The collaborative work HTC and MHS are doing together to ensure that the School . During that time, she was the longest serving president, and only president to be elected twice, of the National Association of Insurance Commissioners and has board experience on Fortune 100 and public company boards. Our Leadership | The Hershey Company from 8 AM - 9 PM ET. Chief Financial Officer of Accelerated Enrollment Solutions, a business unit of Pharmaceutical Product Development LLC He was initially recommended for nomination to the Board by the Milton Hershey School Trust in 2003. Commissioner, Pennsylvania Department of Insurance Public Company and Other Key Directorships. Ryder, the Northern National cashier, suggested that in addition to taking mortgages, a trust company would have the added advantage of doing fiduciary business. Large windows, massive interior pillars, bronze grill work, mahogany desks and trim, and marble flooring decorated the bank space. 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 . The Homestead served as both home and classroom to the first students. 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 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. Professional Experience: 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. Grenoble, the Auvergne-Rhne-Alpes, France - Lat long As part of the Foundation, these cultural institutions gained non-profit status, enabling them to accept donations and apply for grants. The agreement comes after published reports that the trustees had spent more than $3.6 million in legal fees investigating whether two of . Education: Hershey School's board, despite orders to be frugal, runs up big That all changed in 1918. The bank vault was a particularly imposing feature of the building. 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. IN RE: MILTON HERSHEY SCHOOL and Hershey Trust Company | FindLaw His final will was a reflection of his concern and commitment to his community. Committees & Charters | The Hershey Company With Milton Hersheys gift, the Trust Company needed to direct more of its efforts toward the management of the School Trusts assets. What's not to love? In simple terms, the bank controlled the school's assets and operations, and Hershey owned the . Previously, the company paid $1.04 per share. The new Vice Chair of the Boards is Maria Trinh Kraus, a 1989 graduate of Milton Hershey School. It serves as the Trustee for the Milton Hershey School Trust, the M.S. Hershey Community Archives was established in 1984 as a cooperative project of the Foundation and the Hershey enterprises. 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. 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. Check out this great segment on Reese's Peanut Butter Cups, including archival materials from our collections! Pennsylvania attorney general announces Hershey trust reform deal It assumed operation of the Hershey Theatre in 1970, Hershey Museum in 1981 and the Hershey Gardens in 1989. She currently serves on the Board of Directors of FTAC Athena Acquisition Corp. (NASDAQ: FTAA), a SPAC, since February 2021, and Nuvei Corporation (TSX: NVEI and NVEI.U), a global payment technology provider, since August 2020. . The floor plan was designed to offer separate office space for other Hershey businesses. 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. Management of the Milton Hershey School Trust was so good that income generated often outpaced the Schools needs. He named the Hershey Trust Company as administrator of the school trust. Ms. Koken is Chairman of the Board of Hershey Trust Company and Milton Hershey School, positions she has held since December 2020. 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. Mr. Katzmans professional expertise and personal commitment to the mission brings exceptional value to the Boards. Enthusiastic about the mission, she serves as a role model for future generations of students. President & Chief Executive Officer, Pennsylvania Association of Rehabilitation Facilities 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 Foundation as the conduit for a $50 million gift from the Milton Hershey School Trust to Pennsylvania State University for a medical school and teaching hospital known asThe Milton S. Hershey Medical Center. 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 . J.D., University of Virginia School of Law Jason brings the unique perspective of an MHS graduate and vast experience as a successful entrepreneur," Koken added. 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. Since 1909, MHS has achieved its mission of breaking the cycle of poverty. Prior to joining Tech Data, Mr. Dutkowsky served as President, Chief Executive Officer and Chairman of two software companies, Egenera, Inc. and J.D. Program Officer for the Aspiring Leaders Program at Teaching Trust A.B., Economics, Dartmouth College, Appointed: Director 2016, Chair 2021, 2022 Hershey Trust Company - Hershey Community Archives His background aligns with accountable philanthropy and the mission of preserving Mr. and Mrs. Hersheys legacy. 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. Professional Experience: 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. 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. 