Sector News

Hershey in search of new CFO

August 16, 2018
Food & Drink

Patricia A. Little, senior vice-president and chief financial officer of The Hershey Co., has informed the company of her intention to retire in the spring of 2019. She has held her role since joining the company in 2015. Hershey has commenced a search for Ms. Little’s successor.

“Patricia has been a critical leader at Hershey providing counsel and partnership as I took the helm and charted a new vision for the company,” said Michele Buck, president and chief executive officer. “Patricia has been instrumental in helping create a more profitable and sustainable international business model, instilling a more disciplined cost management model across the enterprise, and successfully leading the company’s financial systems implementation, an important piece of our ERP transformation. She will remain a strong partner to me and the business as we plan for her transition.”

Prior to joining Hershey, Ms. Little was executive vice-president and c.f.o. at Kelly Services, Inc., where she led strategic investments and expansion during the recession, identified opportunities in emerging markets and helped execute a joint venture.

“After more than a decade as a c.f.o. for two public companies, I am looking forward to a more relaxed lifestyle,” Ms. Little said. “Hershey is a wonderful company with a great future ahead of it. I will continue to be focused on delivering our 2018 commitments and setting up the business with a strong 2019 plan.”

By Monica Watrous

Source: Food Business News

comments closed

Related News

June 24, 2022

Carlsberg announces resignation of CFO Heine Dalsgaard

Food & Drink

Carlsberg has announced the departure of its chief financial officer (CFO), Heine Dalsgaard, after six years in the position. In a statement, Carlsberg said that Dalsgaard was resigning from the post to take up the role of CFO at a private equity-backed company in a different industry.

June 24, 2022

Kellogg to split into three companies, focus on snacks

Food & Drink

Kellogg will split into three independent companies to focus on the snack business, Reuters reported Tuesday. The snacking portfolio will comprise the main business, while the North America cereal unit and the plant-based business will be spun off. The company is also considering a sale of the plant-based business.

June 24, 2022

Mondelēz to buy energy bar company Clif Bar for $2.9bn

Food & Drink

The snacks giant says the acquisition will help build on its commitment to “lead the future of snacking” in key geographies worldwide. Once the transaction is completed, Mondelēz will continue to operate the Clif Bar business from its headquarters in Emeryville, California. The snack giant will also continue to manufacture Clif Bars’ products, which include Clif Bar, Luna and Clif Kid, at its facilities in Idaho and Indiana.