Hershey’s CEO CEO means that Fortune 500 loses a female CEO



– sweet and sour. The Fortune 500 will soon be a CEO from female CEOs to Hershey announced Yesterday, the long-time boss Michele Buck will be handed over to the reins of the chocolate maker of $ 11.2 billion on August 18.

Buck had already announced Your plans to retireBut by almost a year of timeline. Her successor is Kirk Tanner, a Pepsico-Alaun CEO from Wendy’s, who led the collaboration of the fast food chain with brands from Spongebob to Takis.

When the 2025 Fortune 500 was released a month ago, 55 companies on the list were led by female CEOs. Buck was one of the longer tenants under this group; She had run Hershey since 2017. She was well covered The average term a female Fortune 500 bosses who has been hovers for about four years for a decade. (It is seven for men – which Buck also beat.)

But Buck said according to the Wall Street Journalthat she remained in the CEO job for longer than plannedafter she was asked by her board. In her past few months, she has dealt with a difficult environment for the candy makers, from high cocoa prices to slowed consumer expenses to make the criticism of “America healthy again” Artificial dyes and processed foods.

In the Fortune 500, women still operate more than 10% of companies, if not the 11% that the status met in June. The 71-year-old ranking of America’s largest companies first crossed the 10% brand for female CEOs in 2023. A retirement of a CEO is hardly a problem for the big CEOs of female CEOs, but if they deal with numbers so small, every attitude or every matters. Hershey carried out a search for Buck’s replacement and went with an external candidate. Men seem to have an advantage here -between 2024 and 2025, no female managers were hired in Fortune 500 CEO jobs that were only promoted to them from the inside.

Emma Hinschliffe
Emma.Hinkniff@Fortune.com

The most powerful newsletter Daily Daily is Assets’s daily briefing for and about the women who lead in the business world. Today’s edition was curated by Sara Braun. Subscribe to Here.

Also in the headlines

– ICC fees. The International Criminal Court (ICC) in the Haag gave arrest for both the Supreme Guide of Taliban and the head of the Supreme Court of Afghanistan because of the persecution of women and girls since returning to power in 2021. Associated Press

– La Ice Raids. The mayor of Los Angeles, Karen Bass, beat the recent immigration enforcement of the Trump government, which took place on Monday in the city in Macarthur Park in the Westlake district. ICE officers on horseback moved from one end of the park to the other. “For me, this is another example of the administration that enforces chaos by using a military operation in an American city,” said Bass. CBS News

-No more ndas. The heads of government in Great Britain are intended to give the legal provisions for employee creation a provision that prohibit the use of non -open laid results by employers in order to silence victims of harassment at work. The legislation would invalidate existing NDAs, which companies used for this purpose, and enable the witnesses to comment without legal retaliation. Bloomberg

– Another pivot point. Weight guards appeared from the bankruptcy and announced a new program to support women who go through menopause. The program is scheduled to start later this year and make women’s resources available in perimenopause, menopause and postmenopause. Marketwatch

Makers and Schüttler

Conga, a sales process platform, appointed Celia Fleischaker as a new chief marketing officer. It recently served as CMO at Isolved.

The meadows, a Non-viral gene-based immunotherapy company at clinical level, funded Jill Buck To Chief Development Officer. Most recently, she was a senior vice president for clinical development operations in the company.

Uniii, a last-mile delivery company, announced the appointment of Sheila Berry As a new chief Revenue Officer. Most recently, she led logistics product partnerships worldwide at Shopify.

The university of St. Thomas appointed Dr. Sinda K. Vanderpool as a tenth president of the institution. She was last the PResidents and Vice Chancellor of St. Mary’s University.

Weidner Apartment Homes, a real estate and investment and real estate management company, appointed Lonna Torchia to the company’s executive Leadership team. She is currently an executive Vice President.

On my radar

They call them an influencer. It calls it campaign strategy The 19th

Melinda French Gates reveals that she refuses to finance the new startup of her gene Z subsidiary. Assets

Meet the women of Wall Street Bloomberg

Farewell words

“I was in every size in Hollywood. I was a sample size, I changed my body due to life, illness, age, age, and it is merciless wherever you are.”

Lena Dunham, their Netflix Show Too much Premiere, premiere, About beauty standards in the entertainment industry

This is the web version of MPW Daily, a daily newsletter for and about the most powerful women in the world. Register So that it can be delivered to your inbox for free.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *