– Soft and sour. Fortune 500 will soon have broken down a CEO woman after Hershey announced yesterday that the longtime chief Michele Buck will put the reins of $ 11.2 billion in chocolate to review on August 18.
Buck had already announced his intention to retire, but increased the calendar by almost a year. His successor is Kirk Tanner, an old man who became Pepsico alum by Wendy’s who directed the collaborations of the fast food chain with SpongeBob brands in Takis.
When fortune 500 2025 was published a month ago, 55 companies on the list were led by female CEOs. Buck was one of the longest among this group; She had led Hershey since 2017. She has of course survived the average mandate of a head of fortune 500, who oscillated about four years for a decade. (For men, it is seven – that Buck also beat.)
But Buck said, according to Wall Street JournalThat she stayed in the CEO position longer than she had planned, after being invited by her board of directors. During her last months of work, she has treated a difficult environment for candy manufacturers, high cocoa prices for slowing consumption expenses to “make America in good health” artificial dyes and processed foods.
On fortune 500, women always manage more than 10% of companies, otherwise the 11% that Stat has reached in June. The 71 -year classification of the largest American companies has crossed the 10% mark for women CEO in 2023. The retirement of a CEO is hardly a problem for women CEO, but when it comes to figures, each small hiring or outing is important. Hershey carried out a replacement for replacing Buck and went with an external candidate. It is there that men seem to have an advantage – between 2024 and 2025, no leading woman was hired in the jobs of the CEO of Fortune 500, only promoted from the interior.
Emma Hinchliffe
Emma.hinchliffe@ Fortune.com
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Also in the headlines
– ICC costs. The International Criminal Court (ICC) of The Hague has issued arrest warrants for the Supreme Taliban chief and the head of the Supreme Court of Afghanistan, to persecute women and girls since his return to power in 2021. Associated Press
– Ice raids. The mayor of Los Angeles, Karen Bass, criticized the last scan of the immigration application of the Trump administration, which took place on Monday at MacArthur park in the city’s Westlake district. The horse -drawn ice officers went from one end of the park to the other. “For me, this is another example of the administration taking over chaos by deploying what looked like a military operation in an American city,” said Bass. CBS News
-A plus ndas. Government leaders in the United Kingdom should add a provision to employee rights legislation which would prohibit the use of non-disclosure agreements by employers to silence the victims of harassment at the workplace. The legislation would cancel the existing NDAs used by companies for this purpose and would allow witnesses to express themselves without risk of legal remuneration. Bloomberg
– Another pivot. Weightwatchers emerged from bankruptcy and announced a new program designed to support women passing by menopause. The program is expected to be launched later this year and will provide resources for women in perimenopause, menopause and postmenopause. Marketwatch
Movers and shaking
Conga, a income process platform, named Celia Fleischaker As a new director of chief marketing. More recently, she was CMO in Insved.
The meadows, a clinical and non -viral immunotherapy company, promoted Jill Buck to the Director of Development. It has recently been the main vice-president of clinical development operations of the company.
Uniuni, a last mile delivery company, announced the appointment of Sheila Berry as a new director of chief income. She recently directed global logistics products partnerships at Shopify.
The University of St. Thomas named Dr Sinda K. Vanderpool As a tenth president of the institution. She was recently PResident and vice-chancellor of St. Mary’s University.
Weidner Apartment Homes, a real estate and investment and real estate management company, named LONNA TORCHIA to the company’s management team. She is currently executive vice-president.
On my radar
They call him an influencer. She calls her campaign strategy The 19th
Melinda French Gates reveals that she refuses to finance the new startup of her daughter Gen Z – despite nearly 31 billion dollars Fortune
Meet Wall Street women Bloomberg
Words of separation
“I was in Hollywood in all sizes. I was a sample size, I had my body change because of life, illness, aging, menopause. And it’s ruthless where you are. ”
–Lena Dunham, including Netflix Show Too much is first, On beauty standards in the entertainment industry
