Given her background, Dr. Peeples-Fullmore has unique insights into the educational and social issues that face the students of Milton Hershey School. 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. 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. 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. The new Vice Chair of the Boards is Maria Trinh Kraus, a 1989 graduate of Milton Hershey School. Prior to that, he was managing director/head of asset management companies and simultaneously global head of retail and intermediary sales at PineBridge Investments. M.B.A., Columbia Business School Ms. Haben is the former President, North America, of Wm. 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 . Previously, the company paid $1.04 per share. A.B., Mathematics and Business Administration, Wittenberg University, Appointed: Director 2014 They are the final arbiter of all major decisions made by the firm (Thomson and Canyon, 2012, p. 142). B.A., International Affairs, Sweet Briar College. For more than 15 years, Ms. Koken has also served as a legal/regulatory consultant. Earlier in his career, Harold was executive director at UBS Global Asset Management. When Milton Hershey died in 1945, his will directed that the remainder of his estate (about $731,000) be placed into another trust . The Hershey Trust Company is a trust that oversees the funding of the Milton Hershey School. M.P.A., Columbia University Edwards & Co., Inc. Having spent most of his career in the technology industry, Mr. Dutkowsky brings to the Board broad operational experience and a deep understanding of the technology industry and how technology and digital capabilities drive growth and resiliency. Commissioner, Pennsylvania Department of Insurance As banking laws evolved in the 1970s and 1980s the tradition of small independent banks gave way to expansions and mergers. HERSHEY, Pa., Jan. 9, 2023 /PRNewswire/ -- 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. 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. 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. The Trust Company continued to maintain offices in the Bank/Trust building at the corner of Chocolate and Cocoa Avenues. The alleged compensation abuses relate to the purported payment of excessive compensation to the Directors of the Hershey Trust Company, a wholly-owned for profit subsidiary of the Trust, reported to total $1,118,146 for the part time work of ten directors. 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). Though the chocolate factory began operations during the summer of 1905, little else was operating in town. The original endowment was 486 acres of farmland including The Homestead, Milton Hersheys birthplace. 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. It seeks to balance the need to preserve open land while accommodating a real need to provide for the growth and development necessary to remain a healthy community. 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. HERSHEY, Pa., Jan. 9, 2023 /PRNewswire/ -- The Hershey Trust Company (HTC) Board of Directors and the Milton Hershey School (MHS) Board of Managers announced today the recent. 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. The Junior College maintained high academic standards and helped hundreds of Hershey residents receive a college education. When typing in this field, a list of search results will appear and be automatically updated as you type. 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. When Catherine and Milton Hershey created the Deed of Trust establishing the Hershey Industrial School (now Milton Hershey School), Hershey Trust Company was appointed trustee for the School. Located in The Hershey Story 63 West Chocolate Avenue Hershey, Pennsylvania 17033. 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. Today a 17-member board headed by president and chief executive officer, Robert Vowler, manages the . For information about The M.S. Mr. Katzman is a director of Hershey Trust Company and a member of the Board of Managers of Milton Hershey School, a position he has held since April 2017. "Assuming this Board position and supporting the school that gave me so much as a student is truly humbling," said Maria Trinh Kraus. She holds leadership positions on several boards and earned a bachelors degree in child development from the University of Pittsburgh and a masters degree in early childhood education from Kent State University. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. The Managers are responsible for the long-term sustainability of Milton Hershey School and making decisions about Trust assets. As a child, sports media icon Ray Didinger carried star receiver Tommy McDonald's helmet to and from the practice field. Hershey Trust holds 58,112K shares representing 28.44% ownership of the company. She has served as Insurance Commissioner in Pennsylvania for 10 years in the cabinets of Republican and Democratic governors and was responsible for expanding the Children's Health Insurance Program (CHIP). [3] In 1909, when Hershey founded the Milton Hershey School, Hershey appointed the Trust as administrator of the school trust. They would need comfortable homes, health and recreational facilities, and schools for their children. President and Chief Executive Officer, Bryn Mawr Rehab, Jefferson Health System 1991, as well as the Chairman of The Hershey Company Board of Directors. Urban was responsible for all of Hersheys major buildings designed before 1926, including the original factory and offices, the original Hershey Inn, the first Hershey