COO Michele Buck to Assume the Top Spot at Hershey; Shares Fairly Valued
In line with our thinking, Hershey announced that executive vice president and COO Michele Buck will assume the reins when current CEO John Bilbrey steps aside March 1. Bilbrey, who took the helm in May 2011 and added the chairman role in April 2015, will continue to serve as nonexecutive chairman to ensure a smooth transition.We’ve long viewed Buck as the most likely internal candidate, given her 11-plus years at the confectionery firm and 25 years in the consumer products space. As such, we d...
Hershey is engaged in the production of chocolate and non-chocolate confectionery. The company's segments are: North America, which is responsible for the company's chocolate and non-chocolate confectionery market position, and its grocery and snacks market positions, in the United States and Canada; and International and Other, in which the company has operations and manufactures product in China, Mexico, Brazil, India and Malaysia, and also distributes and sells confectionery products in export markets of Asia, Latin America, Middle East, Europe, Africa and other regions. The company's product offerings include chocolate and non-chocolate confectionery products, gum and mint refreshment products, snack and pantry items.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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