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Stated as firm: Hershey's release "Hershey Announces CEO Succession Plan", datelined HERSHEY, Pa., Jan. 10, 2025 and stamped "Fri, 10 Jan 2025 16:05:00 -0500" (21:05 UTC), says the company "today announced" Buck "has informed the Board of her intention to retire".
Hershey's 8-K for the January 9-10, 2025 events: Buck "intends to retire from the Company effective June 30, 2026", serves until her successor is appointed, then becomes Special Advisor, resigns from the Board, and consults from July 1 to December 31, 2026; it sets an $8.5 million retention bonus.[1]
Food Dive the same afternoon: Buck, at Hershey for 20 years and CEO since 2017, plans to retire on June 30, 2026, as the company faces higher cocoa costs, inflation-weary shoppers and GLP-1 weight-loss drugs.
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