The Hershey Company Essay

Submitted By rivercitysaint
Words: 666
Pages: 3

The Hershey Company
The Chief Executive Officer

The CEO of the Hershey Company is a man by the name of John P. Bilbrey and has held that position for three years. Mr. Bilbrey has been with the company for over nine years and recently stepped up to be the CEO. The Hershey Company is run by a management team, a board of directors, committees, and charters. Bilbrey has more than 30 years of global consumer packaged goods experience. He was named Hershey's interim President and Chief Executive Officer in May 2011. Bilbrey was named Chief Operating Officer in November 2010 with responsibility for day-to-day global operations and commercial activities, leading the Company's supply chain as well as geographic regions, including the U.S.A., the Americas and Asia. From December 2007 to November 2010, he was Senior Vice President, President, Hershey North America. Bilbrey played a key leadership role in the Company's turnaround as well as in the creation and implementation of the Company's confectionery demand landscape and establishment of Hershey's presence in markets around the world.
Bilbrey joined Hershey in 2003 as Senior Vice President, President Hershey International. Before joining Hershey, Bilbrey held executive positions at Mission Foods and Danone Waters of North America, Inc., a division of Groupe Danone, Paris, France. He was responsible for all operations of Groupe Danone's North American water division. Additionally, he spent 22 years at The Procter & Gamble Company where he served in positions of increasing responsibility in both the U.S. domestic business as well as numerous international assignments. He has lived abroad and worked in more than 50 countries in North America, Latin America, North Africa and Asia.
John P. Bilbrey earned a total compensation of $7.05 million including $950,000 salary, $1.54 million in bonuses, and $2.66 million by other ventures, and $1.90 million in stock gains. Mr. Bilbrey has a stock owned percentage that is less than one percent equaling $600,000 stock owned.
The Board of Directors
The chairman of the board is John P. Bilbrey and has been a board member since 2011. He recently became the chairman in 2015. The governance chair on the board is held by a woman named Pamela M. Arway and has been a board member since 2010. Robert F. Cavanaugh holds the position of Compensation and Organization Chair and has been a board member since 2003. The Audit Chair is held by Charles A. Davis who is a CEO of Stone Point Capital LLC and has been on the board since 2007. Mary K. Haben has been a board member since 2013 and is a part of the compensation and organization. Both Robert M. Malcolm and James M. Mead have been part of…