Department Store building, the Community Building and High Point. The Hershey Trust . During the Depression Milton Hershey encouraged the Trust Company to be lenient in handling mortgages that fell behind in payments. Ms. Koken was an Attorney in the Legal Department of a Philadelphia based insurance company progressing through various management positions during her 22-year career to serve as Vice President, General Counsel, and Corporate Secretary. A.B., Economics, Dartmouth College, Appointed: Director 2016, Chair 2021, 2022 Jason was chairman of the Pittsburgh Technology Council and serves on the board of Family Design Resources, which provides adoption/foster services for needy children. It was Samuel Hinkle, President of the Hershey Chocolate Corporation and a director of the Trust Company Board, who first proposed using the money for the construction, operation and endowment of a medical center. On August 23, 1963, the Trust Company Board used The M.S. Hershey Foundation and the Hershey Cemetery Perpetual Care Maintenance Trust and focuses its business solely on these trusts, to advance the legacy of Milton and Catherine Hershey in perpetuity through excellence in asset management and trust administration. Ms. Koken was appointed to the Hershey Trust Company Board of Directors and the Milton Hershey School Board of Managers in 2016 and has expertise in legal, regulatory matters, insurance, governance, and risk management. 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. . Scalia joined the company in 2005 in the legal department with an expertise in labor relations and transitioned to Human Resources in 2011. 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. As one of three representatives of Hershey Trust Company and Milton Hershey School currently serving on the Board. This was particularly important with a new and rapidly expanding community. Available rental properties offered by Hershey Trust Company, can be found at www.htcrealestate.com. Education: Jason later built Direct Response Technologies, Inc., an affiliate tracking platform which scaled to 12 billion monthly transactions. She has also served as director of Hershey Trust Company and a member of the Board of Managers of Milton Hershey School since December 2015. Prior to joining Salesforce, he spent 32 years at United Parcel Service, Inc. (UPS), a multinational package delivery and supply chain management company, where he held a succession of leadership positions, including serving as Chief Information Officer and Engineering Officer from April 2017 to March 2022. LeRoy S. Zimmerman, the chairman of the Hershey Trust board, said the charity, which manages the company's assets on behalf of the Milton Hershey School, a school in Hershey, Pa., for . Gipsa-lab is a CNRS research unit joint with Grenoble-INP (Grenoble Institute of Technology), Universit Joseph Fourier and Universit Stendhal. Mr. Robbin-Coker began his career with Morgan Stanley, advising on M&A and capital markets transactions across the US, Europe, and Africa. 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. The establishment of the Hershey Medical Center had a dramatic impact on the community as well. The agreement comes after published reports that the trustees had spent more than $3.6 million in legal fees investigating whether two of . Following the sale of Hershey Bank, Hershey Trust Company needed to physically relocate and establish an identity separate from the bank. Vice President Finance and Corporate Controller, Bioclinica, Inc. B.A., Communication, Lynn University, Appointed: Director 2019 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. Ms. Marsh is also a trustee emerita and past treasurer of Sewickley Academy, where she continues to serve on its endowment committee. About the same time, Hershey Trust Company began to focus on developing more traditional trust business. 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. Most notably, he created GiftCards.com, which is the largest gift card website in the world generating more than $1 billion per year in sales. Both companies shared real concerns about losing control of Hershey Foods Corporation through a corporate raid or hostile takeover. Issue: June 2016. She served as Insurance Commissioner in Pennsylvania for ten years in the cabinets of Republican and Democratic governors. When typing in this field, a list of search results will appear and be automatically updated as you type. 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. 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. Appointed: Director 2017MHS Class of 1991 The experiences and skills he developed as a senior executive at multiple technology and software businesses also allow Mr. Dutkowsky to provide the Board with insights related to finance, management, operations, risk management and governance. Professional Experience: 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. His experience in education leadership best practice allows him to bring important insights to the Boards. In his reply, E.J. The Hershey Trust Company, then owned by Mr. Hershey, was and still is the trustee of the School Trust and, as directed in the trust deed, the members of the Board of Directors of the Hershey Trust Company also serve as the Board of Managers of the School. https://hersheyarchives.org/encyclopedia/. August 23, 2017 07:06 PM Eastern Daylight Time. He also serves on the Board of Directors of the Hershey Trust Company. In addition to handling the Hershey business payrolls, the Trust Company offered savings accounts, mortgages, and commercial and personal loans. For further information, call (717)520-1100 or send an email info@hersheytrust.com. J.D., University of Virginia School of Law Breaking ground on February 26, 1966, the Medical Center was completed in 1970 and a formal dedication for The Milton S. Hershey Medical Center was held June 5, 1971. Education: For more information, visit mhskids.org. Hershey Trust Companys decision to actively seek private trust business grew out of changes resulting from the 1984 restructuring of Hershey Foods (now The HersheyCompany)stock. 