hershey trust company board of directors

Ms. Kraus was elected to the Boards in 2018 and brings an extensive background in finance, strategy, and corporate development. When Catherine and Milton Hershey created the Deed of Trust establishing the Hershey Industrial School (now Milton Hershey School), Hershey Trust Company was appointed trustee for the School. Mr. Malcolm brings to the Board significant experience in emerging markets and in the marketing and sales of consumer products, including consumer-packaged goods and fast-moving consumer goods. Highlights: Ms. Koken is a legal/regulatory consultant and volunteers as a court appointed special advocate for children in foster care. It's a non-profit organization set up by the company's founders. [6] One particular issue was the purchase of the Wren Dale Golf Course, in which the Hershey Trust overpaid for the property, to the benefit of board members who were both owners of the Wren Dale Golf Course and on the Hershey Trust board. 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. The Junior College maintained high academic standards and helped hundreds of Hershey residents receive a college education. Among the allegations regarding the misuse of funds include the Trust's purchase of an . from 8 AM - 9 PM ET. Highlights: Mr. Robbin-Coker is Co-Founder and Chief Executive Officer of Carry1st, the leading venture-backed publisher of social games and interactive content in Africa. The Hershey Trust Company board of directors had decided to reject all bids and informed Lenny that the company was no longer up for sale. The Board of Directors of the Company has established the close of business on March 18, 2021 as the record date for determining the stockholders who are . Prior to that, he was managing director/head of asset management companies and simultaneously global head of retail and intermediary sales at PineBridge Investments. Board of Hershey Trust Company and Milton Hershey School, Deputy Chair and . Total Compensation. In the ongoing series The Sweetest Thing, TODAY gets rare access to find out how the iconic Reese's Chocolate Peanut Butter Cups are made. The Hershey Trust Company, then owned by Mr. Hershey, was and still is the trustee of the School Trust and, as directed in the trust deed, the members of the Board of Directors of the Hershey Trust Company also serve as the Board of Managers of the School. James W. Brown Michela English Michelle Figlar Dan Katzir James C. Katzman M. Diane Koken, Chairman Maria T. Kraus, Vice Chair Amy K. Marsh Melissa L. Peeples-Fullmore Cordel Robbin-Coker David Saltzman Harold Singleton III Jason Wolfe Mr. Katzmans professional expertise and personal commitment to the mission brings exceptional value to the Boards. Appointed: Director 2017, Vice Chair 2017-2020 He was a founding board member of Robin Hood, the Relay Graduate School of Education, Zearn, Uncommon Schools New York, NPower, Together Education and Pure. Pennsylvania Secretary of General Services The Hershey Company on YouTube; CAREERS; CONTACT US; FAQ's; HERSHEYLAND; HERSHEY'S CHOCOLATE WORLD; HERSHEYPARK; HERSHEY STORE; VISIT HERSHEY, PA; BUSINESS CUSTOMERS; Mr. Robbin-Coker is an alumnus of Milton Hershey School, having graduated as valedictorian in 2004, and is a recipient of the 2009 Alumni Achievement Award for Academic Excellence.Professional Experience: https://hersheyarchives.org/encyclopedia/. Mr. Malcolm is the former President, Global Marketing, Sales & Innovation, of Diageo PLC, a leading premium drinks company, a position he held from June 2002 until his retirement in December 2008. President, Discovery Communications Consumer Products and Discovery.com Dec 11, 2020. www.tiogapublishing.com . Being one of 11 members1 of the board of directors for the Hershey Company, she had just received a presentation from snack food company Mondelez regarding a . As Chief Financial Officer for Sleep Number Corporation, Ms. Schoppert gained extensive experience leading all finance functions, including financial planning and analysis, accounting, tax, treasury, investor relations, decision support and IT. A state charter was granted on April 27, 1905 and Hershey Trust Company opened for business on June 15, 1905 in offices located in the Cocoa House, the first commercial building built in the new community. Mr. Crawford is currently the Chief Executive Officer, Pharmaceutical Segment, of Cardinal Health, Inc., a global healthcare services and products company, a position he has held since November 2018. Prior to those roles, Mr. Perez served as UPS Vice President of Technology and as Vice President, Engineering. Founding Partner, SCP Private Equity Partners It seeks to balance the need to preserve open land while accommodating a real need to provide for the growth and development necessary to remain a healthy community. His familiarity with policy and operations of government and his experience as an investor in and director of both public and private companies bring value to the Boards. Professional Experience: "The Board is established to carry out the lasting legacy of our founders. 