Form 8-K · Current Report · Filed 2024-09-05
Hershey Appoints New President of U.S. Confection
On August 29, 2024, Charles R. Raup, President of U.S. Confection at The Hershey Company, announced his retirement effective December 31, 2024. He will step down from his role on September 16, 2024, and assist with the transition until his retirement. Michael Del Pozzo, previously with PepsiCo, will succeed Raup as President of U.S. Confection, effective September 16, 2024. The announcement was made in a press release on September 5, 2024.
- Filer
- Hershey Co. HSY · NYSE
- Filed
- Accession
- 0000047111-24-000049
- CIK
- 0000047111
- Signal
- Medium impactConsumer Defensive
- Source
- Official filing on sec.gov ↗
Items reported
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Regulation FD Disclosure
Financial Statements and Exhibits
Market reaction
Close before filing
$198.69
Next session
+0.6%
Since filing
-11.9%
Latest close
$175.05
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from HSY reporting the same item, with the next session's move:
Exhibits (1)
About Hershey Co.
Hershey Co. is a leading confectionery manufacturer primarily known for its production of chocolate and sweets. Founded in 1894 and headquartered in Hershey, Pennsylvania, the company is an iconic name in the food and beverage industry. Its primary function is to create and distribute renowned chocolate products and other confectioneries, such as Hershey's Chocolate Bars, Reese's Peanut Butter Cups, and Kit Kat Bars. Hershey Co. also diversifies its offerings with non-chocolate items, snacks, and bakery products. The company’s operations significantly impact the food production and retail industries, supplying products to a vast array of outlets including supermarkets, convenience stores, and international markets. Hershey Co. plays a crucial role in the global confectionery landscape, leveraging strong brand recognition and consumer loyalty. In the financial market, Hershey Co. is valued for its stable revenue streams and consistent market presence. It has a legacy of innovation in product development and marketing strategies, contributing to its enduring appeal and robust performance. The company's financial strength and market adaptability make it a key player in the consumer goods sector.
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