Hershey Co. Announces Leadership Transition
Hershey Co. has announced that Kirk Tanner will succeed Michele Buck as CEO next month, marking a period of transition for the company.
Stock Price Stabilization
Following the announcement, Hershey Co.’s stock price has stabilized, ending a period of underperformance over the past three years.
Investigation into Rival Company
Texas’ attorney general has launched an investigation into Mars, a rival company, for its refusal to remove artificial colors from its products. This development may impact Hershey Co.’s use of synthetic dyes in its products.
Potential Implications for Hershey Co.
The investigation into Mars may put pressure on Hershey Co. to reconsider its use of synthetic dyes in its products. The company’s response to this development is yet to be determined.
Key Facts
- Kirk Tanner will succeed Michele Buck as CEO of Hershey Co. next month
- Hershey Co.’s stock price has stabilized following the announcement
- Texas’ attorney general is investigating Mars for its use of artificial colors in its products