Hershey has announced that its board of directors has elected Michele Buck as chairman of the board of directors of The Hershey Company, effective immediately. Buck will also continue in her current role as president and CEO of the snacking company, a role she has held since March 2017. Buck succeeds Chairman Chuck Davis who will reassume the role of lead independent director, a role he held from May 2017 until his appointment as chairman in May 2018.
The combination of the offices of CEO and chairman of the board underscores the board’s confidence in Hershey, the existing management team, and Buck. Under Buck’s leadership, Hershey has delivered strong financial results while successfully executing on the strategic vision of the company through portfolio expansion, profitable international growth, and positioning the company for future growth and value creation for all Hershey stakeholders.
“These changes to our board reflect Michele’s vision and leadership and we look forward to supporting The Hershey Company on its journey to becoming an innovative snacking powerhouse,” said Davis. “Hershey has a rich legacy of creating shareholder value in a manner that reflects our principles of excellence, togetherness, integrity, and making a difference.”
The NC Food Innovation Lab (NCFIL) will open on November 14, with a ribbon cutting, facility tour, and open house celebration. NCFIL is a 16,000-square-foot plant-based food processing and product development facility located on the 350-acre North Carolina Research Campus in Kannapolis, N.C.
Cargill has opened a Culinary Experience Hub in its R&D site in Vilvoorde, Belgium, to better serve its customers across the EMEA (Europe, Middle East, and Africa) region.
Nestlé has entered into a partnership with Corbion to develop the next generation of microalgae-based ingredients, enabling the company to deliver sustainable, tasty, and nutritious plant-based products.
Kemin Industries, a global ingredient manufacturer, has opened an innovation and technology center at its regional headquarters in Zhuhai, China.
Puratos has announced the opening of its newest innovation center in the Pilsen neighborhood of Chicago.