Hershey’s U.S. president Andrew Archambault is leaving the Reese’s and SkinnyPop maker on May 1 to pursue another opportunity, the company said.
Archambault joined Hershey in February 2025 from Keurig Dr Pepper as head of its confectionery business. He was promoted last month to oversee the company’s full U.S. portfolio as part of a broader reshuffling at the storied company and presented at Hershey’s investor day a few weeks ago.
The company has started searching for Archambault’s replacement, according to an SEC filing. A group of top executives, including CEO Kirk Tanner; Tiffany Menyhart, chief customer officer; and Nate Champagne, chief commercial officer, “will work closely with the broader leadership team to ensure continuity across the U.S business,” a spokesperson told Food Dive in a statement.
Archambault arrived at Hershey a few months after then-CEO Michele Buck announced she planned to retire, positioning him as a potential replacement. The company opted to hire Tanner, a former executive at Wendy’s and PepsiCo, for the top spot, which he took over in August.
Hershey, with more than $11 billion in annual sales, has been building its salty snacks business through the acquisitions of brands such as Dot’s pretzels and, more recently LesserEvil, which has a lineup of better-for-you popcorn, cheese puffs and other offerings.
At its investor day on March 31, Hershey touted growth in salty and resiliency in core sweet brands, such as Hershey’s and Reese’s, for enabling success that has eluded many of its competitors. The company also highlighted plans for further innovation and a deeper push into premium and functional items.
“We're in a unique position,” Tanner said. “We have a portfolio that is demonstrating that it can grow in this environment. It's in the right consumer places.”
However, the company is still grappling with industry-wide pressures, including a pullback in consumer spending, higher commodity costs and growing adoption of GLP-1 medications for weight loss. Hershey is predicting an increase in organic net sales during 2026 by 2.5% to 3.5% during its current fiscal year due to price increases and innovation.
