The establishment of the Hershey Medical Center had a dramatic impact on the community as well. Her 30+ years of business and nonprofit experience provides the Boards with extensive strategic and operational management expertise in education, and exceptional leadership capabilities. Milton Hershey School is one of the world's best private schools, where qualifying pre-kindergarten through 12th grade students live on campus and receive an exceptional education with top-tier classes and facilitieswith all costs covered throughthe trust left by founders Milton and Catherine Hershey. Along with being one of 11 members of the board of directors for the Hershey Company, Layla Dylan was also a member of the board of the Hershey Trust Company. When typing in this field, a list of search results will appear and be automatically updated as you type. It serves as the Trustee for the Milton Hershey School Trust, the M.S. Highlights: Ms. Koken is a legal/regulatory consultant and volunteers as a court appointed special advocate for children in foster care. After nearly two years of planning and development, ground was broken on August 20, 1912 for a new bank building at the intersection of Cocoa and Chocolate Avenues. The role of Hershey Trust Company seemed clear following the death of Milton Hershey: to be a good steward of Milton Hersheys fortune and to stay true to his vision for the Milton Hershey School and his passion for the community. Given her background, Dr. Peeples-Fullmore has unique insights into the educational and social issues that face the students of Milton Hershey School. Ms. Schoppert is the former Executive Vice President and Chief Financial Officer of Sleep Number Corporation, a bedding manufacturer, marketer and retailer, a position she held from June 2011 until her retirement in February 2014. 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 She served as Insurance Commissioner in Pennsylvania for ten years in the cabinets of Republican and Democratic governors. Born in Central Pennsylvania, Mr. Katzman brings sophisticated skills in the financial area and has a personal interest in education and childhood development. Read important MHS policies on equal opportunity and diversity, equal employment opportunity, and more. Earlier in his career, Harold was executive director at UBS Global Asset Management. No change in the last quarter. Mr. Crawford contributes to the Board through his broad range of experience in digital transformation, fast moving consumer goods, logistics and supply chain management, as well as his valuable insights in emerging markets, consumer retail and finance. This focus aligns her work with the mission of the Hersheys legacy. By providing top-tier trust and investment management services, Hershey Trust Company helps these trusts, and the organizations they support, achieve their long-term goals in advancing the legacy and vision of Milton and Catherine Hershey in perpetuity. Ms Koken is passionate about the mission of the Milton Hershey School and is focused on fulfilling and furthering the mission and legacy of its founders, Milton and Catherine Hershey. During the Depression Milton Hershey encouraged the Trust Company to be lenient in handling mortgages that fell behind in payments. He brings significant strength in the areas of education and child development. Jason later built Direct Response Technologies, Inc., an affiliate tracking platform which scaled to 12 billion monthly transactions. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Appointed: Director 2017MHS Class of 1991 Appointed: Director 2023 Professional Experience: Enthusiastic about the mission, she serves as a role model for future generations of students. After graduating from MHS and Bloomsburg University in 1992, he became an entrepreneur and selftaught programmer and started a series of internet companies, including MyCoupons. In 1918, three years after Catherine Hershey died, Hershey transferred nearly all of his assets . The new issue of The Legacy is out! Education: She began her career in the airline industry, serving in various financial, strategic and general management leadership positions at American Airlines, Northwest Airlines and America West Airlines. Prior to founding TropicSport, Mr. Palmer held key leadership positions at Kimberly-Clark Corporation, a multinational personal care company, including serving as President, Global Brands and Innovation, from April 2012 to April 2019. His background aligns with accountable philanthropy and the mission of preserving Mr. and Mrs. Hersheys legacy. 