Sector News

Hershey Names Patricia A. Little as Financial Chief

February 27, 2015
Consumer Packaged Goods
Hershey Co., which said in September that Chief Financial Officer David W. Tacka was retiring, on Thursday named Patricia A. Little to succeed him, effective March 16.
 
Ms. Little is chief financial officer of staffing company Kelly Services Inc. She joined Kelly Services in 2008 after 24 years at Ford Motor Co.
 
Meanwhile, Kelly Services said its corporate controller and chief accounting officer, Olivier Thirot, will be acting chief financial officer.
 
In January, Hershey said it would buy beef jerky companyKrave Pure Foods Inc. Hershey has had sluggish sales in certain U.S. stores and international markets, on top of rising costs for ingredients such as dairy and cocoa. The company projected 2015 earnings below Wall Street estimates in January and reaffirmed the outlook this month.
 
Hershey Co. said last week that it would transition to using simpler and fresher ingredients in products such as Hershey’s Kisses, a move that comes after a similar announcement by rival Nestlé SA .
 
By Josh Beckerman
 

comments closed

Related News

May 4, 2024

Emergent Cold LatAm opens ‘Chile’s largest’ frozen food warehouse

Consumer Packaged Goods

Temperature-controlled storage and logistic solution provider, Emergent Cold LatAm, has opened ‘Chile’s largest’ frozen food warehouse. Located in Talcahuano, a region renowned for its seafood and fruit production and exports, the warehouse represents a strategic enhancement of the local cold chain infrastructure.

May 4, 2024

Asahi Beverages buys Australian gin manufacturer Never Never

Consumer Packaged Goods

Never Never gin will be sold through Asahi’s alcohol division, Carlton & United Breweries (CUB). According to the company, the acquisition – which won’t impact daily operations – will enable Never Never’s premium gin to reach a wider customer base while enhancing support and product offerings for existing customers.

May 4, 2024

Coca-Cola Europacific Partners CFO resigns, moves to Diageo

Consumer Packaged Goods

Coca-Cola Europacific Partners (CCEP) announced today the forthcoming departure of Nik Jhangiani, senior vice president and chief financial officer, with plans underway to identify his successor. Jhangiani will be stepping down to assume the role of CFO at Diageo later this year.

How can we help you?

We're easy to reach