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. 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 . The Pennsylvania Attorney General's office on Friday unveiled the terms of a reform agreement with the charitable trust that controls Hershey Co <HSY.N> that includes a 10-year term limit for . Hershey Trust Company, as the trustee, served as the financial steward for Milton Hersheys vision for the communitys youth. J.D., Villanova University School of Law He is also the Senior Vice President of Business Development for General Electric Company, a global company focused on aviation, healthcare and energy, a position he has held since October 2021. Mr. Katzmans professional expertise and personal commitment to the mission brings exceptional value to the Boards. No change in the last quarter. The Association is composed mostly of School graduates, though it includes honorary and . Ms. Koken is a legal/regulatory consultant and volunteers as a court appointed special advocate for children. She is a Certified Public Accountant and qualifies as a financial expert, as defined by the U.S. Securities and Exchange Commission. While no one lost their job due to cutbacks in Hershey, work hours were often reduced and Hershey employees often saw a resulting reduction in their paycheck. Tommy and Me is the story of Hall of Famer and Philadelphia Eagles wide receiver Tommy McDonald. B.A., Brown University. Wrigley Jr. Company, including as Group Vice President and Managing Director, North America. As part of the Foundation, these cultural institutions gained non-profit status, enabling them to accept donations and apply for grants. #24 View more. He has served as an adjunct professor at Villanova University, a trustee of the Gesu School (an inner-city Catholic grade school), a founding trustee of the Young Scholars Charter School (a school with an economically disadvantaged student body), and a trustee for Immaculata University. As the Trust Company assumed these new responsibilities, it became apparent that the town needed a new financial institution to provide the more traditional banking services for the community. Legal/Regulatory Consultant in Chemical . She previously served as the vice president of learning at The Heinz Endowments and the deputy secretary of the Pennsylvania Office of Child Development and Early Learning where she helped set policy and practice for publicly funded early childhood education throughout the state. The townships population grew from 15,500 in 1970 to 21,273 in 2000. Total Compensation. Education: The trustees have . Professional Experience: Wrigley Jr. Company, a leading confectionery company, a position she held from October 2008 until her retirement in February 2011. Founded in 1905, the firm is a state-chartered trust company that serves as the trustee for the Milton Hershey School Trust, the M.S. His final will was a reflection of his concern and commitment to his community. He currently serves on the corporate board of directors at WisdomTree, Inc. 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. In 1986, Hershey Trust Company sold its ownership of the Hershey Bank to PNC Corporation. Board of Directors - Hershey Trust - Founded in 1905 by Milton S. Hershey Board of Directors Jan L. Bergen Appointed: Director 2017, Vice Chair 2017-2020 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. John was appointed a Director of the company in June 2017, and elected Chairman of the Board in September 2019. It manages the $13.751 billion USD (2015) endowment of the Milton Hershey School and School Trust.[2]. Prior to that, she was executive director of the Pittsburgh Association for the Education of Young Children. 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. Los Angeles Regional Director, Sylvan Learning Systems 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. Prior to that, he was managing director/head of asset management companies and simultaneously global head of retail and intermediary sales at PineBridge Investments. Joshua Shannon is a Vice President, Investment Officer, Public Market Equities at Hershey Trust based in Hershey, Pennsylvania. Mr. Malcolm is the former President, Global Marketing, Sales & Innovation, of Diageo PLC, a leading premium drinks company, a position he held from June 2002 until his retirement in December 2008. 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. Chief Investment Officer and Treasurer, University of Pittsburgh That all changed in 1918. Prior to founding Carry1st, he served as Vice President at The Carlyle Group, where he invested in a range of private businesses and supported senior executives to implement key strategic initiatives. Education: As one of three representatives of Hershey Trust Company and Milton Hershey School currently serving on the Board. 