The Hershey Company (HSY) announced that Michael Del Pozzo, President, U.S. Confection, is departing the company effective December 12. Michele Buck, The Hershey Company President and CEO, will assume leadership of the U.S. Confection Business while the company identifies a successor from among a strong pipeline of internal and external candidates. Del Pozzo is returning to PepsiCo (PEP) where he had worked his entire career prior to joining Hershey, and will assume a new leadership role. Buck will partner closely with the highly experienced U.S. Confection leadership team during this interim period to lead the business through its next phase of growth and advance Hershey’s Leading Snacking Powerhouse vision.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HSY:
- Hershey price target raised to $195 from $180 at Mizuho
- BofA moves to No Rating on Hershey amid Mondelez interest headlines
- Citi sees strategic rationale for Hershey deal, but also impediments
- Jefferies sees ‘higher probability’ of Hershey-Mondelez deal than in 2016
- Hershey dual stock structure makes deal difficult, says Piper Sandler