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. This page is not available in other languages. Mr. Robbin-Coker began his career with Morgan Stanley, advising on M&A and capital markets transactions across the US, Europe, and Africa. Jason brings the unique perspective of an MHS graduate and vast experience as a successful entrepreneur," Koken added. A two-tier stock plan enabled Hershey Trust Company to maintain majority ownership of Milton Hersheys company while freeing assets to diversify the School Trusts holdings. The building design incorporated Renaissance style elements and was constructed of marble and brick on a granite foundation. It's a non-profit organization set up by the company's founders. During the Great Depression Milton Hershey realized that young men and women just graduating from high school had limited opportunities for employment. She brings board experience on Fortune 100 and public company boards. Hershey said on April 25, 2023 that its board of directors declared a regular quarterly dividend of $1.04 per share ($4.14 annualized). Following the sale of Hershey Bank, Hershey Trust Company needed to physically relocate and establish an identity separate from the bank. Hershey Foundation Trust, and the Hershey Cemetery Trust. Ms. Marsh further brings to the Boards a keen interest in education and human development, including the mission and legacy of Milton and Catherine Hershey. The charts on this page feature a breakdown of the total annual pay for the top executives at HERSHEY CO as reported in their proxy statements. "The Board is established to carry out the lasting legacy of our founders. Please contact us for more information. From its beginning, the Trust Company was instrumental in the growth and development of the town, advertising mortgages that encouraged people to build a home in the new community. And their unique ownership structure virtually assures that they will continue doing business that way for the next 100 years. Program Officer for the Aspiring Leaders Program at Teaching Trust Prior to that, she was executive director of the Pittsburgh Association for the Education of Young Children. Mr. Robbin-Coker is an alumnus of Milton Hershey School, having graduated as valedictorian in 2004, and is a recipient of the 2009 Alumni Achievement Award for Academic Excellence.Professional Experience: He was a founding board member of Robin Hood, the Relay Graduate School of Education, Zearn, Uncommon Schools New York, NPower, Together Education and Pure. And in keeping with the tradition of other local financial institutions, the original board of directors was comprised of respected local business and community leaders. She is a Certified Public Accountant and qualifies as a financial expert, as defined by the U.S. Securities and Exchange Commission. Mr. Crawford has held senior management positions at several companies across the food and beverage, hospitality and healthcare services industries. A published brochure advertised a wide scope of banking services. New housing developments, such as Briarcrest and Glen Acres, were established in response. Though at the time Hershey Trust Company did not actively solicit private trust business, it did accept most requests to establish private trust accounts. "We are united in upholding the Hersheys' vision for the school and, with our collective expertise, will be able to guide and advise the school in creating greater impact on a growing number of children through its programs and offerings.". Mr. Katzmans professional expertise and personal commitment to the mission brings exceptional value to the Boards. During his time at Lincoln Financial Group, he lived in the Philadelphia area and served on the board of directors of the Urban League of Philadelphia. Mr. Brown provides valuable perspectives as a representative of our largest stockholder and the school that is its sole beneficiary. Ms. Bergen has served on numerous community, philanthropic, and health care related boards, and currently serves on several non-profit boards as well as a corporate board and the prestigious American Hospital Association Foster G. McGaw Prize Committee. The townships population grew from 15,500 in 1970 to 21,273 in 2000. In addition to handling the Hershey business payrolls, the Trust Company offered savings accounts, mortgages, and commercial and personal loans. Published Jun 19, 2016. 2011 investigation of the Hershey Trust Company, Entities of the Milton Hershey School Trust, Entities of the Milton S. Hershey Foundation, Created through a gift from the MS Hershey Foundation using funds provided by the, Hershey Entertainment and Resorts Company, Penn State Milton S. Hershey Medical Center, "Board of Directors Hershey Trust Company", "IRS Form 990 Milton Hershey School and School Trust", "Hershey school's purchase of golf course helped investors", "Ousted Hershey Trust president tells court of serious financial irregularities", "Ex-Hershey Trust official Robert Reese gives $100K to AG candidate Kathleen Kane", "Pennsylvania's attorney general: No penalties, but reforms for Hershey Trust", "Hershey Trust Company Reaches Agreement with Attorney General on Reforms to Better Serve the Milton Hershey School Mission", "AG wants to remove 3 leaders of Hershey Trust", "Few details available in Estey bombshell", https://en.wikipedia.org/w/index.php?title=Hershey_Trust_Company&oldid=1117454328, This page was last edited on 21 October 2022, at 20:26. Under the stewardship of Hershey Trust