Hershey Co. on Thursday said it elevated the head of its North American business, Michele Buck, to the role of chief operating officer, adding the company’s operations in Central and South America to her purview.
Ms. Buck, previously Hershey’s president of North America, led the U.S. and Canadian businesses, which account for more than 85% of the company’s top line. Ms. Buck, 54 years old, joined Hershey in 2005 after holding several positions at Kraft/Nabisco and the Frito-Lay division of PepsiCo Inc. (PEP).
In the first quarter, sales in North America fell 4.3% to $1.63 billion.
Hershey shares have risen 4.2% so far this year and were unchanged in premarket trading from $93 at Wednesday’s close.
By Joshua Jamerson
Local industry stakeholders under Food Drink Ireland (FDI) have called for targeted support measures in the sector that will help businesses stay buoyant during the transitional period.
Diageo has announced that the company’s CFO Kathryn Mikells will leave the business later this year and will be replaced by Lavanya Chandrashekar.
Schlosberg – who has resigned his positions as president, CFO, COO and secretary of Monster Beverage – will serve as co-CEO alongside Rodney C. Sacks.