He was initially recommended for nomination to the Board by the Milton Hershey School Trust in 2003. The Hershey Trust . Professional Experience: He previously served for 27 years as the executive director of the Robin Hood Foundation, New York Citys largest poverty-fighting organization. The trustees have . A Seth Thomas 30 day clock was positioned above the vault door, guarded by two magnificent lions in bas-relief, representing Time and Strength.. Since 1909, MHS has achieved its mission of breaking the cycle of poverty. This year we won the Business Times Fastest Growing company. Mr. Crawford also held senior management positions at PepsiCo, Inc., a multinational food, snack and beverage company. Highlights: Ms. Marsh is the former Chief Investment Officer and Treasurer of the University of Pittsburgh where she was responsible for managing the financial assets and liabilities of the University and its endowment. Ms. Marsh is currently a director of the Pittsburgh Foundation and vice chair of its investment committee, and she is a member of the investment committees for the boards of the Claude Worthington Benedum Foundation and the Pittsburgh Symphony Orchestra. This was particularly important with a new and rapidly expanding community. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. The community of Hershey remained an enduring passion for Milton Hershey throughout his life. Consistent with the financial institutions of the time, the Trust Company building was designed to impress the public. Legal/Regulatory Consultant Though the chocolate factory began operations during the summer of 1905, little else was operating in town. By 1981, Hershey Trusts ownership of Hershey Foods Corporation had shrunk to 50.1%. Cision Distribution 888-776-0942 We are collecting COVID-19 stories from the Hershey community. A.B., Mathematics and Business Administration, Wittenberg University, Appointed: Director 2014 The Pennsylvania Office of Attorney General has reached a new agreement with the trustees of the Hershey Trust Company and Hershey School only three years after an agreement made in 2013. Hershey Foundation, visit their website at www.mshersheyfoundation.org. She also held a succession of leadership positions in her 27-year career at Kraft Foods, Inc., a grocery manufacturing and processing conglomerate. The floor plan was designed to offer separate office space for other Hershey businesses. B.A., International Affairs, Sweet Briar College. On April 28, 1905, the Pennsylvania Department of State issued a charter creating the Hershey Trust Company. B.S., Accounting, Pennsylvania State University, Appointed: Director 2019 He named the Hershey Trust Company as administrator of the school trust. The role of Hershey Trust Company seemed clear following the death of Milton Hershey: to be a good steward of Milton Hersheys fortune and to stay true to his vision for the Milton Hershey School and his passion for the community. Harold has spent his career leading teams that managed multibillion-dollar investment portfolios and will be immediately helpful in overseeing the management of the Milton Hershey School Trust. He has a long-standing interest in education, particularly for disadvantaged children. Specifically, roughly 48% of the outstanding shares of Hormel Foods are owned by the Hormel Foundation. Available rental properties offered by Hershey Trust Company, can be found at www.htcrealestate.com. Under the terms of the Agreement, the Milton Hershey School Trust will sell to the Company on a weekly basis during the Term the number of shares of Common Stock equal to the product of the aggregate number of shares of Common Stock the Company has purchased on the open market from persons other than the Milton Hershey School Trust during the preceding calendar week (the "Prior Week Shares . Hershey stipulated that those assets were to be managed by the Hershey Trust, part of a for-profit bank, and he retained a significant measure of control over the school's operations by reserving to the bank the right to appoint its board members. 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. She has served as Insurance Commissioner in Pennsylvania for 10 years in the cabinets of Republican and Democratic governors and was responsible for expanding the Children's Health Insurance Program (CHIP). It was Samuel Hinkle, President of the Hershey Chocolate Corporation and a director of the Trust Company Board, who first proposed using the money for the construction, operation and endowment of a medical center. On August 23, 1963, the Trust Company Board used The M.S. Highlights: Jason enrolled at Milton Hershey School at the age of 11. Highlights: Ms. Kraus has more than 25 years of experience and leadership in finance, strategy, and corporate development. Appointed: Director 2023 Among the allegations regarding the misuse of funds include the Trust's purchase of an . 