The CEO of Hershey has a rich personal story, coming from humble roots, and has worked very hard for the company. Because of the CEO, the company has been recognized as one of America’s most female-friendly corporations. In today’s post, I will discuss everything about the CEO of the Hershey Company and the company’s history.
Who Is The CEO Of Hershey?
The CEO of Hershey is Michele Buck who is an American businesswoman. Michele became the first female chairman, president, and CEO of the Hershey Company in March 2017. Hershey is a popular American food manufacturing company. Michele replaced the former CEO of Hershey, John Bilbrey who was also the president of the company from 2011 to 2017.
You can keep on reading further to know more about the CEO of Hershey Company.
About The CEO Of Hershey
The current CEO of Hershey earned a bachelor’s degree from the Shippensburg University of Pennsylvania. She also received a Master of Business Administration degree from the University of North Carolina at Chapel Hill in 1987.
Before joining the company, Buck used to work at Kraft/Nabisco for 17 years. Here, she holds several senior positions including Senior Vice President and General Manager for Kraft Confections. He also holds senior positions at the Frito-Lay division of PepsiCo. However, at Hershey, Buck spearheaded the acquisition of Krave Beef Jerky and barkThins.
Before being appointed as CEO, Buck served as Chief Operating Officer for Hershey. Over here, she led the company’s day-to-day operations in North America. In 2016, it was announced that she will succeed John Bilbrey as CEO of the company.
In 2017, the company announced its first acquisition under Buck. It was a $1.6 billion deal to purchase Amplify Snack Brands and Hersey’s holdings in the healthy snack category. In fact, it is the largest deal to date in the history of the Hershey Company! Buck currently also serves on Hershey’s board of directors in New York Life. Here, she works as a Benefit Co-Chair for the Children’s Brain Tumor Foundation.
Later on, Michele Buck Hershey’s CEO was elected as the chairman of the board of directors at the Hershey Company in 2019. While serving as Senior Vice President and President of US Snacks at Hershey, Buck received the Women Worth Watching Award. She also received a Corporate Citizenship Award from the Committee for Economic Development or CED. In addition to this, Buck has been named multiple times to Fortune’s Most Powerful Women list too.
The CEO of Hershey, the salary of Buck is about $7,783,330. On the other hand, Michele Buck’s net worth is reported at least $84.9 million dollars as of 2022. She owns over 14,250 units of Hershey’s stock worth over $33,063,564. Over the last 18 years, she also sold HSY stock worth over $35,012,505.
John was the CEO and president of Hershey from 2011 to 2017. In addition to this, he is also a director of the company. He was the interim president and CEO for a month in 2011 after David J. West resigned. In fact, John was also the president of North America at the Hershey Company from 2007 to 2010. Before joining Hershey, he held executive jobs at Mission Foods and Danone Waters of North America Inc. John spent nearly 22 years at The Procter & Gamble Co. Over here, he worked in both U. domestic business and in international assignments.
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FAQ
What Is Hershey’s Net Worth?
Interactive chart of historical net worth (market cap) for Hershey (HSY) over the last 10 years. How much a company is worth is typically represented by its market capitalization, or the current stock price multiplied by the number of shares outstanding. Hershey net worth as of January 05, 2023 is $45.79B.
How Did Hershey Treat His Workers?
Hershey Workers to Vote on Unionizing at Plant Described as “Prison-Like” Employees described harsh conditions that include inequitable pay and benefits, favoritism and no structure for getting time off.
Which Is Bigger Hershey’s Or Nestle?
Hershey Company’s brand is ranked #42 in the list of Global Top 100 Brands, as rated by customers of Hershey Company. Their current market cap is $30.98B. Nestle USA’s brand is ranked #141 in the list of Global Top 1000 Brands, as rated by customers of Nestle USA. Their current valuation is $315.74B.
Is Hershey A Union Company?
Unions are nothing new to the Hershey company. (In fact, the first one was formed back in 1938, according to the Chocolate Workers Local 464.)
How Did Michele Buck Become CEO?
Prior to her appointment as CEO, Buck served as Chief Operating Officer for Hershey, where she led the company’s day-to-day operations in North America as well as operations in Central and South America. In December 2016, it was announced that she was to succeed John Bilbrey as chief executive officer of the company.
What Is Hershey’s Business Level Strategy?
This stemmed from observation of the prevailing products in the market and their consumer response. Hershey’s strategy thereby became two-pronged; create a unique, signature milk chocolate and produce in large quantities with low prices to reach most consumers.
Conclusion
Michele Buck is the current CEO of the Hershey company which is an American food manufacturing company. Before Michele John Bilbery was the old CEO of this food manufacturing company. The CEO of Hershey received the Women Worth Watching Award while serving at Hershey.
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