Hershey Announces Retirement of International President Humberto P. Alfonso

HERSHEY, Pa.--(BUSINESS WIRE)--

The Hershey Company HSY announced today that Humberto (Bert) P. Alfonso, 57, President, International, intends to retire from the company by the end of June. The company is working with Alfonso to ensure a seamless transition and expects to announce its succession plan at the end of the month.

"Bert has led our International business for the last two years, laying the foundation for future growth in these important markets," said John P. Bilbrey, Chairman, President and CEO, The Hershey Company. "Prior to his international leadership, Bert led our financial organization, instilling strong discipline and accountability across the organization. We are grateful for his years of leadership and service and wish him and his family all of the best."

"We have an experienced management team, great talent throughout the organization and the right vision, strategy and brands to win wherever we compete. As we look to the future, we have confidence that our business model positions Hershey for continued growth in both North America and key international markets," Bilbrey continued.

About The Hershey Company

The Hershey Company HSY, headquartered in Hershey, Pa., is a global confectionery leader known for bringing goodness to the world through its chocolate, sweets, mints and other great-tasting snacks. Hershey has more than 22,000 employees around the world who work every day to deliver delicious, quality products. The company, which has more than 80 brands around the world that drive over $7.4 billion in annual revenues, includes such iconic brand names as Hershey's, Reese's, Hershey's Kisses, Jolly Rancher, Ice Breakers and Brookside. Hershey is focused on growing its presence in key international markets while continuing to build its competitive advantage in North America. Additionally, Hershey is poised to expand its portfolio into categories beyond confectionery, finding new ways to bring goodness to people everywhere.

At Hershey, goodness has always been about more than delicious products. For 120 years, Hershey has been committed to good business by operating fairly, ethically and sustainably to make a positive impact on society. This means contributing to a better life for its employees, consumers, communities, and ultimately, creating a bright future for children in need. This commitment is exemplified by Milton Hershey School, established in 1909 by the company's founder and administered by Hershey Trust Company. The children who attend the school receive education, housing, and medical care – thriving as direct beneficiaries of The Hershey Company's success.

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