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. Mr. Perez is the Executive Vice President and Chief Information Officer of Salesforce.com, Inc., a global leader in customer relationship management technology, a position he has held since April 2022. He previously served for 27 years as the executive director of the Robin Hood Foundation, New York Citys largest poverty-fighting organization. One of Hershey Trust Companys most important roles is being a prudent steward of the land acquired by Milton Hershey while honoring his vision for a community featuring open green space. Her 30+ years of business and nonprofit experience provides the Boards with extensive strategic and operational management expertise in education, and exceptional leadership capabilities. Chairman of the Board, Hershey Trust Company and Milton Hershey School Yes Audit Compensation Robert M. Malcolm 68 10 Former President, Global Marketing, Sales & Innovation, Diageo PLC Yes "We are united in upholding the Hersheys' vision for the school and, with our collective expertise, will be able to guide and advise the school in creating greater impact on a growing number of children through its programs and offerings.". Appointed: Director 2017MHS Class of 1991 In 1905 the Hershey Chocolate factory began operations. Co-Founder and Chief Executive Officer, Carry1st As part of the Foundation, these cultural institutions gained non-profit status, enabling them to accept donations and apply for grants. J.D., Villanova University School of Law Previously, he served as vice president, managing director/head of manager selection and portfolio construction, at Lincoln Financial Group, overseeing a $200 billion investment platform covering all asset classes. An alumna of Milton Hershey School, Dr. Peeples-Fullmores connection to the Hershey legacy runs deep. Co-Chair of the Atria Health Collaborative 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, Harold Singleton III, and Jason Wolfe. Recently, HCA was featured on the Today Show! Founded in 1905, the firm is a state-chartered trust company that serves as the trustee for the Milton Hershey School Trust, the M.S. Education: This is important because the snack food company . Hershey Trust Company Posted September 5, 2018. . About the Hershey Trust Company Founded in 1905, the Hershey Trust Company is a state-chartered trust company with over a hundred years of strength, heritage, and stability. Education: Jason later built Direct Response Technologies, Inc., an affiliate tracking platform which scaled to 12 billion monthly transactions. The floor plan was designed to offer separate office space for other Hershey businesses. The original staff for the Trust Company was modest, consisting of the cashier and a teller. Prior to that, she was executive director of the Pittsburgh Association for the Education of Young Children. His experience in education leadership best practice allows him to bring important insights to the Boards. Executive Director, Founding Board Member, Robin Hood Foundation Program Officer for the Aspiring Leaders Program at Teaching Trust Education: Education: 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 . Business grew rapidly and in 1910 a second clerk was added to the staff. He has a long-standing interest in education, particularly for disadvantaged children. Ms. Marsh is also a trustee emerita and past treasurer of Sewickley Academy, where she continues to serve on its endowment committee. She served in several other senior management positions during her time at Wm. His familiarity with policy and government operations, as well as his experience as an investor in, and director of, both public and private companies, make him an important addition to the Board on matters of finance, government relations, strategy and risk management. Harold Singleton III has held executive, portfolio management and analyst roles in asset management firms for more than 30 years. Ms. Schoppert is the former Executive Vice President and Chief Financial Officer of Sleep Number Corporation, a bedding manufacturer, marketer and retailer, a position she held from June 2011 until her retirement in February 2014. He is a Trustee of the Boys & Girls Clubs of the Valley (AZ), a Trustee of the San Francisco Ballet, a member of the Presidents Leadership Council at Dartmouth College, and a member of the Advisory Board of the Program for Financial Studies at Columbia Business School, where he guest lectures on financial topics. Chief Schools Officer, KIPP Jacksonville Schools M.P.A., Columbia University Highlights: Michelle began her career as an early childhood teacher and is currently the executive director of the Birmingham Foundation in Pittsburgh. He currently helps family businesses create a board of directors to help with the multi=generational . "Michelle brings a lifetime of experience and commitment to early childhood education which will be crucial in the launch of Catherine Hershey Schools for Early Learning. B.A., Brown University. Ed.D., Education Policy and Leadership, Southern Methodist University She brings board experience on Fortune 100 and public company boards. The Managers are responsible for the long-term sustainability of Milton Hershey School and making decisions about Trust assets. She previously served as the vice president of learning at The Heinz Endowments and the deputy secretary of the Pennsylvania Office of Child Development and Early Learning where she helped set policy and practice for publicly funded early childhood education throughout the state. Ms. Koken is a native and lifelong resident of Pennsylvania. In his reply, E.J. Following the sale of Hershey Bank, Hershey Trust Company needed to physically relocate and establish an identity separate from the bank. MHS Class of 1987 For further information, call (717)520-1100 or send an email [email protected]. Given her background, Dr. Peeples-Fullmore has unique insights into the educational and social issues that face the students of Milton Hershey School. Brett spoke with playwright and former Philadelphia sports broadcaster Ray Didinger about the show a Did you know the Philadelphia Eagles held their training camp in Hershey from 1957-1964? During the early years, Milton Hershey paid for many of the schools expenses out of his own pocket. Pay Rank By Title In MFG Nondurable industry. Most notably, he created GiftCards.com, which is the largest gift card website in the world generating more than $1 billion per year in sales. With Milton Hersheys gift, the Trust Company needed to direct more of its efforts toward the management of the School Trusts assets. This was particularly important with a new and rapidly expanding community. Jason was chairman of the Pittsburgh Technology Council and serves on the board of Family Design Resources, which provides adoption/foster services for needy children. It has no retail banking products, and its directors, who are paid at least $112,000 a year, are the same individuals as the school's board. 