Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Sunday, November 11, 2007

Hershey Trust Replaces Most of Directors

The Hershey Trust, the charitable trust that controls the Hershey Co., replaced 8 of the company's 10 directors, effective immediately.  About a month ago, Hershey announced that CEO Richard Lenny would step down and be replaced by David West, already a board member.  The Trust has been openly critical about the company's recent financial performance.  WSJ, Eight Hershey Board Members Resign;
Replacements Chosen by Trust.

http://lawprofessors.typepad.com/securities/2007/11/hershey-trust-r.html

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