Blog: Dean BestWhy 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.


BLOG

We wish you a merry Christmas

Today (23 December) is just-food's last day before closing for Christmas. We'll return, raring to go on Tuesday 3 January - but of course there's been plenty of top-notch content that has gone live in...

BLOG

UK food associations come together on Brexit

The plethora of food manufacturing associations in the UK has been argued by some to be an impediment to the industry coming to a coherent position on the aftermath of Brexit and on what the sector sh...

just-food homepage



Forgot your password?