Hershey reshuffles management

Hershey names new CFO and makes other executive changes to drive growth

Associated Press

HERSHEY, Pa. (AP) -- The Hershey Co. said Wednesday that it has made a number of management changes to help position the candy company for better global growth.

The company, based in Hershey, Pa., is the largest chocolate maker in North America, but it faces tough competition globally from companies such as Mondelez International Inc., which now owns Cadbury and is focused on growth in international markets.

Hershey said that beginning in May, Humberto Alfonso will become president of its international business. Alfonso currently serves as the company's chief financial officer and chief administrative officer. David Tacka, who has held various executive positions in the company, including chief accounting officer, will become Hershey's new chief financial officer.

The company also announced a number of other management changes, including naming Michele Buck, currently Hershey's chief growth officer, as president of its North American business.

Hershey makes candies under more than 80 brand names, including Kit Kat, Jolly Rancher and Hershey's Kisses.

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