The managing director of Lion Nathan's Australian opertaitons Walter Bugno ha resigned to take up a post with Campbell Soup Company.

Bugno, 42, has been appointed president of Campbell's Asia Pacific Division, effective November.

As managing director of Lion Nathan in Australia, Bugno delivered five consecutive years of record profit growth, as well as market share growth.

"Walter Bugno is one of the region's top business leaders and we are absolutely delighted that he is joining our team," said Douglas R. Conant, Campbell president and chief executive officer. "He has a proven track record of delivering strong results in the marketplace and building talented teams in the workplace."