The Hershey Company is one of the most well-known brands in the world. Since 1894, it has produced quality chocolate for everyone to enjoy. Leadership in a company like this has never been more critical. Consumer habits are rapidly changing and it takes a strong leader to balance sticking to a company’s roots while also pioneering new initiatives. The company has named Michael Del Pozzo as the next president, effective September 16th.
The Hershey Company Names Michael Del Pozzo President
Charles Raup has led the Hershey Company for fifteen years. He is retiring to pursue other executive opportunities. Michael Del Pozzo will oversee all aspects of the company, including Hershey’s, Reese’s, and Jolly Rancher. He will work closely with the head of Salty Snacks, Kristin Riggs, and Rohit Glover, who oversees the international side of the brand. While Del Pozzo is new to the company, he is not new to the industry.
He has been with PepsiCo for the last 23 years, during which time he climbed the company’s ranks. Most recently, he was the president and general manager of Gatorade, the drink that dominates the sports world. Michele Buck, the chairman and chief executive officer of The Hershey Company, had this to say about the hire.
“Mike’s deep consumer insights, his customer relationships, and his track record of delivering results and driving strategic change position him as the ideal leader to guide our US Confection business through its next chapter. He will be instrumental in building on our strengths and advancing our Leading Snacking Powerhouse vision. I want to thank Chuck for his many valuable contributions during his long tenure at Hershey. We wish him the very best in his future endeavors.”
A Huge Undertaking
Taking on the Hershey Company is no easy task. The company has more than 20,000 employees worldwide. While Hershey’s Chocolate is the most well-known chocolate bar on the market, the brands don’t stop there. There are over 90 brands in 80 different countries to manage. All of those brands drive around $11.2 billion annually. Del Pozzo is up for the challenge.
“I am thrilled to join Hershey at such an exciting time for the company. I am inspired by the company’s history, culture and talent. Its brands hold a unique place in the market and in the hearts of consumers. I look forward to working with Michele and the amazing team at Hershey to build on this strong foundation and help lead the U.S. Confection business through its next phase of growth and innovation.”
It is always a big deal when a huge company changes leadership. We’ve seen companies rise and fall depending on who is at the helm. It will be interesting to see where Michael Del Pozzo takes the legendary company in 2024 and beyond.
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