Dive Brief:
- The Hershey Co.'s next senior vice president and CFO will be Patricia A. Little, the company announced. Little will take over the position March 16.
- Just-Food notes the company "had previously announced the retirement of current CFO David Tacka."
- "Patricia is a talented CFO with outstanding experience in leading both corporate and financial strategy domestically and internationally," said president and CEO John P. Bilbrey in a news release. "She has extensive knowledge of emerging markets and her track record demonstrates an ability to help create value and growth."
Dive Insight:
This news follows some recent headlines from Hershey regarding plans to promote natural ingredients and more basic recipes. It also recently slashed its sales and profit outlook for the year and announced it would be acquiring Krave.