On December 17, 2016, the Board of Directors (the “Board”) of The Hershey Company (the “Company”) appointed Michele G. Buck to serve as the Company’s President and Chief Executive Officer, effective March 1, 2017. The decision was made following the review of internal and external succession candidates previously announced by the Company on October 14, 2016.
Ms. Buck, age 55, joined the Company in April 2005 as Senior Vice President and President, U.S. Snacks. In November 2005, she assumed the role of Senior Vice President, Chief Marketing Officer, U.S. Commercial Group and was promoted to Senior Vice President, Global Chief Marketing Officer in December 2007. Ms. Buck served as the Company’s Senior Vice President, Chief Growth Officer from September 2011 through May 2013, and was then promoted to President, North America. In June 2016, she was appointed to serve as the Company’s Executive Vice President, Chief Operating Officer, the position she held immediately prior to her appointment as President and Chief Executive Officer.
As a result of Ms. Buck’s appointment, John P. Bilbrey, the Company’s current Chairman, President and Chief Executive Officer, will now retire as President and Chief Executive Officer effective March 1, 2017. Mr. Bilbrey had previously informed the Board of his intention to retire effective July 1, 2017. Mr. Bilbrey will continue to serve as Non-Executive Chairman of the Board following his retirement from the Company.
Compensation arrangements for Ms. Buck and Mr. Bilbrey in connection with their new positions have not yet been determined.
About The Hershey Company (NASDAQ:BMTC) Bryn Mawr Bank Corporation is a holding company for The Bryn Mawr Trust Company (the Bank). The Company offers a range of personal and business banking services, consumer and commercial loans, equipment leasing, mortgages, insurance, and wealth management services, including investment management, trust and estate administration, retirement planning, custody services, and tax planning and preparation. The Company operates through two segments: Wealth Management and Banking. The Company’s Wealth Management segment offers various services, including trust administration, custody, investment management and advisory services, employee benefits, estate settlement, tax services and brokerage. Its Banking segment consists of commercial and retail banking. The Company operates through a network of approximately 30 full-service branches, eight limited-hour retirement community branches, five wealth offices and a full-service insurance agency.
The Hershey Company (NASDAQ:BMTC) Recent Trading Information The Hershey Company (NASDAQ:BMTC) closed its last trading session up +0.05 at 41.75 with 23,488 shares trading hands.
