hershey trust company board of directors

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. 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. Mr. Dutkowsky is the former Executive Chairman and Chief Executive Officer of Tech Data Corporation, a wholesale distributor of technology products, a position he held from June 2018 until his retirement in June 2020. Highlights: Mr. Brown brings vast experience in both the public and private sectors to the Boards of Hershey Trust Company and Milton Hershey School. A.B., Mathematics and Business Administration, Wittenberg University, Appointed: Director 2014 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. M.B.A., Harvard Graduate School of Business Administration Chief Financial Officer of Accelerated Enrollment Solutions, a business unit of Pharmaceutical Product Development LLC With Milton Hersheys gift, the Trust Company needed to direct more of its efforts toward the management of the School Trusts assets. Management of the Milton Hershey School Trust was so good that income generated often outpaced the Schools needs. The board is a generic corporate governance mechanism and works as an intermediary between the firms executives and their shareholders. The company provides financial planning and administrative solutions to . Ms. Marsh is also a trustee emerita and past treasurer of Sewickley Academy, where she continues to serve on its endowment committee. B.A.,Villanova University, Appointed: Director 2019MHS Class of 2004 "I have every expectation that Diane's commitment to advancing Mr. and Mrs. Hershey's mission will ensure that more students at Milton Hershey School will be able to receive life-changing care and support for years to come.". The Trust Company excelled in its responsibility and stewardship of those trust funds. Board of Hershey Trust Company and Milton Hershey School, Deputy Chair and . in 1951). Specialized savings accounts, such as Christmas Savings Clubs, were clever gimmicks promoted by the Trust Company to encourage new account business. During his career, Jason has received a variety of honors, including Ernst & Youngs Entrepreneur of the Year, the Pittsburgh Technology Councils CEO of the Year and the Milton Hershey School Alumnus of the Year. Specifically, roughly 48% of the outstanding shares of Hormel Foods are owned by the Hormel Foundation. Founding Partner, SCP Private Equity Partners This was particularly important with a new and rapidly expanding community. 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. 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. Bergen has served on numerous community, philanthropic, and health care related boards, and currently serves on several non-profit boards as well as a corporate board and the prestigious American Hospital Association Foster G. McGaw Prize Committee. He had the foresight to recognize that if his chocolate making idea was to work for the benefit of all, he would need a place for his workers to live self-reliant, independent lives. 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. The Hershey Trust: Managing Conflicts of Interest in Corporate Governance. Vice President, General Counsel and Corporate Secretary, Provident Mutual Life Insurance Company Appointed: Director 2017, Vice Chair 2017-2020 B.S., Accounting, Pennsylvania State University, Appointed: Director 2019 Pay Rank By Title In MFG Nondurable industry. 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. Ms. Marsh is additionally a director of the board for two institutional investor funds managed by Global Forest Partners LP and is a past director of the board of the Federal Farm Credit Banks Funding Corporation. 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 . Hershey Foundation as the conduit for a $50 million gift from the Milton Hershey School Trust to Pennsylvania State University for a medical school and teaching hospital known asThe Milton S. Hershey Medical Center. Mr. Palmer is the Founder and Chief Executive Officer of TropicSport, a natural and environmentally friendly e-commerce suncare and skincare products company, a position he has held since April 2019. Her 30+ years of business and nonprofit experience provides the Boards with extensive strategic and operational management expertise in education, and exceptional leadership capabilities. We are collecting COVID-19 stories from the Hershey community. He has been recognized multiple times as one of Savoy Magazines Top 100 Most Influential Blacks in Corporate America. Education: For more information, visithersheytrust.com. He was a man of action. HERSHEY, Pa., Jan. 9, 2023 /PRNewswire/ -- The Hershey Trust Company (HTC) Board of Directors and the Milton Hershey School (MHS) Board of Manager. 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. The bank operated as a separate entity, though the Trust Company, as trustee, owned majority equity ownership in the bank. Under the stewardship of Hershey Trust Company, Milton Hersheys Testamentary Trust Fund has grown to $33 million today. Along with being one of 11 members of the board of directors for the Hershey Company, Layla Dylan was also a member of the board of the Hershey Trust Company. Ms. Arway contributes to the Board through the experience in finance, marketing, international business, government affairs, consumer products and human resources she developed throughout her career. Vice President Finance and Corporate Controller, Bioclinica, Inc. Chief Financial Officer, Wedgewood Pharmacy Hershey Trust Company, as the trustee, served as the financial steward for Milton Hersheys vision for the communitys youth. It's a non-profit organization set up by the company's founders. 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 . The bank vault was a particularly imposing feature of the building. Professional Experience: "The Board is established to carry out the lasting legacy of our founders. 