John Bilbrey, the chief executive of chocolate-maker Hershey Co. , is preparing to step down, according to a report by Reuters on Thursday night. Bilbrey will likely leave his post by next summer, Reuters said, and Hershey’s board of directors is said to have already formed a committee to find his successor. Hershey shares are up more than 7% year-to-date, despite a large drop in August after Mondelez International Inc. dropped a $23 billion takeover bid.
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