Development Committees. She is Managing Partner of Siempre Holdings (since 2001) and previously held senior operating roles at Yahoo!, the BBC, and Bertelsmann. She holds a BA in Political Science from Stanford University and an MBA from Harvard Business School .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Yahoo! Inc. | Senior operating roles | Not disclosed | Digital/media operating leadership |
| British Broadcasting Corporation (BBC) | Senior operating roles | Not disclosed | Media operations and strategy experience |
| Bertelsmann SE & Co. KGaA | Senior operating roles | Not disclosed | International operating experience |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Fair Isaac Corporation (FICO) | Director | 2020 – present | Public company board governance experience |
| Burberry plc | Director | 2015 – 2025 | Public company board tenure through 2025 |
Board Governance
| Item | Detail |
|---|---|
| Independence | Board affirmed Arredondo’s independence under Nasdaq and CPB Independence Standards |
| Committee Assignments (FY2025) | Audit (member); Finance & Corporate Development (member) |
| Committee Chairs | Audit Chair: Howard M. Averill; Finance & Corporate Development Chair: Maria Teresa Hilado (Arredondo is not a chair) |
| Committee Meeting Counts (FY2025) | Audit: 9; Finance & Corporate Development: 5 |
| Attendance | All directors attended at least 85% of Board and Committee meetings in fiscal 2025 |
| Executive Sessions | Independent directors regularly meet in executive session |
| Majority Voting | Majority vote standard in uncontested elections with resignation policy upon failure |
| Charters | Four standing committees (Audit, Compensation & Organization, Finance & Corporate Development, Governance); charters available online |
Fixed Compensation
| Component (2025 Program) | Amount ($) | Notes |
|---|---|---|
| Annual Cash Retainer | 119,000 | Paid quarterly; directors may elect stock in lieu of cash |
| Annual Stock Retainer | 167,000 | Increased by $10,000 in 2025 to maintain median; paid quarterly |
| Audit Committee Member Retainer (excl. Chair) | 7,500 | Additional retainer; delivered 50% cash / 50% stock |
| Committee Chair Retainers | Audit: 30,000; Compensation: 25,000; Finance & Corp Dev: 20,000; Governance: 20,000 | Additional retainers; delivered 50% cash / 50% stock |
| Board Chair Annual Retainer | 350,000 | Non‑executive Chair retainer unchanged since 2019 |
| Payment Timing | Paid in arrears in four equal quarterly installments (Mar 31, Jun 30, Sep 30, Dec 31); FY2025 payments on/around Sep 27, 2024; Dec 31, 2024; Mar 28, 2025; Jun 27, 2025 |
| Arredondo Director Compensation | FY 2024 ($) | FY 2025 ($) |
|---|---|---|
| Fees Earned or Paid in Cash | 122,750 | 122,750 |
| Stock Awards (Grant Date Fair Value) | 158,250 | 165,750 |
| Total | 281,000 | 288,500 |
Performance Compensation
| Item | FY 2024 | FY 2025 |
|---|---|---|
| Performance Criteria on Director Equity Awards | None; director stock grants fully vested at grant | None; director stock grants fully vested at grant |
| Unvested Director Stock Awards at Year-End | None | None |
| Options/RSUs Acquirable Within 60 Days | 0 | 0 |
| Clawback/Hedging/Pledging | Anti‑hedging; anti‑pledging; clawback policies in place (board‑level) |
Other Directorships & Interlocks
| Company | Role | Tenure | Interlock Notes |
|---|---|---|---|
| Fair Isaac Corporation (FICO) | Director | 2020 – present | No Compensation Committee interlocks at CPB; all members independent |
| Burberry plc | Director | 2015 – 2025 | No interlock disclosures involving Arredondo; independence affirmed |
Expertise & Qualifications
- Digital technology and media operating leadership; e‑commerce distribution; digital marketing/sales initiatives .
- Strategic transactions; investment acquisition, integration and disposition experience .
- Public/private/non‑profit board experience; business model transformation expertise .
Equity Ownership
| As-of Date | Shares Beneficially Owned | Shares Acquirable Within 60 Days | Phantom Units in Deferred Accounts | Percent of Class | Shares Outstanding |
|---|---|---|---|---|---|
| Sep 24, 2025 | 27,006 | 0 | 0 | * (<1%) | 297,703,053 |
- Director stock ownership guideline: within 5 years, hold stock/deferred stock units equal to 5x annual cash retainer; all directors met or are on track .
- Policy prohibiting hedging and pledging; no existing pledge agreements for any director .
Governance Assessment
- Strengths: Independent status; service on Audit (financial literacy) and Finance & Corporate Development (capital structure, M&A oversight) committees; attendance ≥85% threshold met; robust anti‑hedging/anti‑pledging policies; majority voting with resignation policy; independent committee composition and accessible charters .
- Alignment: Compensation predominantly fixed (cash + stock) with increased equity retainer to reinforce shareholder alignment; director grants fully vested at grant; ability to elect stock in lieu of cash; deferred comp available but Arredondo shows zero phantom units, suggesting no deferral in FY2025 .
- Other board service: FICO (ongoing) and Burberry (through 2025); CPB’s overboarding limits in Corporate Governance Standards mitigate time‑commitment risk; no interlock concerns disclosed for Arredondo .
- Shareholder signals: 2024 Say‑on‑Pay approval at 96%, supportive governance/compensation backdrop .
- RED FLAGS: None disclosed specific to Arredondo—no related‑party transactions reported requiring disclosure, no hedging/pledging, independent committee service, attendance threshold met .