Hershey's Company Financial Plan

Powerful Essays
Company Background
1.1 Company History
Milton S Hershey, an American confectioner and philanthropist, created The Hershey Company in 1894, which was located Lancaster, Pennsylvania. Currently, the Hershey Company distributes its’ products in more than ninety international countries and is the largest producer of chocolate and sugar confectionary items, including Jolly Rancher and Ice Breakers.
1.2 Management
Organizational Chart Job Descriptions
• Chief Executive Officer: Currently, John P. Bribley is the Chief Executive Officer of The Hershey Company. Bribley is expected to oversee all senior management positions, as well as frequently report to the Board of Directors.
• Global Management Team: Contains eight members, including the Chief Administrative Officer and senior vice presidents of Hersheys’ subsidiaries.
• Board of Directors:
• Audit Committee: Their duty is to assist the board of directors with the integrity of Hershey’s financial statements, the firm’s compliance with legal requirements, and to prepare the annual proxy statement required by the Securities and Exchange Commission.
• Compensation and Executive Organization Committee: This group must oversee the establishment and maintenance of Hershey’s incentive and compensation programs, and develop and implement a plan for the company’s management positions.
• Governance Committee: They select members of the board and provide the directors with a set of corporate governance guidelines.
• Finance and Risk Management Committee: This committee must manage the responsibilities of the company’s assets, liabilities, and risks.
• Executive Committee: Chairmen of the previously stated committees create this group. They are responsible for integrating corporate information to enhance communication within the various departments.
Note: Page one in the index displays a visual management structure chart for the Hershey Company.
1.3 Primary Lines of Business
Note: Page one in the index displays

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Hershey's Company Profile

    • 787 Words
    • 4 Pages

    built an international company, a town to go with it, and a chocolate and confectionery sensation The Hershey Company (NYSE: HSY) is the largest producer of quality chocolate in North America and a global leader in chocolate and sugar confectionery. Headquartered in Hershey, Pa., The Hershey Company has operations throughout the world and more than 12,000 employees. With revenues of more than $5 billion, Hershey offers such iconic brands as HERSHEY'S, REESE'S, HERSHEY'S KISSES, KIT KAT, TWIZZLERS…

    • 787 Words
    • 4 Pages
    Satisfactory Essays
  • Good Essays

    Hershey's Kisses

    • 536 Words
    • 3 Pages

    Brand of Food: Hershey’s Kisses Manufacturing company: The Hershey Company Mission: • Undisputed Marketplace Leadership • Top-tier value creation, driven by superior performance across the business system • Organizational capabilities and passion that compete in the present and build for the future • Commitment to enabling and encouraging balanced, healthy lives • Portfolio of brands that - Delights consumer across multiple segments - Delivers superior…

    • 536 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Financial Plan

    • 4442 Words
    • 18 Pages

    Evan Olsthoorn’s Financial Plan Evan Olsthoorn Investment Management Instructor: Chuck Grace November 29, 2012 250406706 Overview This personalized investment plan provides an outline of my investment goals and objectives, including the strategies I will employ to meet my financial needs for retirement . Personal Goals Short Term Goals (22-30 Years of Age) * Lease a vehicle * Rent an apartment in Cambridge, Ontario, Canada * Work at Guillevin International as a Management…

    • 4442 Words
    • 18 Pages
    Powerful Essays
  • Powerful Essays

    Financial Plan

    • 5384 Words
    • 50 Pages

    will be accepted without it. Name of Candidate __________CHU HO HIM__________________ Student Number __________12423393______________________ Title of Module _____ACC 3013 Investment Management________ Title of Coursework ______Financial Plan for Philip Lewis__________ Marking Tutor __________Dr.Lien Luu________________________ Hand in Date _________30th January 2013____________________ Extension Granted to_________________________________________ Checklist before submission…

    • 5384 Words
    • 50 Pages
    Powerful Essays
  • Powerful Essays

    Hershey's Strategic Paper

    • 6757 Words
    • 28 Pages

    The Hershey Company TABLE OF CONTENTS Page Disclaimer 1 Table of Contents 2 Industry Summary 3 Company Summary 7 Mission Statement Analysis/Revised Mission 13 External Analysis Summary 18 Internal Analysis Summary 21 Financial Analysis Summary 24 Alternative Strategies 29 Strategy Recommendation 36 INDUSTRY SUMMARY History…

    • 6757 Words
    • 28 Pages
    Powerful Essays
  • Good Essays

    Case Analysis - Hershey's

    • 733 Words
    • 3 Pages

    Hershey’s is one of the companies which had a sweet spot in the time of financial recession while others plunged into a decline in sales and profit. Hershey’s managed to feed the hunger of the consumers for a less expensive type of chocolate. As the Americans spending’ changed from carefree to being frugal, the recession provided a vacuum for the Hershey’s company to innovate and make the staple food of the American for sweets available to the prudent consumers. Hershey’s resurgence in the market…

    • 733 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Financial Plan

    • 775 Words
    • 4 Pages

    Pty Ltd estimates in the first year, the company would have a sale of $694,925 and a net profit of $8,115. As the business is newly established with no reputation in the market, not every clothing chain will be willing to spend a large amount of money on Reflections. Therefore, in the worst-case scenario, the business projected that only 5 clothing chains will purchase our product as a trial in Queensland stores. The price set previously in the marketing plan (3.2.3) states that $385 will be a reasonable…

    • 775 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Financial Plan

    • 645 Words
    • 3 Pages

    started with 2 air craft- now got a large number of aircraft. Air pacific – co branding ( Fiji Airways)- got series of companies and is growing rapidly and is a big market. World’s largest low cost carrier – Major domestic airline that provides short haul, high frequency, point to point, low fare service. Provide highest quality of customer services, give profit sharing plans to employees. Fuel hedging – operated only one model of aircraft. OUR NEW A330 – Fiji Airways- 2013, Air Pacific officially…

    • 645 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Hershey's Sweet Mission

    • 1183 Words
    • 5 Pages

    Redesign of Hershey’s Performance Management System Hershey Company employs diverse groups of employees to include baby boomers and millennial workers. Hershey has redesigned their performance management system to appeal to both generations focusing on knowledge workers, employee empowerment and teamwork. Hershey Company benefits from both its baby boomers and millennial workers because they represent its knowledge workers. According to Noe, Hollenbeck, Gerhart, & Wright (2011), “ Knowledge…

    • 1183 Words
    • 5 Pages
    Good Essays
  • Good Essays

    where products are produced. Hershey's has expanded to both Canada and Mexico, which calls for many corporate decisions. There are an amazing amount of products associated with Hershey. These include Jolly Ranchers, Hershey Kisses, Hershey drink mixes, the entire line of Reese's products as well as good old fashion chocolate bars. These products serve in the candy/snack foods division of sales. Society could do without them... but why would we want to? Hershey's takes advantage of many different…

    • 599 Words
    • 3 Pages
    Good Essays