hershey trust company board of directors

Board of Directors Board of Directors submenu; Committees & Charters Committees & Charters submenu; Corporate Governance Corporate Governance submenu; . The Trust Company continued to maintain offices in the Bank/Trust building at the corner of Chocolate and Cocoa Avenues. The agreement comes after published reports that the trustees had spent more than $3.6 million in legal fees investigating whether two of . Scalia joined the company in 2005 in the legal department with an expertise in labor relations and transitioned to Human Resources in 2011. She previously served the Company in a variety of executive roles, including as President and Chief Executive Officer from March 2017 to October 2019 and as Executive Vice President and Chief Operating Officer from June 2016 to March 2017. Education: Ms. Koken is a native and lifelong resident of Pennsylvania. HERSHEY, Pa., Dec. 11, 2020 /PRNewswire/ -- The Hershey Trust Company Board of Directors and the Milton Hershey School Board of Managers announced the election of Diane Koken as Chairman. concerns for the future of Derry townships' youth, Milton Hershey established the M. S. Hershey Foundation and again appointed the Hershey Trust Company as trustee. Though the chocolate factory began operations during the summer of 1905, little else was operating in town. HERSHEY, Pa.-- ( BUSINESS WIRE )--Hershey Trust Company today announced the sale of 4.5 million shares of The Hershey Company (HSY) common stock . Hershey Chocolate Company, the Hershey Trust Company, the Milton Hershey School, and the community of Derry Township all enjoyed a cozy, albeit fragile union while . Did you know that Super Bowl contenders, the Philadelphia Eagles, conducted their summer training camp in Hershey several summers from 1951-1967? Hershey Trust Companys decision to actively seek private trust business grew out of changes resulting from the 1984 restructuring of Hershey Foods (now The HersheyCompany)stock. Ms. Koken brings to the Boards professional expertise in legal, regulatory matters, insurance, governance, and risk management. The establishment of the Hershey Medical Center had a dramatic impact on the community as well. The board is a generic corporate governance mechanism and works as an intermediary between the firms executives and their shareholders. B.S., Accounting, Pennsylvania State University, Appointed: Director 2019 Chief Investment Officer and Treasurer, University of Pittsburgh Ms. Kraus also sits on the Board of the Girl Scouts of Eastern Pennsylvania. Shares must be . In order to provide as much benefit to the community as possible, it has never sought a change in the original trust agreement calling for a yearly fee of $1,000 to be paid to the trustee. New staff was added to invest and manage monies realized from the sale of Hershey Foods stock. Ms Koken is passionate about the mission of the Milton Hershey School and is focused on fulfilling and furthering the mission and legacy of its founders, Milton and Catherine Hershey. Breaking ground on February 26, 1966, the Medical Center was completed in 1970 and a formal dedication for The Milton S. Hershey Medical Center was held June 5, 1971. She previously served as Insurance Commissioner of Pennsylvania for three governors and in other leadership roles during her 22-year career at Provident Mutual Life Insurance Company, a national life insurer, that culminated in her serving as its Vice President, General Counsel and Corporate Secretary. We are collecting COVID-19 stories from the Hershey community. President and Chief Executive Officer, Bryn Mawr Rehab, Jefferson Health System "Diane's commitment as a long-standing Manager on the Milton Hershey School Board of Managers and as a Director on the Hershey Trust Company Board of Directors has benefited the children at Milton Hershey School for years," said Robert Heist '82, who served as Chair from 2018-20. Chief of Staff to Pennsylvania Governor Robert P. Casey The Managers are responsible for the long-term sustainability of Milton Hershey School and making decisions about Trust assets. She is also recipient of the Milton Hershey School Alumni Career Achievement Award. New housing developments, such as Briarcrest and Glen Acres, were established in response. President & Chief Executive Officer, Pennsylvania Association of Rehabilitation Facilities Hershey said on April 25, 2023 that its board of directors declared a regular quarterly dividend of $1.04 per share ($4.14 annualized). Prior to that, he was managing director/head of asset management