Hershey executive returns to PepsiCo after three-month stint [Fortune]
PepsiCo, Inc. (PEP)
Last pepsico, inc. earnings: 4/28 06:03 am
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Source: Fortune
Chief Executive Officer Michele Buck will serve as the interim head of US confections while a successor is chosen from internal and external candidates, Hershey announced in a statement Tuesday. The change is effective Dec. 12. Related Video Hershey announced in September that Michael Del Pozzo would take the top job at Hershey's core business unit after about 23 years at the snacks and cola company, where he held executive positions with Gatorade and Frito-Lay North America. Bloomberg reported Monday that Chicago-based Mondelez International Inc. is exploring an acquisition of Hershey, a combination that would create a food company with sales of nearly $50 billion. Hershey previously rejected a bid from Mondelez in 2016. Hershey shares closed up 11% after the report. Do you have what it takes to make it to the C-suite? Learn how Fortune 500 CEOs overcame surprising obstacles on the road to the corner office, and learn leadership strategies that make you smarter in seconds. S
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