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Hershey Foods (HSY) Board Member James E. Nevels Announces Intention to Not Stand for Re-election

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Mondelez Int'l (MDLZ) on Watch as Hershey (HSY) CEO Plans Retirement

October 14, 2016 7:27 AM EDT

Mondelez Int'l (NASDAQ: MDLZ) share are on watch Friday following news The Hershey Company (NYSE: HSY) Chairman/President/CEO, John P. Bilbrey, will retire next year.

In June Mondelez approached Hershey about a takeover. Those discussions ended in August without a deal.

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Hershey Foods (HSY) CEO John Bilbrey to Retire Next Year; Reaffirms Outlook

October 14, 2016 7:20 AM EDT

The Hershey Company (NYSE: HSY) today announced that John P. Bilbrey, Chairman, President and Chief Executive Officer, intends to retire from the company July 1, 2017. Bilbrey will continue as non-executive chairman of Hersheys Board of Directors following his retirement as President and CEO.

I have had the privilege of working in consumer packaged goods for more than 35 years and leading The Hershey Company has been the highlight of my career, said Bilbrey. Our iconic brands, remarkable employees and commitment to making a difference in the world has... More