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PepsiCo to Lehman to Campbell Soup

Posted on September 16, 2008 at 1:40 PM
Filed under: 2008 | July-Sept. 2008 | People | The Magazine
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TarkanGurkanCampbellMover.pngAfter seven years in corporate M&A at PepsiCo Inc. and Nabisco Foods Co., Tarkan Gurkan went to Lehman Brothers Inc. in 2001 to broaden his perspective and get a look at the strategies of other consumer food and beverage companies. The plan was to stay three or four years and then take what he'd learned back to a strategic. He ended up staying seven.

"I got sucked in," says Gurkan. "You keep chasing deals every day, and before you know it, the year is up. I didn't have time to think. When the market slowed down in 2007, I had time to think and realized I'd stayed past my life cycle in investment banking."

Not long after that, Campbell Soup Co. decided to formalize its internal M&A and to hire a dealmaker to lead it. Gurkan was an obvious choice, and in May he became its vice president of corporate development. Not only was Campbell a client, Gurkan and Campbell CEO Douglas Conant and former CFO Robert Schiffner went back 14 years to when the three worked together at Nabisco. - Suzanne Stevens



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