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. 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. There are a few stories that may be of interest to those of you who love Hershey history: A great story that involves Hershey history and the Philadelphia Eagles. Prior to founding Carry1st, he served as Vice President at The Carlyle Group, where he invested in a range of private businesses and supported senior executives to implement key strategic initiatives. Vice President, Corporate Planning and Business Development, Marriott Corporation Highlights: Dr. Peeples-Fullmore is an education professional and brings important experience to the Boards in areas of school administration, at-risk/dependent children, and residential childhood education. Please contact us for more information. The Managers are responsible for the long-term sustainability of Milton Hershey School and making decisions about Trust assets. The company provides financial planning and administrative solutions to . in 1951). But there are precious few poor white orphans living near Hershey chocolate factories today. 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 Directors/Managers: Michelle Figlar, Harold Singleton III and Jason Wolfe. Ms. Koken was an Attorney in the Legal Department of a Philadelphia based insurance company progressing through various management positions during her 22-year career to serve as Vice President, General Counsel, and Corporate Secretary. Mr. Brown provides valuable perspectives as a representative of our largest stockholder and the school that is its sole beneficiary. Special Assistant to the President, Board of Education of the city of New York HERSHEY, Pa.-- ( BUSINESS WIRE )--Hershey Trust Company today announced the sale of 4.5 million shares of The Hershey Company (HSY) common stock . Hershey Foundation, and endowed it with 5000 shares of Hershey Chocolate Corporation stock. Board of Directors - Hershey Trust - Founded in 1905 by Milton S. Hershey Board of Directors Jan L. Bergen Appointed: Director 2017, Vice Chair 2017-2020 Highlights: Ms. Bergen is a well-known and highly regarded health care executive who is the recently retired President & Chief Executive Officer of Penn Medicine Lancaster General Health. Prior to that, she was executive director of the Pittsburgh Association for the Education of Young Children. As one of three representatives of Hershey Trust Company and Milton Hershey School currently serving on the Board. Still, in 1905 Milton Hersheys town was more of an idea than an actuality. 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. 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. Highlights: Mr. Saltzman is the Co-Chair of the Atria Health Collaborative, a new not-for-profit dedicated to improving healthcare and the Co-Founder of Atria Health, a start-up company hoping to improve healthcare delivery. Ryder, the Northern National cashier, suggested that in addition to taking mortgages, a trust company would have the added advantage of doing fiduciary business. Chief Operating Officer, Teach for America Prior to Kimberly-Clark Corporation, Mr. Palmer served in various leadership positions at The Kellogg Company, a multinational food manufacturing company, and the Coca-Cola Company, a multinational beverage company. For more information, visithersheytrust.com. Executive Director, Founding Board Member, Robin Hood Foundation Tommy and Me is the story of Hall of Famer and Philadelphia Eagles wide receiver Tommy McDonald. The Hershey Company is headquartered in . He held the position of President and Chief Operating Officer, Healthcare, Education and Business Dining, at Aramark Corporation, a global provider of food, facilities and uniform services, from September 2012 to October 2018. Jason later built Direct Response Technologies, Inc., an affiliate tracking platform which scaled to 12 billion monthly transactions. Senior Engagement Manager, McKinsey & Company Executive Director, UCLA School Management Program 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. M.B.A., Harvard Graduate School of Business Administration Earlier in his career, he served as the special assistant to the president of the Board of Education of the City of New York, the nations largest school system with 1.1 million students. An alumna of Milton Hershey School, Dr. Peeples-Fullmores connection to the Hershey legacy runs deep. 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 In addition to the Hershey enterprises, the Chocolate Company holdings also included Milton HersheysCuban holdings. Throughout the Depression, Hershey Trust Company only foreclosed on two Hershey mortgages. For more information, visit mhskids.org. 