The Chocolate Trust: Deception, Indenture and Secrets at the $12 Hershey, PA 17033 (Address of principal executive offices) (Zip Code) (717) 534-4200 (Registrant's telephone number, including area code) . That same year Milton Hershey established Hershey Trust Company to serve as the communitys bank in accommodating its financial needs. Senior Vice President, National Geographic Society 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. Executive Director, UCLA School Management Program Education: Lyon is France's third-largest city and a major tourist destination. In February 2011, Robert Reese (grandson of H. B. Reese the inventor of Reese's Peanut Butter Cups),[4] a former board member and president of the Trust,[5] filed a lawsuit against the Hershey Trust Company alleging that Trust had been improperly using the Trust's money. A Seth Thomas 30 day clock was positioned above the vault door, guarded by two magnificent lions in bas-relief, representing Time and Strength.. Our Leadership | The Hershey Company They would need comfortable homes, health and recreational facilities, and schools for their children. 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. Mr. Robbin-Coker began his career with Morgan Stanley, advising on M&A and capital markets transactions across the US, Europe, and Africa. She began her career in the airline industry, serving in various financial, strategic and general management leadership positions at American Airlines, Northwest Airlines and America West Airlines. Boards of Hershey Trust Company and Milton Hershey School Elect Three That year Milton Hershey quietly gifted the School Trust with all of his Hershey Chocolate Company stock, then valued at $60 million. Director since May 2017. Earlier in his career, Harold was executive director at UBS Global Asset Management. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Hershey Trust Companys move to High Point in 1991 provided them with much needed spacefor their expanded staff. Education: An alumna of Milton Hershey School, Dr. Peeples-Fullmores connection to the Hershey legacy runs deep. Mr. Crawford also held senior management positions at PepsiCo, Inc., a multinational food, snack and beverage company. For more information, visit mhskids.org. A large portion of the trust's funding was represented by its stake in the Hershey Company. He was a man of action. 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. 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 . 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. In re Milton Hershey School, 867 A.2d 674, 678 (Pa.Cmwlth.2005) (quoting Deed of Trust, November 15, 1909, at 12-13). Hershey Foundation, visit their website at www.mshersheyfoundation.org. No change in the last quarter. Founding Partner, SCP Private Equity Partners Partner and Head of M&A for the West Region, Goldman Sachs B.A.,Villanova University, Appointed: Director 2019MHS Class of 2004 J.D., University of Virginia School of Law 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. Chief Financial Officer, Wedgewood Pharmacy 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. M.P.A., Columbia University 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. Board of Hershey Trust Company and Milton Hershey School, Deputy Chair and . About the same time, Hershey Trust Company began to focus on developing more traditional trust business. Professional Experience: Board of Directors & Treasurer at The Vista School . Milton Hershey was more than a dreamer. 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. Professional Experience: Ms. Arway is the former President, Japan/Asia Pacific/Australia Region, of American Express International, Inc., a global payments, network and travel company, a position she held from October 2005 until her retirement in January 2008. In particular, the Trust Company assumed responsibility for Milton Hersheys land assets, by then more than 10,000 acres of land in and around Hershey as well as his other financial investments. Derry Townships population boomed with the influx of Medical Center personnel and their families. Check out Tommy and Me!. B.A., Anthropology and Sociology, The George School, Lafayette College After graduating from MHS and Bloomsburg University in 1992, he became an entrepreneur and self-taught programmer and started a series of internet companies, including MyCoupons. Read important MHS policies on equal opportunity and diversity, equal employment opportunity, and more. 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. We are collecting COVID-19 stories from the Hershey community. Lenny was livid, "We had a deal. 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. 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 . His leadership roles at Hershey have included Chief Talent Officer and Vice President, HR Business Partner of Global Functions as well as Senior Director, HR Business Partner of Global Supply Chain. www.sec.gov B.A., History, Dartmouth College, Appointed: Director 2017 Masters-level course work in Business and Social Work, The University of Pennsylvania, Temple University, and Harvard University, Appointed: Director 2016 Legal/Regulatory Consultant Hershey Foundation Trust, and the Hershey Cemetery Trust. M.Ed., Educational Leadership and Elementary Education, Florida A&M University 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. Hershey Foundation and the Hershey Cemetery Perpetual Care Trust. 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. 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. Ms. Marsh is also a trustee emerita and past treasurer of Sewickley Academy, where she continues to serve on its endowment committee. 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. Hershey Community Archives is currently open by appointment ONLY. Though at the time Hershey Trust Company did not actively solicit private trust business, it did accept most requests to establish private trust accounts. Her presence in the boardroom also ensures efficient communication between the Board and Company management. 