James E. Nevels Announces Intention to Not Stand for Re-election on The Hershey Company Board of Directors
October 14 2016 - 4:08PM
Business Wire
The Hershey Company (NYSE: HSY) today announced that
James E. Nevels, the company’s lead independent director, has
informed the company that he does not intend to stand for
re-election at the company’s 2017 Annual Meeting of Stockholders.
Nevels, age 64, was elected to the Hershey Board of Directors in
2007 and served as non-executive chairman from 2009 until 2015.
Nevels will continue to serve as lead independent director for the
remainder of his term.
“It has been an honor to serve on the board of the greatest
confectionery company in the world,” Nevels said. “I am fully
confident that after nearly a decade of service, the time is right
for me to move on to other pursuits. This decision provides the
board with the continued opportunity to select diverse and
experienced members who can help guide the company through its next
phase of growth and consumer-centric brand building.”
“On behalf of the Board of Directors and the company, I want to
express our sincere appreciation to Jim for his leadership,
contributions and dedication to The Hershey Company,” said J.P.
Bilbrey, Chairman, President and CEO of Hershey. “We have valued
Jim’s perspective and insight over the years. Jim has been an
important part of the company’s success and its reputation in the
market as a company committed to bringing goodness to the world
through its iconic brands, remarkable people and community
engagement.”
The company expects to hold its 2017 Annual Meeting of
Stockholders on May 3, 2017.
About The Hershey
Company
The Hershey Company, 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 approximately 21,000 employees around the world
who work every day to deliver delicious, quality products.
To learn more -Visit: www.thehersheycompany.com
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The Hershey CompanyMedia
Contact:Leigh Horner,
717-508-1247lhorner@hersheys.comorInvestor
Contact:Mark Pogharian,
717-534-7555mpogharian@hersheys.com
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