Kenneth L. Wolfe, Chairman and Chief Executive Officer, Hershey Foods Corporation (NYSE: HSY), yesterday announced that Frank Cerminara has been named Vice President, Chief Financial Officer and Treasurer of the Corporation. Cerminara succeeds William F. Christ who, in a related announcement, has been named Executive Vice President and Chief Operating Officer, Hershey Foods Corporation.
In making the announcement, Wolfe said, “Frank Cerminara’s appointment as Vice President, Chief Financial Officer and Treasurer is good news for Hershey. Frank has a solid grounding in finance as well as an extensive background in areas of critical importance to our company. He also led the company’s recovery efforts in the order fulfillment area following last year’s distribution difficulties. Finally, Frank is intimately familiar with our new enterprise-wide information system and is uniquely qualified to ensure that we benefit from the powerful analytical capabilities of this system.”
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Cerminara, a Vice President of the Corporation, has been Process Owner – Order Fulfillment, since early 2000, with responsibility for activities including inventory planning and deployment, customer order management, and transportation planning. Prior to this, he served as Vice President, Procurement, with responsibility for commodities, packaging and facilities purchasing, a position he had held since 1994. Cerminara joined Hershey Foods in 1972 as a Budget Analyst and held a variety of positions in finance and marketing prior to joining the Corporate Commodities Department in 1981. He was named Director, Commodities in 1985 and became Vice President, Corporate Development and Commodities in 1988.
Cerminara is a 1970 graduate of West Virginia University with a B.S. in Industrial Engineering. He received an MBA in Corporate Finance from the Wharton School of the University of Pennsylvania and completed the Stanford University Executive Management Program. He is a member of the Coffee, Sugar and Cocoa Exchange and has served on its Board of Managers. He also is a former Board member of the Cocoa Merchants Association. Cerminara and his wife, Susan, live in Hershey, Pa.
