New housing developments, such as Briarcrest and Glen Acres, were established in response. 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 . Prior to that, he was managing director/head of asset management companies and simultaneously global head of retail and intermediary sales at PineBridge Investments. Rising costs, an inadequate facility and the establishment of the Harrisburg Area Community College led to the closing of the Hershey Junior College in 1965. 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. Prior to those roles, Mr. Perez served as UPS Vice President of Technology and as Vice President, Engineering. Both companies shared real concerns about losing control of Hershey Foods Corporation through a corporate raid or hostile takeover. Highlights: Michelle began her career as an early childhood teacher and is currently the executive director of the Birmingham Foundation in Pittsburgh. Mr. Katzmans professional expertise and personal commitment to the mission brings exceptional value to the Boards. Joshua Shannon is a Vice President, Investment Officer, Public Market Equities at Hershey Trust based in Hershey, Pennsylvania. Therefore, to free the Trust Company for its duties as Trustee of the School Trust, the Hershey National Bank, a nationally chartered institution, was established in 1925 to handle the towns commercial banking needs. 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. She is also recipient of the Milton Hershey School Alumni Career Achievement Award. B.A., History, Dartmouth College, Appointed: Director 2017 Following the sale of Hershey Bank, Hershey Trust Company needed to physically relocate and establish an identity separate from the bank. Among the allegations regarding the misuse of funds include the Trust's purchase of an . Ms. Marsh is also a trustee emerita and past treasurer of Sewickley Academy, where she continues to serve on its endowment committee. Chairman of the Board, Hershey Trust Company and Milton Hershey School Yes Audit Compensation Robert M. Malcolm 68 10 Former President, Global Marketing, Sales & Innovation, Diageo PLC Yes Though the chocolate factory began operations during the summer of 1905, little else was operating in town. Professional Experience: Ms. Koken had accountability for and expanded the Childrens Health Insurance Program. President & CEO, Fight for Children Jason Wolfe enrolled at Milton Hershey School at the age of 11. Harold Singleton III has held executive, portfolio management and analyst roles in asset management firms for more than 30 years. Highlights: Mr. Brown brings vast experience in both the public and private sectors to the Boards of Hershey Trust Company and Milton Hershey School. Large windows, massive interior pillars, bronze grill work, mahogany desks and trim, and marble flooring decorated the bank space. Ryder, the Northern National cashier, suggested that in addition to taking mortgages, a trust company would have the added advantage of doing fiduciary business. B.A.,Villanova University, Appointed: Director 2019MHS Class of 2004 Manager and Group Head Corporate Banking, Mellon Bank Hershey Community Archives is currently open by appointment ONLY. Cision Distribution 888-776-0942 Professional Experience: Directors: Jane Cooper Sheila E. Dow-Ford Richard A. Harvey Eric Henry Jeffrey W. Jones . 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. 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. In addition to handling the Hershey business payrolls, the Trust Company offered savings accounts, mortgages, and commercial and personal loans. I am grateful each day that I have the privilege to give back to the school that gave me everything. He is also the Senior Vice President of Business Development for General Electric Company, a global company focused on aviation, healthcare and energy, a position he has held since October 2021. For further information, call (717)520-1100 or send an email info@hersheytrust.com. 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. 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 To broaden its accessibility, special deposit stations were established on Hershey trolleys. Specifically, roughly 48% of the outstanding shares of Hormel Foods are owned by the Hormel Foundation. He previously served as Vice President and Chief Operating Officer and held other leadership positions in the Entertainment division . As a result of the February 2023 Stock Purchase Agreement with Hershey Trust Company , as trustee for the School Trust , the July 2018 share repurchase authorization was completed and as of April 2, 2023 , approximately $370 million remained . Pennsylvania Secretary of General Services Management of the Milton Hershey School Trust was so good that income generated often outpaced the Schools needs. Partner and Head of M&A for the West Region, Goldman Sachs He received his B.S. 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. He has been recognized multiple times as one of Savoy Magazines Top 100 Most Influential Blacks in Corporate America. The foundation's chartered purpose was to provide educational and cultural opportunities to the citizens of Derry Township. Mr. Crawford also held senior management positions at PepsiCo, Inc., a multinational food, snack and beverage company. 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. "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. The directors of the Hershey School oversee an educational facility in central Pennsylvania for impoverished children, but you might not know it from their expense reports. Prior to that, he was managing director/head of asset management companies and simultaneously global head of retail and intermediary sales at PineBridge Investments. As banking laws evolved in the 1970s and 1980s the tradition of small independent banks gave way to expansions and mergers. 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 Hershey Trust Company board of directors had decided to reject all bids and informed Lenny that the company was no longer up for sale. 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. 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. Today the so-called Milton Hershey School Trust has an eye-popping $12bn in assets. When typing in this field, a list of search results will appear and be automatically updated as you type. Chief Financial Officer, Wedgewood Pharmacy That same year the board voted to appropriate $20,000 to build a new building to house the Trust Company offices. in 1951). . Highlights: Ms. Koken is a legal/regulatory consultant and volunteers as a court appointed special advocate for children in foster care. Hershey Foundation, visit their website at www.mshersheyfoundation.org. Dec 11, 2020. www.tiogapublishing.com . 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. Vice President, General Counsel and Corporate Secretary, Provident Mutual Life Insurance Company 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. Today, Hershey Trust Company stands alone as being the same company doing business in the same town for one hundred years. B.A., Communication, Lynn University, Appointed: Director 2019 Ms. Koken is Chairman of the Board of Hershey Trust Company and Milton Hershey School, positions she has held since December 2020. Prior to joining Salesforce, he spent 32 years at United Parcel Service, Inc. (UPS), a multinational package delivery and supply chain management company, where he held a succession of leadership positions, including serving as Chief Information Officer and Engineering Officer from April 2017 to March 2022. Education: Chief Executive Officer, Alliance College-Ready Public Schools It serves as the Trustee for the Milton Hershey School Trust, the M.S. 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. As part of the Foundation, these cultural institutions gained non-profit status, enabling them to accept donations and apply for grants. 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.

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