hershey trust company board of directors
For further information, call (717)520-1100 or send an email info@hersheytrust.com. President and Chief Executive Officer, Bryn Mawr Rehab, Jefferson Health System Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. The original endowment was 486 acres of farmland including The Homestead, Milton Hersheys birthplace. 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. Throughout the Depression, Hershey Trust Company only foreclosed on two Hershey mortgages. No change in the last quarter. Chief Financial Officer of Accelerated Enrollment Solutions, a business unit of Pharmaceutical Product Development LLC Derry Townships population boomed with the influx of Medical Center personnel and their families. A Seth Thomas 30 day clock was positioned above the vault door, guarded by two magnificent lions in bas-relief, representing Time and Strength.. