Hershey Management

Management criteria checks 3/4

Hershey's CEO is Michele Buck, appointed in Mar 2017, has a tenure of 7.25 years. total yearly compensation is $15.65M, comprised of 8.9% salary and 91.1% bonuses, including company stock and options. directly owns 0.081% of the company’s shares, worth €29.26M. The average tenure of the management team and the board of directors is 4.4 years and 6.1 years respectively.

Key information

Michele Buck

Chief executive officer

US$15.7m

Total compensation

CEO salary percentage	8.9%
CEO tenure	7.3yrs
CEO ownership	0.08%
Management average tenure	4.4yrs
Board average tenure	6.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Michele Buck's remuneration changed compared to Hershey's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$2b
Dec 31 2023	US$16m	US$1m	US$2b
Oct 01 2023	n/a	n/a	US$2b
Jul 02 2023	n/a	n/a	US$2b
Apr 02 2023	n/a	n/a	US$2b
Dec 31 2022	US$14m	US$1m	US$2b
Oct 02 2022	n/a	n/a	US$2b
Jul 03 2022	n/a	n/a	US$2b
Apr 03 2022	n/a	n/a	US$2b
Dec 31 2021	US$16m	US$1m	US$1b
Oct 03 2021	n/a	n/a	US$1b
Jul 04 2021	n/a	n/a	US$1b
Apr 04 2021	n/a	n/a	US$1b
Dec 31 2020	US$19m	US$1m	US$1b
Sep 27 2020	n/a	n/a	US$1b
Jun 28 2020	n/a	n/a	US$1b
Mar 29 2020	n/a	n/a	US$1b
Dec 31 2019	US$17m	US$1m	US$1b
Sep 29 2019	n/a	n/a	US$1b
Jun 30 2019	n/a	n/a	US$1b
Mar 31 2019	n/a	n/a	US$1b
Dec 31 2018	US$12m	US$1m	US$1b
Sep 30 2018	n/a	n/a	US$1b
Jul 01 2018	n/a	n/a	US$1b
Apr 01 2018	n/a	n/a	US$1b
Dec 31 2017	US$10m	US$1m	US$783m

Compensation vs Market: Michele's total compensation ($USD15.65M) is above average for companies of similar size in the German market ($USD5.01M).

Compensation vs Earnings: Michele's compensation has been consistent with company performance over the past year.

CEO

Michele Buck (62 yo)

7.3yrs

Tenure

US$15,654,209

Compensation

Ms. Michele Gross Buck has been the Chairman at The Hershey Company since October 11, 2019 and has been its Chief Executive Officer and President since March 1, 2017. Ms. Buck is responsible for all day-to...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Michele Buck	Chairman	7.3yrs	US$15.65m	0.081% $ 29.3m
Steven Voskuil	Senior VP & CFO	5.1yrs	US$4.38m	0.018% $ 6.6m
Deepak Bhatia	Senior VP & CTO	less than a year	US$9.17m	0% $ 0
Charles Raup	President of U.S. Confection	4.4yrs	US$4.33m	0.012% $ 4.3m
Kristen Riggs	President of Salty Snacks	4.4yrs	US$4.34m	0.012% $ 4.3m
Jennifer McCalman	VP & Chief Accounting Officer	3.3yrs	no data	0.0019% $ 672.8k
Melissa Poole	Vice President of Investor Relations & Corporate Finance	no data	no data	no data
James Turoff	Senior VP	3.5yrs	no data	0.0063% $ 2.3m
Marlene Creighton	Global Chief Sales Officer	1.8yrs	no data	no data
Christopher Scalia	Chief Transformation Officer & Chief Human Resources Officer	4.4yrs	no data	0.0099% $ 3.6m
Jason Reiman	Senior VP & Chief Supply Chain Officer	5yrs	US$3.13m	0.011% $ 4.1m
Rohit Grover	President of International	5.2yrs	no data	0.013% $ 4.8m

4.4yrs

Average Tenure

50.5yo

Average Age

Experienced Management: HSY's management team is considered experienced (4.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Michele Buck	Chairman	7.3yrs	US$15.65m	0.081% $ 29.3m
Victor Crawford	Independent Director	4.1yrs	US$301.46k	0.0019% $ 683.6k
Robert Malcolm	Independent Director	12.5yrs	US$280.00k	0.0069% $ 2.5m
Mary Haben	Independent Director	10.8yrs	US$280.00k	0.0073% $ 2.6m
Anthony Palmer	Lead Independent Director	13.2yrs	US$329.75k	0.0080% $ 2.9m
Mary Koken	Independent Director	7.1yrs	US$275.00k	0.00030% $ 107.9k
Kevin Ozan	Independent Director	less than a year	no data	no data
Cordel Robbin-Coker	Independent Director	less than a year	no data	no data
Juan Perez	Independent Director	5.1yrs	US$300.00k	0.0026% $ 942.7k
Huong Maria Kraus	Independent Director	1.1yrs	US$173.75k	0.00046% $ 165.5k

6.1yrs

Average Tenure

62yo

Average Age

Experienced Board: HSY's board of directors are considered experienced (6.1 years average tenure).

Hershey Management

Management criteria checks 3/4

Key information

Recent management updates

The Hershey Company Announces Demise of Robert M. Dutkowsky, Member of the Board of Directors

The Hershey Company, Annual General Meeting, May 06, 2024

The Hershey Company Appoints Deepak Bhatia as Chief Technology Officer and Member of its Executive Committee, Effective October 23, 2023

Insufficient new directors

Chairman recently sold €2.4m worth of stock

Chairman recently sold €2.5m worth of stock

Recent updates

REESE's Brand Announces New Jumbo Cup with Even More Peanut Butter

The Hershey Company Announces Demise of Robert M. Dutkowsky, Member of the Board of Directors

First quarter dividend of US$1.37 announced

First quarter 2024 earnings released: EPS: US$3.91 (vs US$2.87 in 1Q 2023)

As You Sow Files an Exempt Solicitation Statement and Request Vote for the Proposal

The Hershey Company to Report Q1, 2024 Results on May 03, 2024

The Hershey Company, Annual General Meeting, May 06, 2024

Stuffed Puffs Unveils Easter Treats with Hershey's Jointly Rancher Brand

The Hershey Company Reaffirms Earnings Guidance for 2024

Fourth quarter dividend of US$1.37 announced

Full year 2023 earnings released: EPS: US$9.09 (vs US$8.00 in FY 2022)

The Hershey Company Provides Earnings Guidance for the Full Year 2024

The Hershey Company to Report Q4, 2023 Results on Feb 08, 2024

Golden West Food Group, Inc. Introduces HERSHEY’S Chocolate Covered Frozen Fruit Treats

KIT KAT® Brand Debuts A New Bakery Inspired Treat: KIT KAT® Chocolate Frosted Donut Flavored Bar

Upcoming dividend of US$1.19 per share at 2.5% yield

The Hershey Company Reiterates Earnings Guidance for the Full Year 2023

The Hershey Company Declares Quarterly Dividend, Payable on October 25, 2023

Third quarter 2023 earnings released: EPS: US$2.53 (vs US$1.95 in 3Q 2022)

The Hershey Company to Report Q3, 2023 Results on Oct 26, 2023

The Hershey Company Appoints Deepak Bhatia as Chief Technology Officer and Member of its Executive Committee, Effective October 23, 2023

Now 20% undervalued after recent price drop

Insufficient new directors

Upcoming dividend of US$1.19 per share at 2.1% yield

The Hershey Company Provides Earnings Guidance for the Year 2023

Second quarter 2023 earnings released: EPS: US$1.99 (vs US$1.54 in 2Q 2022)

The Hershey Company to Report Q2, 2023 Results on Jul 27, 2023

Chairman recently sold €2.4m worth of stock

The Hershey Company's Kit Kat®? Brand Debuts New Limited-Edition Churro Flavor, A Summertime Delight

Chairman recently sold €2.5m worth of stock

Upcoming dividend of US$1.04 per share at 1.5% yield

The Hershey Company (NYSE:HSY) completed the acquisition of Hershey Trust Company from Milton Hershey School Trust for approximately $240 million.

Upcoming dividend of US$1.04 per share at 1.8% yield

Wendy L. Schoppert Not to Stand for Re-Election as Director of The Hershey Company

Full year 2022 earnings released: EPS: US$8.00 (vs US$7.15 in FY 2021)

The Hershey Company Declares Quarterly Dividends, Payable on March 15, 2023

The Hershey Company to Report Q4, 2022 Results on Feb 02, 2023

Upcoming dividend of US$1.04 per share

Third quarter 2022 earnings released: EPS: US$2.71 (vs US$2.16 in 3Q 2021)

The Hershey Company Declares Quarterly Dividends, Payable on December 15, 2022

The Hershey Company to Report Q3, 2022 Results on Nov 04, 2022

The Hershey Company Announces Executive Changes

Upcoming dividend of US$1.04 per share

Second quarter 2022 earnings released: EPS: US$1.54 (vs US$1.46 in 2Q 2021)

The Hershey Company Declares Quarterly Dividends, Payable on September 15, 2022

The Hershey Company to Report Q2, 2022 Results on Jul 28, 2022

Upcoming dividend of US$0.90 per share

First quarter 2022 earnings released: EPS: US$2.59 (vs US$1.91 in 1Q 2021)

The Hershey Company to Report Q1, 2022 Results on Apr 28, 2022

The Hershey Company, Annual General Meeting, May 17, 2022

Hershey Declares Quarterly Dividends, Payable on March 15, 2022

The Hershey Company Announces New Reportable Segments

The Hershey Company (NYSE:HSY) completed the acquisition of Dot's Pretzels, LLC.

The Hershey Company (NYSE:HSY) completed the acquisition of Pretzels, Inc. from Peak Rock Capital LLC.

Upcoming dividend of US$0.90 per share

Third quarter 2021 earnings released: EPS US$2.22 (vs US$2.15 in 3Q 2020)

Upcoming dividend of US$0.90 per share

Second quarter 2021 earnings released: EPS US$1.46 (vs US$1.29 in 2Q 2020)

The Hershey Company (NYSE:HSY) completed the acquisition of Lily's Sweets, LLC from VMG Partners and others.

An unknown buyer acquired an unknown stake in Scharffen Berger Chocolate Maker Inc. from The Hershey Company (NYSE:HSY).

Independent Director has left the company

Independent Director has left the company

The Hershey Company (NYSE:HSY) entered into a merger and stock purchase agreement to acquire Lily's Sweets, LLC.

Upcoming dividend of US$0.80 per share

The Hershey Company Voluntarily Recalls Hershey's Chocolate Shell Topping Due to Undeclared Almonds

First quarter 2021 earnings released: EPS US$1.91 (vs US$1.30 in 1Q 2020)

The Hershey Company Raises Earnings Outlook for 2021

Hershey Reese's Brand Launches Ultimate Peanut Butter Lovers Cups, No Chocolate Necessary

The Hershey Company Appoints Jennifer L. Mccalman as Chief Accounting Officer