US confectionery giant Hershey has announced the resignation of another director.
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Edward Kelly has resigned from Hershey’s board due to increased demands on his time after being named president of Citi Alternative Investments.
Kelly is the latest in a long number of executives to quit Hershey. In November of last year, Thomas Hernquist, the company’s global chief growth officer left the company. His depature followed that of Marcella Arline, Hershey’s chief people officer.
Those departures came just weeks after the Hershey Trust, the controlling shareholder in Hershey, shook up the company’s board of directors in a move that saw six directors leave.
President and CEO Dave West only took the top job at Hershey in October after his predecessor Rick Lenny quit amid rumours of tensions with the trust over the company’s strategy.
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By GlobalData
