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Founded in 1905 by Milton S. Hershey, Hershey Trust Company is a Pennsylvania-chartered trust company that serves as Trustee of, and investment advisor to, the Milton Hershey School Trust, the M.S. Read important MHS policies on equal opportunity and diversity, equal employment opportunity, and more. President & Chief Executive Officer, Pennsylvania Association of Rehabilitation Facilities Previously, the company paid $1.04 per share. New housing developments, such as Briarcrest and Glen Acres, were established in response. In addition to handling the Hershey business payrolls, the Trust Company offered savings accounts, mortgages, and commercial and personal loans. The trustees have . #24 View more. "Michelle, Harold and Jason bring exceptional leadership experience and a commitment to honoring the legacy of our founders, Milton and Catherine Hershey, and fill important needs identified by the current members of our Boards," said Diane Koken, Chair of the HTC and MHS Boards. HERSHEY, Pa., Dec. 11, 2020 /PRNewswire/ -- The Hershey Trust Company Board of Directors and the Milton Hershey School Board of Managers announced the election of Diane Koken as Chairman. Leadership Team | Hershey Entertainment & Resorts 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. IN RE: MILTON HERSHEY SCHOOL TRUST. (2002) | FindLaw 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. Robert Vowler is a business advisor and experienced board member based in Pennsylvania. After nearly two years of planning and development, ground was broken on August 20, 1912 for a new bank building at the intersection of Cocoa and Chocolate Avenues. When typing in this field, a list of search results will appear and be automatically updated as you type. 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. Iron Mountain Incorporated (May 2014 to present), Bachelors degree in languages from Memorial University of Newfoundland, Masters of Business Administration degree from Queens University, Kingston, Ontario, Canada, FS Credit Real Estate Income Trust (December 2021 to present), FS Multi-Strategy Alternatives Fund/FS Series Trust (August 2017 to present), FS Investment Corporation III (February 2016 to December 2018), Juris Doctor degree from the University of Virginia Law School, New York Life Insurance Company (November 2013 to present), Bachelors degree from Shippensburg University of Pennsylvania, Masters of Business Administration degree from the University of North Carolina, Board of Trustees, National Urban League (October 2010 to present), Dave & Busters Entertainment, Inc. (August 2016 to June 2020), Bachelor of Science in accounting from Boston College, Pitney Bowes, Inc. (July 2018 to present), Raymond James Financial, Inc. (October 2018 to present), Tech Data Corporation (October 2006 to June 2020), Bachelor of Science in Industrial Labor Relations from Cornell University, Grocery Outlet Holding Corp. (November 2019 to present), Trustee of Equity Residential (July 2011 to present), Bob Evans Farms, Inc. (August 2012 to January 2018), Masters of Business Administration degree in marketing from the University of Michigan, Ross School of Business, Brinker International, Inc. (January 2018 to present), Masters of Business Administration degree from Columbia University Graduate School of Business, Nationwide Mutual Funds and Nationwide Variable Insurance Trust (April 2019 to present), Capital BlueCross (December 2011 to present), Nationwide Mutual Insurance Company; Nationwide Mutual Fire Insurance Company; Nationwide Corporation (April 2007 to present), Juris Doctor degree from Villanova University School of Law, Boston Consulting Group (senior advisor) (December 2012 to present), Bachelors degree in marketing from the University of Southern California, Masters of Business Administration degree in marketing from the University of Southern California, Bachelors degree in business from Monash University in Melbourne, Australia, Masters of Business Administration degree, with distinction, from the International Management Institute, Geneva, Switzerland, Bachelor of Science in industrial and systems engineering from the University of Southern California, Masters of Science in computer and manufacturing from the University of Southern California, Bremer Financial Corporation (May 2017 to present), Gaia, Inc. (formerly Gaiam, Inc.) (October 2013 to December 2018), Bachelor of Arts in mathematics and operations research from Cornell University, Masters of Business Administration in finance and general management from Cornell University. 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. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. 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 . 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. 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. For information about the Hershey Cemetery, visit their website at www.hersheycemetery.com. He has significant experience in finance, private equity and venture capital, having previously served as a partner in SCP Private Equity Partners, a diversified, multi-stage venture capital firm. This is important because the snack food company . Professional Experience: Available rental properties offered by Hershey Trust Company, can be found at www.htcrealestate.com. Ms. Bergen has extensive experience in how boards work and how to effectively and efficiently guide profit and nonprofit institutions. The charts on this page feature a breakdown of the total annual pay for the top executives at HERSHEY CO as reported in their proxy statements. In 1938, the Foundation endowed the Hershey Junior College, offering tuition free higher education to all Derry Township residents and employees of the Hershey corporations. By his Will, Mr. Hershey gave the stock of the Hershey Trust Company to the School Trust. Wrigley Jr. Company, a leading confectionery company, a position she held from October 2008 until her retirement in February 2011. With the establishment of the Hershey Bank, the Trust Company could now focus its efforts on trust and related businesses. Mr. Saltzmans expertise is in the areas of education, at-risk child care, and non-profits. Hershey Trusts mortgage business was more than a financial transaction. 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. Read More In simple terms, the bank controlled the school's assets and operations, and Hershey owned the . 