Company, Milton Hersheys Testamentary Trust Fund has grown to $33 million today. Vice President, General Counsel and Corporate Secretary, Provident Mutual Life Insurance Company The agreement comes after published reports that the trustees had spent more than $3.6 million in legal fees investigating whether two of . Tommy and Me is the story of Hall of Famer and Philadelphia Eagles wide receiver Tommy McDonald. Available rental properties offered by Hershey Trust Company, can be found at www.htcrealestate.com. The Homestead served as both home and classroom to the first students. As Chairman of the Boards and one of three representatives of Hershey Trust Company and Milton Hershey School currently serving on the Board, Ms. Koken brings to the Board valuable insights from our largest stockholder and the school that is its sole beneficiary. $3,066,024 View details. Education: She serves on the Boards of the Educational Testing Service, the DC Public Education Fund, Fight for Children, the Virginia Institute of Marine Science (VIMS) Foundation, the Gladstone Companies, and DC Prep Public Charter School. "Michelle brings a lifetime of experience and commitment to early childhood education which will be crucial in the launch of Catherine Hershey Schools for Early Learning. Earlier in his career, he served as the special assistant to the president of the Board of Education of the City of New York, the nations largest school system with 1.1 million students. Mr. Saltzmans expertise is in the areas of education, at-risk child care, and non-profits. M.P.P.M, Yale School of Management Cision Distribution 888-776-0942 In May 2021, our Board of Directors approved an additional $500 million share repurchase authorization. https://hersheyarchives.org/encyclopedia/. He has been recognized multiple times as one of Savoy Magazines Top 100 Most Influential Blacks in Corporate America. For further information, call (717)520-1100 or send an email info@hersheytrust.com. Senior Vice President, National Geographic Society In 2011, Hershey Trust Company sold its private wealth management group to Bryn Mawr Bank Corporation in order to focus its talents and energies on managing the assets of the Milton Hershey School trust fund. MHS Class of 1987 B.A., History, Dartmouth College, Appointed: Director 2017 As Chairman of the Board, President and Chief Executive Officer of the Company, a position she has held since October 2019, Ms. Buck is responsible for all day-to-day global operations and commercial activities of the Company. B.A., Communication, Lynn University, Appointed: Director 2019 The latitude of Grenoble, the Auvergne-Rhne-Alpes, France is 45.171547, and the longitude is 5.722387.Grenoble, the Auvergne-Rhne-Alpes, France is located at France country in the Cities place category with the gps coordinates of 45 10' 17.5692'' N and 5 43' 20.5932'' E. Professional Experience: And in keeping with the tradition of other local financial institutions, the original board of directors was comprised of respected local business and community leaders. Hershey Foundation, and endowed it with 5000 shares of Hershey Chocolate Corporation stock. Management of the Milton Hershey School Trust was so good that income generated often outpaced the Schools needs. Senator Robert P. Casey, Jr. Hershey Trusts mortgage business was more than a financial transaction. The Board of Managers was established by Milton and Catherine Hershey in 1909 as the Milton Hershey School governing body. They are the final arbiter of all major decisions made by the firm (Thomson and Canyon, 2012, p. 142). Special Assistant to the President, Board of Education of the city of New York She is also recipient of the Milton Hershey School Alumni Career Achievement Award. Hershey Foundation, visit their website at www.mshersheyfoundation.org. Prior to that, he was managing director/head of asset management companies and simultaneously global head of retail and intermediary sales at PineBridge Investments. Mr. Nevels practiced law from 1978 through 1984 as counsel in bond transactions with the law firm of Ballard, Spahr, Andrews & Ingersoll in Philadelphia where he specialized in taxable, tax- . Hershey said on April 25, 2023 that its board of directors declared a regular quarterly dividend of $1.04 per share ($4.14 annualized). James W. Brown Michela English Michelle Figlar Dan Katzir James C. Katzman M. Diane Koken, Chairman Maria T. Kraus, Vice Chair Amy K. Marsh Melissa L. Peeples-Fullmore Cordel Robbin-Coker David Saltzman Harold Singleton III Jason Wolfe Harold holds an M.B.A. in finance from the University of Chicago, a Bachelor of Science in chemical engineering from the Illinois Institute of Technology and is a chartered financial analyst. Ms. Arway is the former President, Japan/Asia Pacific/Australia Region, of American Express International, Inc., a global payments, network and travel company, a position she held from October 2005 until her retirement in January 2008. 