The Hershey Co. said Friday that Chief Executive John Bilbrey is planning to retire on July 1, 2017. The board has appointed a special committee to lead the search for a replacement, led by Pamela Arway, chair of its governance committee. The chocolate maker said it’s sticking with full-year 2016 guidance provided in its second-quarter earnings. Shares were not yet active in premarket trade, but are up 7% in the year so far, while the S&P 500 has gained 4%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News