Sector News

Hershey Names Patricia A. Little as Financial Chief

February 27, 2015
Food & Drink
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
 

Related News

September 21, 2020

Alpro announces 30m euro investment and new sustainability goals

Food & Drink

Alpro has unveiled a new five-year health and sustainability action plan, as well as plans to invest €30m in two of its production sites. The objectives laid out by the company, […]

September 18, 2020

Cargill to advance regenerative agriculture practices across 10m acres of farmland

Food & Drink

Cargill has announced that it is supporting farmer-led efforts to adopt regenerative agriculture practices on 10 million acres of crop land in North America by 2030. The initiative will focus primarily […]

September 17, 2020

PepsiCo pilots invisible digital watermark technology to boost recycling

Food & Drink

PepsiCo is trialling products encoded with invisible digital watermarks for more effective recycling. The technology is pegged as the “holy grail” that will make mechanical sorting more efficient. The beverage […]