2023 Hershey Trust Company 100 Mansion Road East PO Box 445, Hershey PA, 17033-0445, 100 Mansion Road East PO Box 445, Hershey PA, 17033-0445. Ryder, the Northern National cashier, suggested that in addition to taking mortgages, a trust company would have the added advantage of doing fiduciary business. Having spent most of his career in the consumer-packaged goods industry, Mr. Palmer contributes to the Board through his insight in several key strategic areas for the Company, including fast-moving consumer-packaged goods, emerging markets, marketing and human resources. Shares must be . In addition to Mr. Katzirs overall leadership experience, his roles throughout his career demonstrate a commitment to the plight of those less fortunate and align with the mission of Hershey Trust Company and Milton Hershey School. I am proud that, as Vice Chair, my education and expertise can be used to advance the school that served as my home.". 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. Pay Rank By Title In MFG Nondurable industry. While the chocolate factory was still under construction, he began to implement his ideas for a model industrial community. Robert F. Cavanaugh, a Board member since October 2003, is also an independent member of the Board of Directors of Hershey Trust Company and the Board of Managers (governing body) of Milton Hershey School. Founded in 1905 by Milton S. Hershey, Hershey Trust Company is a Pennsylvania-chartered trust company regulated by the PA Department of Banking and Securities. The Trust Company excelled in its responsibility and stewardship of those trust funds. 2023 Hershey Trust Company 100 Mansion Road East PO Box 445, Hershey PA, 17033-0445, 100 Mansion Road East PO Box 445, Hershey PA, 17033-0445. Throughout her career, Ms. Haben gained extensive experience managing businesses in the consumer-packaged goods industry and developed a track record of growing brands and developing new products. Managers/Directors Robert F. Cavanaugh, Joseph M. Senser and James E. Nevels must retire from the MHS Board of Managers and the HTC Board of Directors effective no later than Dec. 31, 2016; and . Chief Schools Officer, KIPP Jacksonville Schools from 8 AM - 9 PM ET. As one of three representatives of Hershey Trust Company and Milton Hershey School currently serving on the Board. Legal/Regulatory Consultant 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. The trustees have . New staff was added to invest and manage monies realized from the sale of Hershey Foods stock. Through his will, Milton Hershey directed that the Trust Company serve as trustee for a new trust fund. In particular, the Trust Company assumed responsibility for Milton Hersheys land assets, by then more than 10,000 acres of land in and around Hershey as well as his other financial investments. M.Ed., Educational Leadership and Elementary Education, Florida A&M University B.A., International Affairs, Sweet Briar College. J.D., University of Virginia School of Law As Vice Chair of the Boards, Ms. Kraus is proud to advance the legacy of Milton and Catherine Hershey. Ms. Marsh is additionally a director of the board for two institutional investor funds managed by Global Forest Partners LP and is a past director of the board of the Federal Farm Credit Banks Funding Corporation. 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 and Maria . He had the foresight to recognize that if his chocolate making idea was to work for the benefit of all, he would need a place for his workers to live self-reliant, independent lives. Her presence in the boardroom also ensures efficient communication between the Board and Company management. Check out this great segment on Reese's Peanut Butter Cups, including archival materials from our collections! Before he returned to the school in 2002 as a member of the twin boards that govern the Milton Hershey School and The Hershey Trust Co., the company that manages the school's $8 billion . This fund, created with the remainder of his estate, helped relieve the tax burden of maintaining the Townships public schools. Vice President, Corporate Planning and Business Development, Marriott Corporation B.A.,Villanova University, Appointed: Director 2019MHS Class of 2004 During his time at Lincoln Financial Group, he lived in the Philadelphia area and served on the board of directors of the Urban League of Philadelphia. Derry Townships population boomed with the influx of Medical Center personnel and their families. 