Sunday, November 11, 2007
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.