NEW YORK (AP) — Hershey's John Bilbrey was named chairman at the confectioner four years after he became CEO.
Profits at the company have risen every year save for 2014 and shares hit an all-time on in January, but have fallen 3 percent since then.
Hershey posts its first quarterly report of the year on April 23.
Bilbrey takes the position from James Nevels who recommended giving Bilbrey the chairmanship. Nevels will now become the lead independent director, the company said Thursday.
Shares of The Hershey Co. fell 19 cents on Wednesday to $100.70.