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. The Hershey trust, and why chocolate philanthropy can leave a sour Hershey Trust Company Posted September 5, 2018. . About the same time, Hershey Trust Company began to focus on developing more traditional trust business. PA OAG Reaches New Agreement With Trustees of Hershey School . Vice President, Corporate Planning and Business Development, Marriott Corporation President and Chief Executive Officer, Bryn Mawr Rehab, Jefferson Health System She is also recipient of the Milton Hershey School Alumni Career Achievement Award. He previously served as Vice President and Chief Operating Officer and held other leadership positions in the Entertainment division . This page is not available in other languages. She is a recipient of the Milton Hershey School Alumni Career Achievement Award. Manager and Group Head Corporate Banking, Mellon Bank Jason Wolfe - Board of Directors and Board of Managers - Hershey Trust HERSHEY CO (Form: 8-K, Received: 02/15/2023 16:45:53) Milton Hershey School does not discriminate in admissions or other programs and services on the basis of race, color, national or ethnic origin, ancestry, sex, religious creed or disability. 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 . Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Michelle Figlar began her career as an early childhood teacher and is currently the executive director of the Birmingham Foundation in Pittsburgh. 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 . Founded 2,000 years ago, Lyon's streets are a living museum, with beautiful historical buildings and interesting art galleries and museums. In addition to handling the Hershey business payrolls, the Trust Company offered savings accounts, mortgages, and commercial and personal loans. B.A.,Villanova University, Appointed: Director 2019MHS Class of 2004 The increased staff provided Hershey Trust Company with enhanced expertise in money management and beginning in 1989 the company began actively soliciting private business. During his career, Jason has received a variety of honors, including Ernst & Youngs Entrepreneur of the Year, the Pittsburgh Technology Councils CEO of the Year and the Milton Hershey School Alumnus of the Year. Ms. Koken had accountability for and expanded the Childrens Health Insurance Program. The Managers are responsible for the long-term sustainability of Milton Hershey School and making decisions about Trust assets. New housing developments, such as Briarcrest and Glen Acres, were established in response. In addition to his overall leadership experience, Mr. Perez brings significant strength in the areas of supply chain management and logistics, digital technology, information security, innovation and data analytics to the Board. President & Chief Executive Officer, Penn Medicine Lancaster General Health The Trust Company excelled in its responsibility and stewardship of those trust funds. 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. h2g2 - The Hershey Trusts - Edited Entry Check out Tommy and Me!. In making its independence determinations with respect to Ms. Koken and Messrs. Brown and Katzman, the Board considered their roles as current members of the board of directors of Hershey Trust Company and the board of managers (governing body) of Milton Hershey School, as well as certain transactions the Company had or may have with these . For more information, visithersheytrust.com. Hershey Foundation, 2018 Hershey Community Archives | Terms of Use | Designed by Triple Strength. 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 . He has a long-standing interest in education, particularly for disadvantaged children. Issue: June 2016. This is important because the snack food company . Legal/Regulatory Consultant Joshua Shannon Email & Phone Number - The Vista.. | ZoomInfo Senior Engagement Manager, McKinsey & Company 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. She is currently the Chief Financial Officer of Wedgewood Pharmacy. The Junior College maintained high academic standards and helped hundreds of Hershey residents receive a college education. M.Ed., Educational Leadership and Elementary Education, Florida A&M University New staff was added to invest and manage monies realized from the sale of Hershey Foods stock. Boards of Hershey Trust Company and Milton Hershey School Elect Three A large portion of the trust's funding was represented by its stake in the Hershey Company. Hershey Trust Company - Wikipedia Hershey Trust holds 58,112K shares representing 28.44% ownership of the company. Today, Hershey Trust Company stands alone as being the same company doing business in the same town for one hundred years. Hershey Trust - Overview, News & Competitors | ZoomInfo.com He held the position of President and Chief Operating Officer, Healthcare, Education and Business Dining, at Aramark Corporation, a global provider of food, facilities and uniform services, from September 2012 to October 2018. Highlights: Dr. Peeples-Fullmore is an education professional and brings important experience to the Boards in areas of school administration, at-risk/dependent children, and residential childhood education. Mr. Brown provides valuable perspectives as a representative of our largest stockholder and the school that is its sole beneficiary. Appointed: Director 2017, Vice Chair 2017-2020 He received his B.S. 