companies and simultaneously global head of retail and intermediary sales at PineBridge Investments. The Association is composed mostly of School graduates, though it includes honorary and . For information about the Milton Hershey School, visit their website at www.mhskids.org. Ms. Marsh is currently a director of the Pittsburgh Foundation and vice chair of its investment committee, and she is a member of the investment committees for the boards of the Claude Worthington Benedum Foundation and the Pittsburgh Symphony Orchestra. Under the stewardship of Hershey Trust Company, Milton Hersheys Testamentary Trust Fund has grown to $33 million today. At the heart of the fertile land of Limagne and the pastures of the Massif Central, the Clermont-Auvergne-Rhne-Alpes Centre is one of the institute's historic sites, with cutting-edge research in key sectors of agriculture, environment and food: preventive human nutrition, cereals, product quality, territories, livestock farming, robotics applied to agriculture, tree functioning, etc. Mr. Crawford also held senior management positions at PepsiCo, Inc., a multinational food, snack and beverage company. Mr. Katzir is a significant contributor to the Boards in each of these areas. While no one lost their job due to cutbacks in Hershey, work hours were often reduced and Hershey employees often saw a resulting reduction in their paycheck. B.S., Education, Millersville University, Appointed: Director 2018, Vice Chair 2021, 2022MHS Class of 1989 Program Officer for the Aspiring Leaders Program at Teaching Trust As Chairman of the Boards and one of three representatives of Hershey Trust Company and Milton Hershey School currently serving on the Board, Ms. Koken brings to the Board valuable insights from our largest stockholder and the school that is its sole beneficiary. He is a globally recognized expert in strategic marketing and is currently Executive in Residence, Center for Customer Insight and Marketing Solutions, McCombs School of Business, University of Texas. Her presence in the boardroom also ensures efficient communication between the Board and Company management. She holds leadership positions on several boards and earned a bachelors degree in child development from the University of Pittsburgh and a masters degree in early childhood education from Kent State University. Hershey Trust Company Posted September 5, 2018. . Check out this great segment on Reese's Peanut Butter Cups, including archival materials from our collections! And in keeping with the tradition of other local financial institutions, the original board of directors was comprised of respected local business and community leaders. in Chemical . Professional Experience: Mr. Robbin-Coker is an alumnus of Milton Hershey School, having graduated as valedictorian in 2004, and is a recipient of the 2009 Alumni Achievement Award for Academic Excellence.Professional Experience: The community of Hershey remained an enduring passion for Milton Hershey throughout his life. Ms. Kraus is an alumna of Milton Hershey School, having graduated as valedictorian in 1989, and is a recipient of the Milton Hershey School Alumni Career Award. The Depression of the 1930s was a time of significant financial hardship for all of the United States. Professional Experience: The decision to establish a trust company rather than a bank was made after Milton Hershey sought advice from the Northern National Bank of Lancaster, Pennsylvania. Highlights: Jason enrolled at Milton Hershey School at the age of 11. "Michelle brings a lifetime of experience and commitment to early childhood education which will be crucial in the launch of Catherine Hershey Schools for Early Learning. She contributes to the Board through her significant expertise in insurance, risk management and regulatory affairs, as well as her experience in legal operations and corporate governance. On April 28, 1905, the Pennsylvania Department of State issued a charter creating the Hershey Trust Company. Hershey Trust Company quickly became the town's financial center, playing an important role in financing Milton Hershey . Senior Vice President, National Geographic Society Please contact us for more information. His experience in education leadership best practice allows him to bring important insights to the Boards. Harold Singleton III has held executive, portfolio management and analyst roles in asset management firms for more than 30 years. Chief Operating Officer, Teach for America Ms. Arway contributes to the Board through the experience in finance, marketing, international