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

A bad fortnight for self-regulation

Recent events in Canada, Brussels and the UK suggest the task of defending self-regulation as the best way to prevent the commercial activities by food companies from exacerbating childhood obesity is...

BLOG

Reckitt Benckiser clears final Mead Johnson hurdle

The final regulatory approval needed for the UK-based consumer goods giant's takeover of the US infant formula maker has been received, with the US$17.9bn deal set to be completed on Thursday (15 June...

BLOG

Barilla puts sustainability centre stage

Barilla's 2016 results statement, published last week, makes interesting reading, not because of the Italian food group's commercial performance, but for the emphasis placed on sustainability achievem...

just-food homepage



Forgot your password?