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. He has significant experience in finance, private equity and venture capital, having previously served as a partner in SCP Private Equity Partners, a diversified, multi-stage venture capital firm. Get a behind-the-scenes look at how Reeses are made, Hershey Community Archives, along with Hershey Gardens, The Hershey Story, and Hershey Theatre, is an operating division of The M.S. from 8 AM - 9 PM ET. Professional Experience: It's a non-profit organization set up by the company's founders. He has been recognized multiple times as one of Savoy Magazines Top 100 Most Influential Blacks in Corporate America. As a result of the February 2023 Stock Purchase Agreement with Hershey Trust Company , as trustee for the School Trust , the July 2018 share repurchase authorization was completed and as of April 2, 2023 , approximately $370 million remained . Born in Central Pennsylvania, Mr. Katzman brings sophisticated skills in the financial area and has a personal interest in education and childhood development. That same year Milton Hershey established Hershey Trust Company to serve as the communitys bank in accommodating its financial needs. Mr. Saltzmans expertise is in the areas of education, at-risk child care, and non-profits. By his Will, Mr. Hershey gave the stock of the Hershey Trust Company to the School Trust. President & Chief Executive Officer, Penn Medicine Lancaster General Health Highlights: Mr. Robbin-Coker is Co-Founder and Chief Executive Officer of Carry1st, the leading venture-backed publisher of social games and interactive content in Africa. Do you like the Eagles? in 1951). 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. Appointed: Director 2023 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. New staff was added to invest and manage monies realized from the sale of Hershey Foods stock. 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 Education: Hershey Foundation Trust, and the Hershey Cemetery Trust. For information about the Milton Hershey School, visit their website at www.mhskids.org. Consistent with the financial institutions of the time, the Trust Company building was designed to impress the public. President & Chief Executive Officer, Pennsylvania Association of Rehabilitation Facilities Harold Singleton III has held executive, portfolio management and analyst roles in asset management firms for more than 30 years. A large portion of the trust's funding was represented by its stake in the Hershey Company. Hershey Community Archives is currently open by appointment ONLY. Directors: Jane Cooper Sheila E. Dow-Ford Richard A. Harvey Eric Henry Jeffrey W. Jones . Mr. Robbin-Coker brings to the Boards his expertise in corporate governance, institutional investing, and financial control; coupled with an unwavering commitment to the mission of Milton and Catherine Hershey. HERSHEY, Pa., Jan. 9, 2023 /PRNewswire/ -- The Hershey Trust Company (HTC) Board of Directors and the Milton Hershey School (MHS) Board of Manager. In 1918, three years after Catherine Hershey died, Hershey transferred nearly all of his assets . Education: 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. The Hershey Trust: Managing Conflicts of Interest in Corporate Governance. The foundation's chartered purpose was to provide educational and cultural opportunities to the citizens of Derry Township. Dec 11, 2020. www.tiogapublishing.com . 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- . 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. The Hershey Trust Company board of directors had decided to reject all bids and informed Lenny that the company was no longer up for sale. In the ongoing series The Sweetest Thing, TODAY gets rare access to find out how the iconic Reese's Chocolate Peanut Butter Cups are made. Senior Vice President, National Geographic Society Read important MHS policies on equal opportunity and diversity, equal employment opportunity, and more. In re Milton Hershey School, 867 A.2d 674, 678 (Pa.Cmwlth.2005) (quoting Deed of Trust, November 15, 1909, at 12-13). She also held a succession of leadership positions in her 27-year career at Kraft Foods, Inc., a grocery manufacturing and processing conglomerate. The Board of Directors of the Company has established the close of business on March 18, 2021 as the record date for determining the stockholders who are . At the heart of the fertile land of Limagne and the pastures of the Massif Central, the Clermont-Auvergne-Rhne-Alpes Centre is one of the institute's historic sites, with cutting-edge research in key sectors of agriculture, environment and food: preventive human nutrition, cereals, product quality, territories, livestock farming, robotics applied to agriculture, tree functioning, etc. Hershey said on April 25, 2023 that its board of directors declared a regular quarterly dividend of $1.04 per share ($4.14 annualized). Rising costs, an inadequate facility and the establishment of the Harrisburg Area Community College led to the closing of the Hershey Junior College in 1965. from 8 AM - 9 PM ET. He brings significant strength in the areas of education and child development. By 1981, Hershey Trusts ownership of Hershey Foods Corporation had shrunk to 50.1%. In 1930, at Milton Hershey's direction, school alumni and a former superintendent formed The Milton Hershey School Alumni Association. Home / Online Resources / Encyclopedia / Hershey Trust Company. Professional Experience: M.M., Kellogg Graduate School of Management, Northwestern University Visit Lyon. The Depression of the 1930s was a time of significant financial hardship for all of the United States. Mr. Crawford is currently the Chief Executive Officer, Pharmaceutical Segment, of Cardinal Health, Inc., a global healthcare services and products company, a position he has held since November 2018.