Blog: Why the status quo will prevail amid Hershey shake-out
Dean Best | 4 December 2007
With yet another top executive set to leave Hershey, rumours persist that a big announcement from the US confectionery giant is just around the corner.
The news that Thomas Hernquist, Hershey’s chief global growth officer, is to follow a gaggle of senior executives – including CEO Rick Lenny – out the door has fed speculation that the company could be sold.
In truth, the management shake-out at Hershey means just the opposite. The clear-out at boardroom level was instigated by The Hershey Trust, the company’s largest shareholder, which wants to remain in the driving seat.
And a roomful of new executives and a new man – Dave West – in charge, the trust must be hoping it can develop a team to pull together, develop a clear direction and revitalise the business.
Danone completed its US$12.5bn acquisition of WhiteWave Foods this week. The move will roughly double Danone's presence in North America, where WhiteWave is a top four dairy player. ...
Premier Foods plc revealed today (28 March) it has secured a deal with its pension scheme trustees that will see the UK food maker reduce its pension burden....
Hain Celestial, under the scrutiny of the investment community in recent months and facing some challenges in its domestic market, has announced another shuffling of its management pack....
FrieslandCampina, which today served up higher profits but lower sales for 2016, is ready to offload the last non-dairy business owned by the Dutch cooperative giant....
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