business, government affairs, consumer products and human resources she developed throughout her career. Board of Directors - Hershey Trust - Founded in 1905 by Milton S. Hershey Board of Directors Jan L. Bergen Appointed: Director 2017, Vice Chair 2017-2020 Highlights: Ms. Bergen is a well-known and highly regarded health care executive who is the recently retired President & Chief Executive Officer of Penn Medicine Lancaster General Health. She began her career in the airline industry, serving in various financial, strategic and general management leadership positions at American Airlines, Northwest Airlines and America West Airlines. The new Vice Chair of the Boards is Maria Trinh Kraus, a 1989 graduate of Milton Hershey School. At that time, Hershey Chocolate Company consisted not only of the Chocolate factory, but all of the Hershey enterprises including the Hershey Improvement Company, the Hershey utilities (water, sewer, electric, phone), the Hershey Transit Company, the Hershey Department Store, the Greenhouse and Nursery, and the Hershey Inn. Hershey Trust Company is a money management firm based in Hershey, Pennsylvania. But there are precious few poor white orphans living near Hershey chocolate factories today. Hershey Foundation Trust, and the Hershey Cemetery Trust. The state-chartered Hershey Trust Co., a for-profit community bank founded by Milton Hershey, exists primarily to manage the billions of dollars in the Milton Hershey School's endowment. It manages the $13.751 billion USD (2015) endowment of the Milton Hershey School and School Trust.[2]. Thanks to a historic gift by M.H.S.'s founder, the Hershey Trust Company has an endowment of $12.3 billion and an ownership stake in Hershey Company, giving it control of the candy dynasty . Most notably, he created GiftCards.com, which is the largest gift card website in the world generating more than $1 billion per year in sales. J.D., Villanova University School of Law Harold holds an M.B.A. in finance from the University of Chicago, a Bachelor of Science in chemical engineering from the Illinois Institute of Technology and is a chartered financial analyst. Legal/Regulatory Consultant The foundation trust has the Hershey Trust Company as its trustee and is overseen by the Trust Company's board of directors. B.A., Political Science, Stanford University, Appointed: Director 2018 Highlights: Ms. English is the former President and Chief Executive Officer of Fight For Children, a highly visible Washington, D.C.-based nonprofit that improves education opportunities for low-income children. In 2011, Hershey Trust Company sold its private wealth management group to Bryn Mawr Bank Corporation in order to focus its talents and energies on managing the assets of the Milton Hershey School trust fund. Jason brings the unique perspective of an MHS graduate and vast experience as a successful entrepreneur," Koken added. Highlights: Ms. Bergen is a well-known and highly regarded health care executive who is the recently retired President & Chief Executive Officer of Penn Medicine Lancaster General Health. Education: Ed.M., Leadership, Policy, and Reform, Harvard Graduate School of Education For more than 15 years, Ms. Koken has also served as a legal/regulatory consultant. Founding Managing Director, The Eli and Edythe Broad Foundation Highlights: Mr. Katzman is Senior Vice President, Business Development for General Electric (GE). Any Director of the Trust Company who also serves as a Director of The Hershey Company or Hershey Entertainment and Resorts Company may not receive more than $80,000 for their Trust Board service. "I am honored to serve the Boards at this historic time and privileged to work with such committed Board members that are focused on fulfilling and furthering the mission of Milton Hershey School and its founders, Milton and Catherine Hershey," said Diane Koken. It was Samuel Hinkle, President of the Hershey Chocolate Corporation and a director of the Trust Company Board, who first proposed using the money for the construction, operation and endowment of a medical center. On August 23, 1963, the Trust Company Board used The M.S. Hershey Foundation Trust, and the Hershey Cemetery Trust. Located in The Hershey Story 63 West Chocolate Avenue Hershey, Pennsylvania 17033. She holds leadership positions on several boards and earned a bachelors degree in child development from the University of Pittsburgh and a masters degree in early childhood education from Kent State University. HERSHEY, Pa., Jan. 9, 2023 /PRNewswire/ -- The Hershey Trust Company (HTC) Board of