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.
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