Hershey CEO Michele Buck to retire June 30, 2026; board starts successor search

HERSHEY CO

Michele Buck will remain CEO until successor appointed, then transition to special advisor through June 30, 2026.
Buck receives $8.5M retention bonus: $3.5M payable Jan. 2025, $5M 60 days after June 30, 2026.
Amended agreement sets 2025 LTI target at $8.75M and 2026 LTI at $4.375M; base salary $1.4M.
Board formed special committee to search for next CEO, considering internal and external candidates.
Hershey reaffirms full-year 2024 financial outlook; 2025 outlook to be provided in February earnings.

item 5.02 item 7.01 item 9.01

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Departed

Michele G. Buck

President and Chief Executive Officer

HSY · HERSHEY CO

Effective: 2026-06-30
Filed: January 15, 2025, 6:59 PM ET

Michele G. Buck, the Company’s Chairman of the Board of Directors, President and Chief Executive Officer, intends to retire from the Company effective June 30, 2026.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Michele G. Buck departed as President and Chief Executive Officer at HERSHEY CO.

Action: intends to retire
Role: President and Chief Executive Officer

Exact text from the filing

Michele G. Buck, the Company’s Chairman of the Board of Directors, President and Chief Executive Officer, intends to retire from the Company effective June 30, 2026.

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HERSHEY CO filing history →

Source: SEC EDGAR

accession 0000047111-25-000008

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