Directors and the Milton Hershey School (MHS) Board of Managers announced today the recent election of Prior to those roles, Mr. Perez served as UPS Vice President of Technology and as Vice President, Engineering. With the establishment of the Hershey Bank, the Trust Company could now focus its efforts on trust and related businesses. In simple terms, the bank controlled the school's assets and operations, and Hershey owned the . Harold holds an M.B.A. in finance from the University of Chicago, a Bachelor of Science in chemical engineering from the Illinois Institute of Technology and is a chartered financial analyst. She is a Certified Public Accountant and qualifies as a financial expert, as defined by the U.S. Securities and Exchange Commission. Iron Mountain Incorporated (May 2014 to present), Bachelors degree in languages from Memorial University of Newfoundland, Masters of Business Administration degree from Queens University, Kingston, Ontario, Canada, FS Credit Real Estate Income Trust (December 2021 to present), FS Multi-Strategy Alternatives Fund/FS Series Trust (August 2017 to present), FS Investment Corporation III (February 2016 to December 2018), Juris Doctor degree from the University of Virginia Law School, New York Life Insurance Company (November 2013 to present), Bachelors degree from Shippensburg University of Pennsylvania, Masters of Business Administration degree from the University of North Carolina, Board of Trustees, National Urban League (October 2010 to present), Dave & Busters Entertainment, Inc. (August 2016 to June 2020), Bachelor of Science in accounting from Boston College, Pitney Bowes, Inc. (July 2018 to present), Raymond James Financial, Inc. (October 2018 to present), Tech Data Corporation (October 2006 to June 2020), Bachelor of Science in Industrial Labor Relations from Cornell University, Grocery Outlet Holding Corp. (November 2019 to present), Trustee of Equity Residential (July 2011 to present), Bob Evans Farms, Inc. (August 2012 to January 2018), Masters of Business Administration degree in marketing from the University of Michigan, Ross School of Business, Brinker International, Inc. (January 2018 to present), Masters of Business Administration degree from Columbia University Graduate School of Business, Nationwide Mutual Funds and Nationwide Variable Insurance Trust (April 2019 to present), Capital BlueCross (December 2011 to present), Nationwide Mutual Insurance Company; Nationwide Mutual Fire Insurance Company; Nationwide Corporation (April 2007 to present), Juris Doctor degree from Villanova University School of Law, Boston Consulting Group (senior advisor) (December 2012 to present), Bachelors degree in marketing from the University of Southern California, Masters of Business Administration degree in marketing from the University of Southern California, Bachelors degree in business from Monash University in Melbourne, Australia, Masters of Business Administration degree, with distinction, from the International Management Institute, Geneva, Switzerland, Bachelor of Science in industrial and systems engineering from the University of Southern California, Masters of Science in computer and manufacturing from the University of Southern California, Bremer Financial Corporation (May 2017 to present), Gaia, Inc. (formerly Gaiam, Inc.) (October 2013 to December 2018), Bachelor of Arts in mathematics and operations research from Cornell University, Masters of Business Administration in finance and general management from Cornell University. Through his varied roles, he has developed a broad range of commercial, human resources, operational planning, logistics and technological expertise. Senior Associate, PricewaterhouseCoopers LLP "We are united in upholding the Hersheys' vision for the school and, with our collective expertise, will be able to guide and advise the school in creating greater impact on a growing number of children through its programs and offerings.". SOURCE Hershey Trust Company; Milton Hershey School, Cision Distribution 888-776-0942 During the Depression Milton Hershey encouraged the Trust Company to be lenient in handling mortgages that fell behind in payments. Mr. Crawford contributes to the Board through his broad range of experience in digital transformation, fast moving consumer goods, logistics and supply chain management, as well as his valuable insights in emerging markets, consumer retail and finance. Highlights: Mr. Brown brings vast experience in both the public and private sectors to the Boards of Hershey Trust Company and Milton Hershey School. Mr. Crawford