Hershey CEO Michele Buck to Retire in 2026

Michele Buck, the first woman CEO of the Hershey Company, has announced her retirement effective June 30, 2026, after leading the company since 2017. She will remain in her current role and on the board until a successor is appointed, after which she will transition to a senior advisor role. Hershey's board has formed a special committee to oversee the search for a new CEO, considering both internal and external candidates. Despite Buck's successful tenure marked by Hershey's strong snacking portfolio, the company faces challenges such as rising cocoa prices and increased competition from healthier food options. Recently, Hershey's weak earnings led to an unsolicited takeover bid from Mondelez, which was resisted by the Hershey Trust that controls the company. The Hershey Trust's significant voting power continues to play a crucial role in the company's decision-making process.