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. Chief Financial Officer of Accelerated Enrollment Solutions, a business unit of Pharmaceutical Product Development LLC Ms Koken is passionate about the mission of the Milton Hershey School and is focused on fulfilling and furthering the mission and legacy of its founders, Milton and Catherine Hershey. Program Officer for the Aspiring Leaders Program at Teaching Trust Chief of Staff to Pennsylvania Governor Robert P. Casey Committees & Charters | The Hershey Company https://hersheyarchives.org/encyclopedia/. Founding Partner, SCP Private Equity Partners The increased staff provided Hershey Trust Company with enhanced expertise in money management and beginning in 1989 the company began actively soliciting private business. Chief of Staff to U.S. Mr. Brown provides valuable perspectives as a representative of our largest stockholder and the school that is its sole beneficiary. No change in the last quarter. The building was designed byC. Emlen Urban, a noted Lancaster architect. As the Trust Company assumed these new responsibilities, it became apparent that the town needed a new financial institution to provide the more traditional banking services for the community. Professional Experience: Board of Directors | The Hershey Company As Layla Dylani settled into her seat for the flight home, the complexity of her position was top of mind. Still, in 1905 Milton Hersheys town was more of an idea than an actuality. Wrigley Jr. Company, including as Group Vice President and Managing Director, North America. 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. When typing in this field, a list of search results will appear and be automatically updated as you type. By providing top-tier trust and investment management services, Hershey Trust Company helps these trusts, and the organizations they support, achieve their long-term goals in advancing the legacy and vision of Milton and Catherine Hershey in perpetuity. M.B.A., Columbia Business School President, Discovery Communications Consumer Products and Discovery.com Senator Robert P. Casey, Jr. Ms. Marsh further brings to the Boards a keen interest in education and human development, including the mission and legacy of Milton and Catherine Hershey. Mr. Katzman provides valuable perspectives as a representative of our largest stockholder and the school that is its sole beneficiary. 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. Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of . A native of Pennsylvania, she has exceptional leadership and management experience in complex organizations operating in highly regulated environments. Professional Experience: In making its independence determinations with respect to Ms. Koken and Messrs. Brown and Katzman, the Board considered their roles as current members of the board of directors of Hershey Trust Company and the board of managers (governing body) of Milton Hershey School, as well as certain transactions the Company had or may have with these . 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. Hershy Management 1 .docx - The Hershey Trust: Managing The foundation trust has the Hershey Trust Company as its trustee and is overseen by the Trust Company's board of directors. 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. Management of the Milton Hershey School Trust was so good that income generated often outpaced the Schools needs. On April 28, 1905, the Pennsylvania Department of State issued a charter creating the Hershey Trust Company. Furthermore, the Trust Company continued to make mortgage loans, thus playing a significant role in the growth and development of the town. h2g2 - The Hershey Trusts - Edited Entry Board of Directors Board of Directors submenu; Committees & Charters Committees & Charters submenu; Corporate Governance Corporate Governance submenu; . Ms. Koken is a native and lifelong resident of Pennsylvania. His experience in education leadership best practice allows him to bring important insights to the Boards. This focus aligns her work with the mission of the Hersheys legacy. Hershey Foundation, 2018 Hershey Community Archives | Terms of Use | Designed by Triple Strength. Executive Director, Founding Board Member, Robin Hood Foundation Education: Professional Experience: Best Things to Do in Auvergne Rhne-Alpes, France She is a Certified Public Accountant and is currently the Chief Financial Officer of Accelerated Enrollment Solutions, a business unit of Pharmaceutical Product Development (PPD). Ed.M., Leadership, Policy, and Reform, Harvard Graduate School of Education Education: Highlights: Mr. Katzman is Senior Vice President, Business Development for General Electric (GE). 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]. Robert F. Cavanaugh, a Board member since October 2003, is also an independent member of the Board of Directors of Hershey Trust Company and the Board of Managers (governing body) of Milton Hershey School. Senior Vice President, Business Development, General Electric Partner, Dilworth Paxson GIPSA-lab | LinkedIn Ms. Kraus also sits on the Board of the Girl Scouts of Eastern Pennsylvania. Milton Hershey School does not discriminate in admissions or other programs and services on the basis of race, color, national or ethnic origin, ancestry, sex, religious creed or disability. August 23, 2017 07:06 PM Eastern Daylight Time. The board is a generic corporate governance mechanism and works as an intermediary between the firms executives and their shareholders. Another year would pass before the community was officially named, when the United States Postmaster granted Milton Hershey permission to establish a new post office. I am proud that, as Vice Chair, my education and expertise can be used to advance the school that served as my home.". The Hershey Trust Company announced their successors on November 1 1 . He has been recognized multiple times as one of Savoy Magazines Top 100 Most Influential Blacks in Corporate America. Public Company and Other Key Directorships. Prior to joining Sleep Number in 2005, Ms. Schoppert led U.S. Banks Private Asset Management team and served as its Head of Product, Marketing and Corporate Development. Hershey Chocolate Company, the Hershey Trust Company, the Milton Hershey School, and the community of Derry Township all enjoyed a cozy, albeit fragile union while . Appointed: Director 2023 Boards of Hershey Trust Company and Milton Hershey School Elect Three Check out this great segment on Reese's Peanut Butter Cups, including archival materials from our collections! 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. 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. The Hershey Company - Deal Point Data 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 He was initially recommended for nomination to the Board by the Milton Hershey School Trust in 2003. Jason brings the unique perspective of an MHS graduate and vast experience as a successful entrepreneur," Koken added. Given her background, Dr. Peeples-Fullmore has unique insights into the educational and social issues that face the students of Milton Hershey School. 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.