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. For more information, visithersheytrust.com. He was initially recommended for nomination to the Board by the Milton Hershey School Trust in 2003. The building design incorporated Renaissance style elements and was constructed of marble and brick on a granite foundation. 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. Having served at the Company for more than 17 years and as an executive in the consumer-packaged goods industry for more than 30 years, Ms. Buck contributes to the Board in the areas of marketing, consumer products, strategy, supply chain management and mergers and acquisitions. 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. 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. 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. 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. New housing developments, such as Briarcrest and Glen Acres, were established in response. Published Jun 19, 2016. Prior to that, he was managing director/head of asset management companies and simultaneously global head of retail and intermediary sales at PineBridge Investments. Mr. Katzir is a significant contributor to the Boards in each of these areas. Appointed: Director 2017MHS Class of 1991 She served in several other senior management positions during her time at Wm. . Hershey Trust Company quickly became the towns financial center, playing an important role in financing Milton Hersheys construction and development plans. 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. Total Compensation. 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. The Homestead served as both home and classroom to the first students. He currently serves on the corporate board of directors at WisdomTree, Inc. 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: "Assuming this Board position and supporting the school that gave me so much as a student is truly humbling," said Maria Trinh Kraus. It manages the $13.751 billion USD (2015) endowment of the Milton Hershey School and School Trust.[2]. Appointed: Director 2017, Vice Chair 2017-2020 The company provides financial planning and administrative solutions to . Q&A: Robert Cavanaugh, chairman of Hershey Trust Co. and Milton Hershey 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. 1. Grenoble, the Auvergne-Rhne-Alpes, France Lat Long Coordinates Info. The Hershey Trust Company announced their successors on November 1 1 . She is a recipient of the Milton Hershey School Alumni Career Achievement Award. Visit Lyon. A native of Pennsylvania, she has exceptional leadership and management experience in complex organizations operating in highly regulated environments. I'm currently on the Board of Managers of the Milton Hershey School and on the Board of Directors of the Hershey Trust Company. The Hershey trust, and why chocolate philanthropy can leave a sour He has been recognized multiple times as one of Savoy Magazines Top 100 Most Influential Blacks in Corporate America. Education Director, AMIKids-Day Treatment and Residential Programs 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 . While the chocolate factory was still under construction, he began to implement his ideas for a model industrial community. Wrigley Jr. Company, including as Group Vice President and Managing Director, North America. The Hershey Trust Company is a trust that oversees the funding of the Milton Hershey School. Chief Investment Officer and Treasurer, University of Pittsburgh Highlights: Harold has held executive, portfolio management and analyst roles in asset management firms for more than 30 years. 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 Today a 17-member board headed by president and chief executive officer, Robert Vowler, manages the . During the Depression Milton Hershey encouraged the Trust Company to be lenient in handling mortgages that fell behind in payments. 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. President and Chief Executive Officer, Bryn Mawr Rehab, Jefferson Health System Michelle Figlar began her career as an early childhood teacher and is currently the executive director of the Birmingham Foundation in Pittsburgh. In the 1990s, the Medical Center emerged as the townships largest employer, with more than 6000 employees. Senior Associate, PricewaterhouseCoopers LLP 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. 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. "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.". With Milton Hersheys gift, the Trust Company needed to direct more of its efforts toward the management of the School Trusts assets. 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- . "The Board is established to carry out the lasting legacy of our founders. 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. . 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 . Mr. Katzmans professional expertise and personal commitment to the mission brings exceptional value to the Boards. LeRoy S. Zimmerman, the chairman of the Hershey Trust board, said the charity, which manages the company's assets on behalf of the Milton Hershey School, a school in Hershey, Pa., for . Hershey School's board, despite orders to be frugal, runs up big "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. The bank vault was a particularly imposing feature of the building. The Hershey Trust: Managing Conflicts of Interest in Corporate Governance. Her professional and life experiences have demonstrated her ability to lead and influence. Highlights: Mr. Katzman is Senior Vice President, Business Development for General Electric (GE). 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. Appointed: Director 2023 She is a Certified Public Accountant and qualifies as a financial expert, as defined by the U.S. Securities and Exchange Commission. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Hershey Trust Company Chief of Staff to U.S. The Foundation then entered a period of assuming ownership of many of the communitys cultural organizations. Hershey Trust Company - Hershey Community Archives
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