Securities Law Prof Blog

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

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.

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