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. On April 28, 1905, the Pennsylvania Department of State issued a charter creating the Hershey Trust Company. Appointed: Director 2017MHS Class of 1991 The Chocolate Trust: Deception, Indenture and Secrets at the $12 He brings significant strength in the areas of education and child development. As Vice Chair of the Boards, Ms. Kraus is proud to advance the legacy of Milton and Catherine Hershey. Ms. Arway held multiple leadership positions during her 21-year career with American Express Company, Inc. and its subsidiaries, including as Chief Executive Officer, American Express Australia Ltd., and as Executive Vice President and General Manager, Corporate Travel North America. Director since May 2017. 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. 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. For more information, visit mhskids.org. We are collecting COVID-19 stories from the Hershey community. 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. Hershey Overhauls Its Board of Directors - The New York Times Did you know that Super Bowl contenders, the Philadelphia Eagles, conducted their summer training camp in Hershey several summers from 1951-1967? This focus aligns her work with the mission of the Hersheys legacy. The new issue of The Legacy is out! Hershy Management 1 .docx - The Hershey Trust: Managing As Layla Dylani settled into her seat for the flight home, the complexity of her position was top of mind. "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. in Chemical . He currently serves on the corporate board of directors at WisdomTree, Inc. This year we won the Business Times Fastest Growing company. Highlights: Mr. Brown brings vast experience in both the public and private sectors to the Boards of Hershey Trust Company and Milton Hershey School. Mr. Brown is a director of Hershey Trust Company and a member of the Board of Managers of Milton Hershey School, positions he has held since February 2016. Furthermore, the Trust Company continued to make mortgage loans, thus playing a significant role in the growth and development of the town. "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. 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: 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. 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. The board is a generic corporate governance mechanism and works as an intermediary between the firms executives and their shareholders. Professional Experience: Vice President Finance and Corporate Controller, Bioclinica, Inc. The community of Hershey remained an enduring passion for Milton Hershey throughout his life. Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of . Mr. Palmer is the Founder and Chief Executive Officer of TropicSport, a natural and environmentally friendly e-commerce suncare and skincare products company, a position he has held since April 2019. B.S., Education, Millersville University, Appointed: Director 2018, Vice Chair 2021, 2022MHS Class of 1989 Teacher and Administrator in Title I Public Schools Ed.D., Education Policy and Leadership, Southern Methodist University Education: Prior to that, he was managing director/head of asset management companies and simultaneously global head of retail and intermediary sales at PineBridge Investments. . Today the so-called Milton Hershey School Trust has an eye-popping $12bn in assets. Hershey said on April 25, 2023 that its board of directors declared a regular quarterly dividend of $1.04 per share ($4.14 annualized). The decision to establish a trust company rather than a bank was made after Milton Hershey sought advice from the Northern National Bank of Lancaster, Pennsylvania. 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. It manages the $13.751 billion USD (2015) endowment of the Milton Hershey School and School Trust.[2]. 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. August 23, 2017 07:06 PM Eastern Daylight Time. Born in Central Pennsylvania, Mr. Katzman brings sophisticated skills in the financial area and has a personal interest in education and childhood development. 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. Published Jun 19, 2016. 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). 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. Board of Managers - Milton Hershey School She also is a trained social worker with a real understanding of the issues and challenges facing children in need and their families. SEC Filing | The Hershey Company - Notified The foundation trust has the Hershey Trust Company as its trustee and is overseen by the Trust Company's board of directors. He was a man of action. Hershey Foundation, and endowed it with 5000 shares of Hershey Chocolate Corporation stock. Previously, he served as vice president, managing director/head of manager selection and portfolio construction, at Lincoln Financial Group, overseeing a $200 billion investment platform covering all asset classes. With the establishment of the Hershey Bank, the Trust Company could now focus its efforts on trust and related businesses. 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- . To broaden its accessibility, special deposit stations were established on Hershey trolleys. 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.