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. President & Chief Executive Officer, Pennsylvania Association of Rehabilitation Facilities [9], In 2013, Kathleen Kane,[10] the Pennsylvania Attorney General, announced the conclusion of a two-year investigation into the operations of the Hershey Trust Company, in which the Office of Attorney General and the Hershey Trust Company agreed that there was a finding of no wrongdoing, but reforms were required of the trust company. He has been recognized multiple times as one of Savoy Magazines Top 100 Most Influential Blacks in Corporate America. The Trust Company excelled in its responsibility and stewardship of those trust funds. Through his varied roles, he has developed a broad range of commercial, human resources, operational planning, logistics and technological expertise. Mr. Crawford contributes to the Board through his broad range of experience in digital transformation, fast moving consumer goods, logistics and supply chain management, as well as his valuable insights in emerging markets, consumer retail and finance. The state-chartered Hershey Trust Co., a for-profit community bank founded by Milton Hershey, exists primarily to manage the billions of dollars in the Milton Hershey School's endowment. B.A., History, Dartmouth College, Appointed: Director 2017 Founding Managing Director, The Eli and Edythe Broad Foundation I am proud that, as Vice Chair, my education and expertise can be used to advance the school that served as my home.". Any Director of the Trust Company who also serves as a Director of The Hershey Company or Hershey Entertainment and Resorts Company may not receive more than $80,000 for their Trust Board service. Mr. Katzir is a significant contributor to the Boards in each of these areas. But there are precious few poor white orphans living near Hershey chocolate factories today. 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- . For further information, call (717)520-1100 or send an email [email protected]. Executive Director, UCLA School Management Program For information about The M.S. She previously served as the vice president of learning at The Heinz Endowments and the deputy secretary of the Pennsylvania Office of Child Development and Early Learning where she helped set policy and practice for publicly funded early childhood education throughout the state. He currently serves on the corporate board of directors at WisdomTree, Inc. Mr. Katzman provides valuable perspectives as a representative of our largest stockholder and the school that is its sole beneficiary. Ms. Koken is Chairman of the Board of Hershey Trust Company and Milton Hershey School, positions she has held since December 2020. Dr. Peeples-Fullmore is committed to service and giving back which makes her a valuable member of the Boards. Qualifications, Attributes and Skills: Hershey said on April 25, 2023 that its board of directors declared a regular quarterly dividend of $1.04 per share ($4.14 annualized). Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Partner, Dilworth Paxson He previously served as Vice President and Chief Operating Officer and held other leadership positions in the Entertainment division . Through his will, Milton Hershey directed that the Trust Company serve as trustee for a new trust fund. To now serve as Chairman of the Board of Managers of MHS and the Board of Directors of Hershey Trust Company (HTC) has been one of the greatest honors of my life. #24 View more. In order to provide as much benefit to the community as possible, it has never sought a change in the original trust agreement calling for a yearly fee of $1,000 to be paid to the trustee. Ms. Kraus is an alumna of Milton Hershey School, having graduated as valedictorian in 1989, and is a recipient of the Milton Hershey School Alumni Career Award. The establishment of the Hershey Medical Center had a dramatic impact on the community as well. in 1951). Mr. Brown provides valuable perspectives as a representative of our largest stockholder and the school that is its sole beneficiary. M.P.P.M, Yale School of Management A.B., Mathematics and Business Administration, Wittenberg University, Appointed: Director 2014 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. Hershey created a deed of trust establishing a trust fund for the school. Jason was chairman of the Pittsburgh Technology Council and serves on the board of Family Design Resources, which provides adoption/foster services for needy children. In 1918, three years after Catherine Hershey died, Hershey transferred nearly all of his assets . The Pennsylvania Attorney General's office on Friday unveiled the terms of a reform agreement with the charitable trust that controls Hershey Co <HSY.N> that includes a 10-year term limit for . Ms. Kraus also sits on the Board of the Girl Scouts of Eastern Pennsylvania. Mr. Saltzmans expertise is in the areas of education, at-risk child care, and non-profits. Education: The Hershey Trust Company is an American corporation incorporated on April 28, 1905, by Milton S. Hershey, Harry Lebkicher and John E. Snyder. Specialized savings accounts, such as Christmas Savings Clubs, were clever gimmicks promoted by the Trust Company to encourage new account business. For more information, visit mhskids.org. Hershey Foundation and the Hershey Cemetery Perpetual Care Trust. At about the same time, in an unrelated investigation, John Estey, former chief of staff to Governor Ed Rendell and a high-ranking executive of the company, was charged with wire fraud, having pocketed $13,000 that an FBI sting operation had given to him in an investigation into illegal lobbying of legislators.[13][14].

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