The board is a generic corporate governance mechanism and works as an intermediary between the firms executives and their shareholders. Mr. Robbin-Coker began his career with Morgan Stanley, advising on M&A and capital markets transactions across the US, Europe, and Africa. Ms. Arway held multiple leadership positions during her 21-year career with American Express Company, Inc. and its subsidiaries, including as Chief Executive Officer, American Express Australia Ltd., and as Executive Vice President and General Manager, Corporate Travel North America. M.B.A., Harvard Graduate School of Business Administration Edwards & Co., Inc. Having spent most of his career in the technology industry, Mr. Dutkowsky brings to the Board broad operational experience and a deep understanding of the technology industry and how technology and digital capabilities drive growth and resiliency. Mr. Katzir is a significant contributor to the Boards in each of these areas. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. We are collecting COVID-19 stories from the Hershey community. By 1981, Hershey Trusts ownership of Hershey Foods Corporation had shrunk to 50.1%. Ms. Schoppert contributes to the Board through her extensive financial leadership experience, public company reporting expertise and retail experience across finance, IT, digital and marketing. Previously, the company paid $1.04 per share. A.B., Economics, Dartmouth College, Appointed: Director 2016, Chair 2021, 2022 Hershey Trust Company and the Milton . Like other Hershey businesses, the Trust Company was an instrument to carry out Milton Hersheys plans for his model community. The Hershey Trust Company (HTC) Board of Directors and the Milton Hershey School (MHS) Board of Managers announced today the recent election of three new Directors/Managers: Michelle Figlar . It serves as the Trustee for the Milton Hershey School Trust, the M.S. Ed.D., Education Policy and Leadership, Southern Methodist University She served in several other senior management positions during her time at Wm. During his time at Lincoln Financial Group, he lived in the Philadelphia area and served on the board of directors of the Urban League of Philadelphia. He was initially recommended for nomination to the Board by the Milton Hershey School Trust in 2003. She began her career in the airline industry, serving in various financial, strategic and general management leadership positions at American Airlines, Northwest Airlines and America West Airlines. Throughout her career, Ms. Haben gained extensive experience managing businesses in the consumer-packaged goods industry and developed a track record of growing brands and developing new products. Harold Singleton III has held executive, portfolio management and analyst roles in asset management firms for more than 30 years. The Homestead served as both home and classroom to the first students. Chief Executive Officer, Alliance College-Ready Public Schools It assumed operation of the Hershey Theatre in 1970, Hershey Museum in 1981 and the Hershey Gardens in 1989. He received his B.S. Qualifications, Attributes and Skills:
August 23, 2017 07:06 PM Eastern Daylight Time. This page is not available in other languages. She also held a succession of leadership positions in her 27-year career at Kraft Foods, Inc., a grocery manufacturing and processing conglomerate. Hershey Trust Company is a money management firm based in Hershey, Pennsylvania. John was appointed a Director of the company in June 2017, and elected Chairman of the Board in September 2019. A two-tier stock plan enabled Hershey Trust Company to maintain majority ownership of Milton Hersheys company while freeing assets to diversify the School Trusts holdings. The foundation trust has the Hershey Trust Company as its trustee and is overseen by the Trust Company's board of directors. Ms. Kraus also sits on the Board of the Girl Scouts of Eastern Pennsylvania. For information about the Hershey Cemetery, visit their website at www.hersheycemetery.com. HERSHEY, Pa., Jan. 9, 2023 /PRNewswire/ -- The Hershey Trust Company (HTC) Board of Directors and the Milton Hershey School (MHS) Board of Manager. The company is a minority owner of The Hershey Company and sole private owner of Hershey Entertainment and Resorts Company and administrator of the 2,000 student Milton Hershey School. Her 30+ years of business and nonprofit experience provides the Boards with extensive strategic and operational management expertise in education, and exceptional leadership capabilities. "Michelle, Harold and Jason bring exceptional leadership experience and a commitment to honoring the legacy of our founders, Milton and Catherine Hershey, and fill important needs identified by the current members of our Boards," said Diane Koken, Chair of the HTC and MHS Boards. Furthermore, the Trust Company continued to make mortgage loans, thus playing a significant role in the growth and development of the town. As a result of the February 2023 Stock Purchase Agreement with Hershey Trust Company , as trustee for the School Trust , the July 2018 share repurchase authorization was completed and as of April 2, 2023 , approximately $370 million remained . Prior to that position, Mr. Malcolm spent 24 years at The Procter & Gamble Company in various leadership positions, including as Vice President General Manager Beverages, Europe, Middle East and Africa, and Vice President General Manager, Arabian Peninsula. The attorney general said that the three had allowed "apparent violations" of the 2013 agreement. When Milton Hershey died in 1945, his will directed that the remainder of his estate (about $731,000) be placed into another trust . Hershey said on April 25, 2023 that its board of directors declared