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 Trust Company continued to maintain offices in the Bank/Trust building at the corner of Chocolate and Cocoa Avenues. Following the sale of Hershey Bank, Hershey Trust Company needed to physically relocate and establish an identity separate from the bank. Commissioner, Pennsylvania Department of Insurance Professional Experience: B.A., Anthropology and Sociology, The George School, Lafayette College Below is a brief overview of the newly elected Directors/Managers: "We look forward to bringing these new talents onto our Boards as we continue to grow Milton Hershey School and Catherine Hershey Schools for Early Learning, while continuing the prudent management of the Milton Hershey School Trust," said Koken. 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? She is also recipient of the Milton Hershey School Alumni Career Achievement Award. After the closure of the Junior College, the Foundations role broadened with its support of the Hershey Educational and Cultural Center first established in May 1966. Urban was responsible for all of Hersheys major buildings designed before 1926, including the original factory and offices, the original Hershey Inn, the first Hershey Department Store building, the Community Building and High Point. It serves as the Trustee for the Milton Hershey School Trust, the M.S. Hershey Trust Company, as the trustee, served as the financial steward for Milton Hersheys vision for the communitys youth. The new issue of The Legacy is out! 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. When typing in this field, a list of search results will appear and be automatically updated as you type. Professional Experience: 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. Crawford has held senior management positions at several companies across the food and beverage, hospitality and healthcare services industries. Senator Robert P. Casey, Jr. B.A., Brown University. Hershey Foundation and the Hershey Cemetery Perpetual Care Maintenance Trust and focuses its business solely on these trusts, to advance the legacy of Milton and Catherine Hershey in perpetuity through excellence in asset management and trust administration. August 23, 2017 07:06 PM Eastern Daylight Time. 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. She is a Certified Public Accountant and qualifies as a financial expert, as defined by the U.S. Securities and Exchange Commission. The MS Hershey Foundation Board of Managers are chosen from the Trust Company's board. 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. Senior Vice President, National Geographic Society Dec 11, 2020. www.tiogapublishing.com . 1. Lenny was livid, "We had a deal. Her knowledge of and ability to analyze the overall consumer-packaged goods industry, evolving market dynamics and consumers relationships with brands make her a valuable contributor to the Board and the Company. Vice President, General Counsel and Corporate Secretary, Provident Mutual Life Insurance Company Though at the time Hershey Trust Company did not actively solicit private trust business, it did accept most requests to establish private trust accounts. Education: Get a behind-the-scenes look at how Reeses are made, Hershey Community Archives, along with Hershey Gardens, The Hershey Story, and Hershey Theatre, is an operating division of The M.S. Jason brings the unique perspective of an MHS graduate and vast experience as a successful entrepreneur," Koken added. She previously served the Company in a variety of executive roles, including as President and Chief Executive Officer from March 2017 to October 2019 and as Executive Vice President and Chief Operating Officer from June 2016 to March 2017. For more than 15 years, Ms. Koken has also served as a legal/regulatory consultant. B.A., Communication, Lynn University, Appointed: Director 2019 Issue: June 2016. Education: I'm currently on the Board of Managers of the Milton Hershey School and on the Board of Directors of the Hershey Trust Company. Hershey, PA 17033 (Address of principal executive offices) (Zip Code) (717) 534-4200 (Registrant's telephone number, including area code) . Hershey Community Archives is currently open by appointment ONLY. Qualifications, Attributes and Skills: Ms. Koken is Chairman of the Board of Hershey Trust Company and Milton Hershey School, positions she has held since December 2020. Partner and Head of M&A for the West Region, Goldman Sachs The establishment of the Hershey Medical Center had a dramatic impact on the community as well. Hershey said on April 25, 2023 that its board of directors declared a regular quarterly dividend of $1.04 per share ($4.14 annualized). 