has held senior management positions at several companies across the food and beverage, hospitality and healthcare services industries. For more information, visit mhskids.org. Hershey Foundation as the conduit for a $50 million gift from the Milton Hershey School Trust to Pennsylvania State University for a medical school and teaching hospital known asThe Milton S. Hershey Medical Center. In the ongoing series The Sweetest Thing, TODAY gets rare access to find out how the iconic Reese's Chocolate Peanut Butter Cups are made. His experience provides to the Boards unique and valuable insight into poverty, education, not-for-profit management and responsible investing. He previously served as Vice President and Chief Operating Officer and held other leadership positions in the Entertainment division . Robert Vowler is a business advisor and experienced board member based in Pennsylvania. One of Hershey Trust Companys most important roles is being a prudent steward of the land acquired by Milton Hershey while honoring his vision for a community featuring open green space. Hershey Trusts mortgage business was more than a financial transaction. The Hershey Trust Company (HTC) Board of Directors and the Milton Hershey School (MHS) Board of Managers announced today the recent election of three new Directors/Managers: Michelle Figlar . It assumed operation of the Hershey Theatre in 1970, Hershey Museum in 1981 and the Hershey Gardens in 1989. In addition to his overall leadership experience, Mr. Perez brings significant strength in the areas of supply chain management and logistics, digital technology, information security, innovation and data analytics to the Board. In addition to handling the Hershey business payrolls, the Trust Company offered savings accounts, mortgages, and commercial and personal loans. John was named Chief Executive Officer in June 2017 after serving as President since September 2016. To broaden its accessibility, special deposit stations were established on Hershey trolleys. There are a few stories that may be of interest to those of you who love Hershey history: A great story that involves Hershey history and the Philadelphia Eagles. "I have every expectation that Diane's commitment to advancing Mr. and Mrs. Hershey's mission will ensure that more students at Milton Hershey School will be able to receive life-changing care and support for years to come.". In addition to Mr. Katzirs overall leadership experience, his roles throughout his career demonstrate a commitment to the plight of those less fortunate and align with the mission of Hershey Trust Company and Milton Hershey School. Vice President Finance and Corporate Controller, Bioclinica, Inc. Published Jun 19, 2016. Total Compensation. By 1981, Hershey Trusts ownership of Hershey Foods Corporation had shrunk to 50.1%. Born in Central Pennsylvania, Mr. Katzman brings sophisticated skills in the financial area and has a personal interest in education and childhood development. Milton Hershey School does not discriminate in admissions or other programs and services on the basis of race, color, national or ethnic origin, ancestry, sex, religious creed or disability. Previously, he served as vice president, managing director/head of manager selection and portfolio construction, at Lincoln Financial Group, overseeing a $200 billion investment platform covering all asset classes. During the Great Depression Milton Hershey realized that young men and women just graduating from high school had limited opportunities for employment. 2023 Hershey Trust Company 100 Mansion Road East PO Box 445, Hershey PA, 17033-0445, 100 Mansion Road East PO Box 445, Hershey PA, 17033-0445. Get a behind-the-scenes look at how Reeses are made, Hershey Community Archives, along with Hershey Gardens, The Hershey Story, and Hershey Theatre, is an operating division of The M.S. Highlights: Dr. Peeples-Fullmore is an education professional and brings important experience to the Boards in areas of school administration, at-risk/dependent children, and residential childhood education. She is a Certified Public Accountant and is currently the Chief Financial Officer of Accelerated Enrollment Solutions, a business unit of Pharmaceutical Product Development (PPD). Having served at the Company for more than 17 years and as an executive in the consumer-packaged goods industry for more than 30 years, Ms. Buck contributes to the Board in the areas of marketing, consumer products, strategy, supply chain management and mergers and acquisitions.

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