Michele Buck, The Hershey Co.’s new president and ceo, announced today a “Margin for Growth” strategy that would cut the company’s global workforce by 15 percent, primarily among hourly employees outside of the United States.
Michele Buck, the company’s executive v.p. and coo, will become the confectionery giant’s new president and ceo, effective March 1. She succeeds John P. Bilbrey, who announced his intention to retire in October.
The announcement, made Wednesday at Barclays Global Consumer Staples Conference, comes a week after the Illinois-based snack and confectionery giant halted discussions with The Hershey Co. about acquiring the company.