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Business Wire  09/03/2014 4:05 PM ET
Hershey Announces Chief Financial Officer to Retire at the End of the Year

Search Initiated for Successor

HERSHEY, Pa.--(BUSINESS WIRE)--Sep. 3, 2014-- The Hershey Company (NYSE: HSY) announced today that David W. Tacka, Senior Vice President and Chief Financial Officer, intends to retire from the company at the end of the year. Hershey has engaged a leading executive search firm to conduct a national search for his successor.

"Dave has had a distinguished 40-year career at Hershey culminating in his appointment as CFO in May 2013,” said John P. Bilbrey, President and Chief Executive Officer, The Hershey Company.  “He has made solid contributions during periods of transformation and growth and will be leaving the company in a very strong financial position,” he said.

“We have an experienced management team, great talent throughout the organization and the right vision, strategy and brands to win wherever we compete. As we look to the future we have confidence in our business model that positions Hershey for continued growth in both North America and key international markets,” Bilbrey said.

About The Hershey Company

The Hershey Company (NYSE: HSY), headquartered in Hershey, Pa., is a global confectionery leader known for bringing goodness to the world through its chocolate, sweets, mints and other great-tasting snacks. Hershey has approximately 13,000 employees around the world who work every day to deliver delicious, quality products. The company, which has more than 80 brands worldwide that drive over $7.1 billion in annual revenues, includes such iconic brand names as Hershey's, Reese's, Hershey's Kisses, Jolly Rancher and Ice Breakers. Hershey is focused on growing its presence in key international markets while continuing to build its competitive advantage in North America. Additionally, Hershey is poised to expand its portfolio into categories beyond confectionery, finding new ways to bring goodness to people everywhere.

At Hershey, goodness has always been about more than delicious products. For 120 years, Hershey has been committed to good business by operating fairly, ethically and sustainably to make a positive impact on society. This means contributing to a better life for its employees, consumers, communities, and, ultimately, creating a bright future for children in need. This commitment is exemplified by Milton Hershey School, established in 1909 by the company's founder and administered by Hershey Trust Company. The children who attend the school receive education, housing, and medical care ”” thriving as direct beneficiaries of The Hershey Company's success.

Source: The Hershey Company

The Hershey Company
Investor Contact:
Mark Pogharian, 717-534-7556
or
Media Contact:
Jeff Beckman, 717-534-8090

 

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