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Hershey Chief To Step Down From Chocolate Co

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First Posted: 10- 1-07 05:30 PM   |   Updated: 03-28-08 02:45 AM

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Read More: Chocolate, Hersheys, Richard Lenny, Business News
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Wall Street Journal :

Hershey Co. chief executive Richard Lenny is stepping down from the chocolate company.

Mr. Lenny, 55 years old, is said to be frustrated with the trust that controls the Pennsylvania candy maker amidst opportunities for industry consolidation. Hershey, which has been hurt lately by rising ingredient costs and competition from innovative rivals such as Mars, could become a larger force in the confectionery industry if it were to merge with the candy arm of Cadbury Schweppes, which is in the process of spinning off its beverages unit.

Read the whole story: Wall Street Journal

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- mediamarv I'm a Fan of mediamarv 38 fans permalink
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those of us who know chocolate avoid all hersey products with enthusiasm. Too bad they ruined some excellent British chocs too.
Parrafin anyone???

    Favorite    Flag as abusive Posted 02:22 PM on 10/02/2007
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