Hershey's CEO Michele Buck announced her departure in 2026 after over seven years leading the chocolate company. The move comes as Hershey faces pressure from soaring cocoa costs, a demand slowdown due to price increases, and leadership changes across the food industry. Buck will remain CEO until her successor is appointed and transition to a senior advisor role until retirement.
CHOCOLATE maker Hershey on Friday announced the departure of CEO Michele Buck, who has been at the helm for more than seven years, effective June 30, 2026.Buck, a consumer packaged goods veteran with nearly two decades at the company, will continue as CEO until her successor is appointed. She will then transition to a senior advisor role until her retirement, the company said.The CEO transition comes hot on the heels of leadership changes at food companies including Campbell's Co.
The Reese's peanut butter cups maker trimmed its annual revenue forecast and missed its third-quarter sales expectations in November.It reiterated its 2024 forecast on Friday and indicated that its 2025 outlook would be provided when it reports earnings on Feb. 6.The board has appointed a special committee to assist in the search for a new CEO, which will evaluate both internal and external candidates for the position.
CEO Hershey Chocolate Cocoa Prices Consumer Goods
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