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. About Milton Hershey School Milton Hershey School is one of the world's best private schools, offering a top-notch education and positive home life to children in pre-kindergarten through 12th grade from families of lower income at no charge. Shares must be . He has a long-standing interest in education, particularly for disadvantaged children. in Chemical . In addition to the Hershey enterprises, the Chocolate Company holdings also included Milton HersheysCuban holdings. Prior to that, she was executive director of the Pittsburgh Association for the Education of Young Children. This year we won the Business Times Fastest Growing company. Previously, Joshua was a Vice President - Consumer Sector Portfolio Manager At Asset Management at Goldman Sachs. 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 . As banking laws evolved in the 1970s and 1980s the tradition of small independent banks gave way to expansions and mergers. Ms. Schoppert contributes to the Board through her extensive financial leadership experience, public company reporting expertise and retail experience across finance, IT, digital and marketing. 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. Hershey Community Archives is currently open by appointment ONLY. In early 1903, while he made plans to break ground for his chocolate factory in a field near the tiny community of Derry Church, Pennsylvania,Milton Hersheythought about the needs of his future workers. To broaden its accessibility, special deposit stations were established on Hershey trolleys. 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. J.D., University of Virginia School of Law It serves as the Trustee for the Milton Hershey School Trust, the M.S. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. The Homestead served as both home and classroom to the first students. Ms. Bergen has extensive experience in how boards work and how to effectively and efficiently guide profit and nonprofit institutions. He previously served for 27 years as the executive director of the Robin Hood Foundation, New York Citys largest poverty-fighting organization. A native of Pennsylvania, she has exceptional leadership and management experience in complex organizations operating in highly regulated environments. 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. Highlights: Ms. English is the former President and Chief Executive Officer of Fight For Children, a highly visible Washington, D.C.-based nonprofit that improves education opportunities for low-income children. Though at the time Hershey Trust Company did not actively solicit private trust business, it did accept most requests to establish private trust accounts. Eight directors ran up an $18,000 tab for a weekend board meeting last June at New York's Waldorf-Astoria hotel, according to internal records . Hershey Trust Companys decision to actively seek private trust business grew out of changes resulting from the 1984 restructuring of Hershey Foods (now The HersheyCompany)stock. In 2011, Hershey Trust Company sold its private wealth management group to Bryn Mawr Bank Corporation in order to focus its talents and energies on managing the assets of the Milton Hershey School trust fund. 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. I am proud that, as Vice Chair, my education and expertise can be used to advance the school that served as my home.". In his reply, E.J. Like other Hershey businesses, the Trust Company was an instrument to carry out Milton Hersheys plans for his model community. Jason later built Direct Response Technologies, Inc., an affiliate tracking platform which scaled to 12 billion monthly transactions. 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. Highlights: Ms. Kraus has more than 25 years of experience and leadership in finance, strategy, and corporate development. After graduating from MHS and Bloomsburg University in 1992, he became an entrepreneur and selftaught programmer and started a series of internet companies, including MyCoupons. Read important MHS policies on equal opportunity and diversity, equal employment opportunity, and more. 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 is currently the Chief Financial Officer of Wedgewood Pharmacy. The alleged compensation abuses relate to the purported payment of excessive compensation to the Directors of the Hershey Trust Company, a wholly-owned for profit subsidiary of the Trust, reported to total $1,118,146 for the part time work of ten directors. Partner, Dilworth Paxson Founded 2,000 years ago, Lyon's streets are a living museum, with beautiful historical buildings and interesting art galleries and museums. Previously, the company paid $1.04 per share. Executive Vice President, Corporate Development & Strategy, Bioclinica, Inc. M.Ed., Educational Leadership and Elementary Education, Florida A&M University Dr. Peeples-Fullmore is committed to service and giving back which makes her a valuable member of the Boards. His background aligns with accountable philanthropy and the mission of preserving Mr. and Mrs. Hersheys legacy. Cision Distribution 888-776-0942 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. As a child, sports media icon Ray Didinger carried star receiver Tommy McDonald's helmet to and from the practice field. Ms. Kraus was elected to the Boards in 2018 and brings an extensive background in finance, strategy, and corporate development. Scalia joined the company in 2005 in the legal department with an expertise in labor relations and transitioned to Human Resources in 2011. 