HERSHEY, PA -- Hershey Co. chairman, president and chief executive John P. Bilbrey announced that he will retire from the company on July 1, 2017. Bilbrey will continue as nonexecutive chairman of Hershey's board of directors following his retirement.
Bilbrey, 60, was named Hershey chief executive five years ago. He joined the chocolate giant 13 years ago. Hershey's board has appointed a special committee to direct the search for a new chief executive.
The news comes less than two months after Mondelez ended talks to buy Hershey, in a deal that would have brought together some of the world's leading chocolate and snack brands. | READ MORE