Hershey Appoints New CFO
Hershey Co. announced back in September that CFO David Tacka was retiring. Last week the company named Patricia Little to succeed him, effective March 16. Ms. Little is chief financial officer of staffing company Kelly Services Inc., she joined in 2008 after 24 years at Ford Motor Co.
Meanwhile, Kelly Services said its corporate controller and chief accounting officer, Olivier Thirot, will be acting chief financial officer. In January, Hershey said it would buy beef jerky company Krave Pure Foods Inc. Hershey has had sluggish sales in certain U.S. stores and international markets, on top of rising costs for ingredients such as dairy and cocoa. The company projected 2015 earnings below Wall Street estimates in January and reaffirmed the outlook this month.
Hershey Co. said last week that it would transition to using simpler and fresher ingredients in products such as Hershey’s Kisses, a move that comes after a similar announcement by rival Nestl SA .
Meanwhile, Kelly Services said its corporate controller and chief accounting officer, Olivier Thirot, will be acting chief financial officer. In January, Hershey said it would buy beef jerky company Krave Pure Foods Inc. Hershey has had sluggish sales in certain U.S. stores and international markets, on top of rising costs for ingredients such as dairy and cocoa. The company projected 2015 earnings below Wall Street estimates in January and reaffirmed the outlook this month.
Hershey Co. said last week that it would transition to using simpler and fresher ingredients in products such as Hershey’s Kisses, a move that comes after a similar announcement by rival Nestl SA .