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. The Hershey Trust Company is an American corporation incorporated on April 28, 1905, by Milton S. Hershey, Harry Lebkicher and John E. Snyder. . Today, Hershey Trust Company stands alone as being the same company doing business in the same town for one hundred years. Among the allegations regarding the misuse of funds include the Trust's purchase of an . Education: While the chocolate factory was still under construction, he began to implement his ideas for a model industrial community. Hershey Trust Company is a money management firm based in Hershey, Pennsylvania. Breaking ground on February 26, 1966, the Medical Center was completed in 1970 and a formal dedication for The Milton S. Hershey Medical Center was held June 5, 1971. Mr. Crawford has held senior management positions at several companies across the food and beverage, hospitality and healthcare services industries. In the 1990s, the Medical Center emerged as the townships largest employer, with more than 6000 employees. President & Chief Executive Officer, Penn Medicine Lancaster General Health 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. They would need comfortable homes, health and recreational facilities, and schools for their children. About the same time, Hershey Trust Company began to focus on developing more traditional trust business. Prior to founding TropicSport, Mr. Palmer held key leadership positions at Kimberly-Clark Corporation, a multinational personal care company, including serving as President, Global Brands and Innovation, from April 2012 to April 2019. 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. 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. Both companies shared real concerns about losing control of Hershey Foods Corporation through a corporate raid or hostile takeover. Large windows, massive interior pillars, bronze grill work, mahogany desks and trim, and marble flooring decorated the bank space. Education: With its quarterly payments to the School District, this gift plays an important role in supporting the high level of public education valued in the Hershey community. 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. The Hershey Company is headquartered in . Having spent most of his career in the consumer-packaged goods industry, Mr. Palmer contributes to the Board through his insight in several key strategic areas for the Company, including fast-moving consumer-packaged goods, emerging markets, marketing and human resources. Hershey Trust Company quickly became the town's financial center, playing an important role in financing Milton Hershey . Mr. Katzman is a director of Hershey Trust Company and a member of the Board of Managers of Milton Hershey School, a position he has held since April 2017. [3] In 1909, when Hershey founded the Milton Hershey School, Hershey appointed the Trust as administrator of the school trust. MHS Class of 1987 Vice President, Corporate Planning and Business Development, Marriott Corporation She has also served as director of Hershey Trust Company and a member of the Board of Managers of Milton Hershey School since December 2015. The latitude of Grenoble, the Auvergne-Rhne-Alpes, France is 45.171547, and the longitude is 5.722387.Grenoble, the Auvergne-Rhne-Alpes, France is located at France country in the Cities place category with the gps coordinates of 45 10' 17.5692'' N and 5 43' 20.5932'' E. A.B., Economics, Dartmouth College, Appointed: Director 2016, Chair 2021, 2022 Hershey Foundation, visit their website at www.mshersheyfoundation.org. Ryder, the Northern National cashier, suggested that in addition to taking mortgages, a trust company would have the added advantage of doing fiduciary business. 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. 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. 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. 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. This focus aligns her work with the mission of the Hersheys legacy. The Association is composed mostly of School graduates, though it includes honorary and . Appointed: Director 2023 The floor plan was designed to offer separate office space for other Hershey businesses. She is a Certified Public Accountant and qualifies as a financial expert, as defined by the U.S. Securities and Exchange Commission. With the establishment of the Hershey Bank, the Trust Company could now focus its efforts on trust and related businesses. The building design incorporated Renaissance style elements and was constructed of marble and brick on a granite foundation. 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. Business grew rapidly and in 1910 a second clerk was added to the staff. "Assuming this Board position and supporting the school that gave me so much as a student is truly humbling," said Maria Trinh Kraus. 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 . 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. Enthusiastic about the mission, she serves as a role model for future generations of students. 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. Milton Hershey School is one of the world's best private schools, where qualifying pre-kindergarten through 12th grade students live on campus and receive an exceptional education with top-tier classes and facilitieswith all costs covered throughthe trust left by founders Milton and Catherine Hershey. Robert Vowler is a business advisor and experienced board member based in Pennsylvania. 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. Hershey Trusts mortgage business was more than a financial transaction. 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. 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. 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. Earlier in his career, Harold was executive director at UBS Global Asset Management. Thanks to a historic gift by M.H.S.'s founder, the Hershey Trust Company has an endowment of $12.3 billion and an ownership stake in Hershey Company, giving it control of the candy dynasty . Mr. Katzir is a significant contributor to the Boards in each of these areas. 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.

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