a regular quarterly dividend of $1.04 per share ($4.14 annualized). Professional Experience: Hershey Foundation Trust, and the Hershey Cemetery Trust. Consistent with the financial institutions of the time, the Trust Company building was designed to impress the public. #24 View more. Hershey Foundation, and endowed it with 5000 shares of Hershey Chocolate Corporation stock. concerns for the future of Derry townships' youth, Milton Hershey established the M. S. Hershey Foundation and again appointed the Hershey Trust Company as trustee. In making its independence determinations with respect to Ms. Koken and Messrs. Brown and Katzman, the Board considered their roles as current members of the board of directors of Hershey Trust Company and the board of managers (governing body) of Milton Hershey School, as well as certain transactions the Company had or may have with these . Milton Hershey School does not discriminate in admissions or other programs and services on the basis of race, color, national or ethnic origin, ancestry, sex, religious creed or disability. B.S., Education, Millersville University, Appointed: Director 2018, Vice Chair 2021, 2022MHS Class of 1989 She is a recipient of the Milton Hershey School Alumni Career Achievement Award. In 1938, the Foundation endowed the Hershey Junior College, offering tuition free higher education to all Derry Township residents and employees of the Hershey corporations. After graduating from MHS and Bloomsburg University in 1992, he became an entrepreneur and self-taught programmer and started a series of internet companies, including MyCoupons. I am grateful each day that I have the privilege to give back to the school that gave me everything. His background aligns with accountable philanthropy and the mission of preserving Mr. and Mrs. Hersheys legacy. Read More Highlights: Michelle began her career as an early childhood teacher and is currently the executive director of the Birmingham Foundation in Pittsburgh. Ms. Kraus was elected to the Boards in 2018 and brings an extensive background in finance, strategy, and corporate development. HERSHEY, Pa., Jan. 9, 2023 /PRNewswire/ -- The Hershey Trust Company (HTC) Board of Directors and the Milton Hershey School (MHS) Board of Managers announced today the recent election of three new . MHS Class of 1987 She has also served as director of Hershey Trust Company and a member of the Board of Managers of Milton Hershey School since December 2015. Professional Experience: 2023 Hershey Trust Company 100 Mansion Road East PO Box 445, Hershey PA, 17033-0445, 100 Mansion Road East PO Box 445, Hershey PA, 17033-0445. This focus aligns her work with the mission of the Hersheys legacy. Highlights: Ms. Kraus has more than 25 years of experience and leadership in finance, strategy, and corporate development. He has a long-standing interest in education, particularly for disadvantaged children. Today, Hershey Trust Company stands alone as being the same company doing business in the same town for one hundred years. With Milton Hersheys gift, the Trust Company needed to direct more of its efforts toward the management of the School Trusts assets. Mr. Nevels practiced law from 1978 through 1984 as counsel in bond transactions with the law firm of Ballard, Spahr, Andrews & Ingersoll in Philadelphia where he specialized in taxable, tax- . The Foundation then entered a period of assuming ownership of many of the communitys cultural organizations. HERSHEY, Pa., Jan. 9, 2023 /PRNewswire/ -- The Hershey Trust Company (HTC) Board of Directors and the Milton Hershey School (MHS) Board of Managers announced today the recent. That same year the board voted to appropriate $20,000 to build a new building to house the Trust Company offices. Highlights: Mr. Katzir recently completed seven years as the Chief Executive Officer of Alliance College-Ready Public Schools, a nonprofit public charter school network that serves 12,500 low-income students and supports 18,000 alumni across 26 public charter schools in Los Angeles, California. Previously, Joshua was a Vice President - Consumer Sector Portfolio Manager At Asset Management at Goldman Sachs. Hershey Foundation and the Hershey Cemetery Perpetual Care Trust. She holds leadership positions on several boards and earned a bachelors degree in child development from the University of Pittsburgh and a masters degree in early childhood education from Kent State University. Education: Vice President, Corporate Planning and Business Development, Marriott Corporation And in keeping with the tradition of other local financial institutions, the original board of directors was comprised of respected local business and community leaders. The bank vault was a particularly imposing feature of the building. Robert F. Cavanaugh, a Board member since October 2003, is also an independent member of the Board of Directors of Hershey Trust Company and the Board of Managers (governing body) of Milton Hershey School. Specialized savings accounts, such as Christmas Savings Clubs, were clever gimmicks promoted by the Trust Company to encourage new account business. President, Discovery Communications Consumer Products and Discovery.com As one of three representatives of Hershey Trust Company and Milton Hershey School currently serving on the Board. Founded in 1905 by Milton S. Hershey, Hershey Trust Company is a Pennsylvania-chartered trust company regulated by the PA Department of Banking and Securities. Ms. Arway is the former President, Japan/Asia Pacific/Australia Region, of American Express International, Inc., a global payments, network and travel company, a position she held from October 2005 until her retirement in January 2008.
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