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. She is a Certified Public Accountant and is currently the Chief Financial Officer of Accelerated Enrollment Solutions, a business unit of Pharmaceutical Product Development (PPD). The Hershey Trust Company is an American corporation incorporated on April 28, 1905, by Milton S. Hershey, Harry Lebkicher and John E. Snyder. As a child, sports media icon Ray Didinger carried star receiver Tommy McDonald's helmet to and from the practice field. He received his B.S. Public Company and Other Key Directorships. Mr. Dutkowsky is the former Executive Chairman and Chief Executive Officer of Tech Data Corporation, a wholesale distributor of technology products, a position he held from June 2018 until his retirement in June 2020. Ed.M., Leadership, Policy, and Reform, Harvard Graduate School of Education The company is a minority owner of The Hershey Company and sole private owner of Hershey Entertainment and Resorts Company and administrator of the 2,000 student Milton Hershey School. About Milton Hershey School Milton Hershey School is one of the world's best private schools, offering a top-notch education and positive home life to children in pre-kindergarten through 12th grade from families of lower income at no charge. Gipsa-lab is a CNRS research unit joint with Grenoble-INP (Grenoble Institute of Technology), Universit Joseph Fourier and Universit Stendhal. Prior to those roles, Mr. Perez served as UPS Vice President of Technology and as Vice President, Engineering. After the closure of the Junior College, the Foundations role broadened with its support of the Hershey Educational and Cultural Center first established in May 1966. To now serve as Chairman of the Board of Managers of MHS and the Board of Directors of Hershey Trust Company (HTC) has been one of the greatest honors of my life. Hershey Trust Companys financial strength also enabled it to support another financial institution, Northern Trust and Saving Company of Lancaster, and prevent its collapse during the financial strain caused by the Depression. Ms. Arway contributes to the Board through the experience in finance, marketing, international business, government affairs, consumer products and human resources she developed throughout her career. After graduating from MHS and Bloomsburg University in 1992, he became an entrepreneur and self-taught programmer and started a series of internet companies, including MyCoupons. 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, Harold Singleton III, and Jason Wolfe. A.B., Economics, Dartmouth College, Appointed: Director 2016, Chair 2021, 2022 As one of three representatives of Hershey Trust Company and Milton Hershey School currently serving on the Board. One of Hershey Trust Companys most important roles is being a prudent steward of the land acquired by Milton Hershey while honoring his vision for a community featuring open green space. Harold Singleton III has held executive, portfolio management and analyst roles in asset management firms for more than 30 years. The Hershey Trust Company is an American corporation incorporated on April 28, 1905, by Milton S. Hershey, Harry Lebkicher and John E. Snyder. What's not to love? He also serves on the Board of Directors of the Hershey Trust Company. Partner and Head of M&A for the West Region, Goldman Sachs For further information, call (717)520-1100 or send an email info@hersheytrust.com. from 8 AM - 9 PM ET. The new Vice Chair of the Boards is Maria Trinh Kraus, a 1989 graduate of Milton Hershey School. Highlights: Ms. Marsh is the former Chief Investment Officer and Treasurer of the University of Pittsburgh where she was responsible for managing the financial assets and liabilities of the University and its endowment. A state charter was granted on April 27, 1905 and Hershey Trust Company opened for business on June 15, 1905 in offices located in the Cocoa House, the first commercial building built in the new community. In early 1903, while he made plans to break ground for his chocolate factory in a field near the tiny community of Derry Church, Pennsylvania,Milton Hersheythought about the needs of his future workers. Highlights: Michelle began her career as an early childhood teacher and is currently the executive director of the Birmingham Foundation in Pittsburgh. M.B.A., Columbia Business School He named the Hershey Trust Company as administrator of the school trust. Hershey Community Archives was established in 1984 as a cooperative project of the Foundation and the Hershey enterprises. The list of best things to do in Auvergne-Rhne-Alpes includes sightseeing, pretty towns, history, and natural wonders! Highlights: Mr. Katzir recently completed seven years as the Chief Executive Officer of Alliance College-Ready Public Schools, a nonprofit public charter school network that serves 12,500 low-income students and supports 18,000 alumni across 26 public charter schools in Los Angeles, California. Professional Experience: President and Chief Executive Officer, Bryn Mawr Rehab, Jefferson Health System The bank vault was a particularly imposing feature of the building. It assumed operation of the Hershey Theatre in 1970, Hershey Museum in 1981 and the Hershey Gardens in 1989. To broaden its accessibility, special deposit stations were established on Hershey trolleys. Having served at the Company for more than 17 years and as an executive in the consumer-packaged goods industry for more than 30 years, Ms. Buck contributes to the Board in the areas of marketing, consumer products, strategy, supply chain management and mergers and acquisitions.
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