2011 investigation of the Hershey Trust Company, Entities of the Milton Hershey School Trust, Entities of the Milton S. Hershey Foundation, Created through a gift from the MS Hershey Foundation using funds provided by the, Hershey Entertainment and Resorts Company, Penn State Milton S. Hershey Medical Center, "Board of Directors Hershey Trust Company", "IRS Form 990 Milton Hershey School and School Trust", "Hershey school's purchase of golf course helped investors", "Ousted Hershey Trust president tells court of serious financial irregularities", "Ex-Hershey Trust official Robert Reese gives $100K to AG candidate Kathleen Kane", "Pennsylvania's attorney general: No penalties, but reforms for Hershey Trust", "Hershey Trust Company Reaches Agreement with Attorney General on Reforms to Better Serve the Milton Hershey School Mission", "AG wants to remove 3 leaders of Hershey Trust", "Few details available in Estey bombshell", https://en.wikipedia.org/w/index.php?title=Hershey_Trust_Company&oldid=1117454328, This page was last edited on 21 October 2022, at 20:26. He previously served as Chief Executive Officer of Tech Data from October 2006 to June 2018, including as Chairman of the Board from June 2017 until his appointment as Executive Chairman in June 2018. Ms. Kraus brings extensive financial expertise along with her many years of business management, corporate and board governance to the Boards. New staff was added to invest and manage monies realized from the sale of Hershey Foods stock. 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. Prior to that, he was managing director/head of asset management companies and simultaneously global head of retail and intermediary sales at PineBridge Investments. That year Milton Hershey quietly gifted the School Trust with all of his Hershey Chocolate Company stock, then valued at $60 million. Highlights: Harold has held executive, portfolio management and analyst roles in asset management firms for more than 30 years. Education: She serves on the Boards of the Educational Testing Service, the DC Public Education Fund, Fight for Children, the Virginia Institute of Marine Science (VIMS) Foundation, the Gladstone Companies, and DC Prep Public Charter School. Previously, the company paid $1.04 per share. He currently serves on the corporate board of directors at WisdomTree, Inc. Senior Vice President & Administrator/Chief Executive Officer, Bryn Mawr Hospital Her presence in the boardroom also ensures efficient communication between the Board and Company management. Scalia joined the company in 2005 in the legal department with an expertise in labor relations and transitioned to Human Resources in 2011. While no one lost their job due to cutbacks in Hershey, work hours were often reduced and Hershey employees often saw a resulting reduction in their paycheck. 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. Previously, Joshua was a Vice President - Consumer Sector Portfolio Manager At Asset Management at Goldman Sachs. When typing in this field, a list of search results will appear and be automatically updated as you type. She contributes to the Board through her significant expertise in insurance, risk management and regulatory affairs, as well as her experience in legal operations and corporate governance. Mr. Brown also has extensive government relations and public policy experience from serving as Chief of Staff in U.S. federal and Pennsylvania state governments. In 1986, Hershey Trust Company sold its ownership of the Hershey Bank to PNC Corporation. He has served as an adjunct professor at Villanova University, a trustee of the Gesu School (an inner-city Catholic grade school), a founding trustee of the Young Scholars Charter School (a school with an economically disadvantaged student body), and a trustee for Immaculata University. That all changed in 1918. Senior Vice President, Business Development, General Electric 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. Prior to that, she was executive director of the Pittsburgh Association for the Education of Young Children. 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. B.A., Political Science, Stanford University, Appointed: Director 2018 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. Joshua Shannon is a Vice President, Investment Officer, Public Market Equities at Hershey Trust based in Hershey, Pennsylvania. Pennsylvania Secretary of General Services 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. For further information, call (717)520-1100 or send an email info@hersheytrust.com. B.A., History, Dartmouth College, Appointed: Director 2017 Harold holds an M.B.A. in finance from the University of Chicago, a Bachelor of Science in chemical engineering from the Illinois Institute of Technology and is a chartered financial analyst. Prior to joining Tech Data, Mr. Dutkowsky served as President, Chief Executive Officer and Chairman of two software companies, Egenera, Inc. and J.D. President & CEO, Fight for Children Directors: Jane Cooper Sheila E. Dow-Ford Richard A. Harvey Eric Henry Jeffrey W. Jones . Wolfe, LLC, a global leader in gift card fulfillment, is pleased to announce its Founder and CEO, Jason Wolfe, was recently elected to The Hershey Trust Company