(Reuters) -Chocolate maker Hershey on Friday announced the departure of CEO Michele Buck, who has been at the helm for roughly seven years, effective June 30, 2026. Buck, a consumer packaged goods veteran with nearly two decades at the company,

Michele Buck, a 20-year veteran of Hershey who assumed leadership in 2017, said she would step down from her roles as president and chief executive on June 30, 2026.

Hershey Co. is poised to announce a leadership transition plan, with Chief Executive Officer Michele Buck stepping down next year, Semafor reported, citing people familiar with the matter.

Even with a Mondelez takeover apparently not happening, cocoa prices and GLP-1 drugs are making this a tough time to be a chocolate company.

(Reuters) -Chocolate maker Hershey plans to announce the departure of CEO Michele Buck, Semafor reported on Friday, citing people familiar with the matter Buck, who has led the company since 2017, will continue in her role and remain on the board while the company searches for her replacement,