DERRY TOWNSHIP, DAUPHIN COUNTY—The Hershey Company has named John Bilbrey, President and Chief Executive Officer effect immediately. The 54 year old Bilbrey was also named to the board, the Derry Township based company said in a statement. He joined the company in 2003 and had been interim chief since last month when former CEO David West departed to lead Del Monte Foods Co.
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.
Shares of Hershey (HSY) fell 40 cents to $54.72 at the end of trading on Wednesday on the New York Stock Exchange composite and have gained 16 per cent so far this year.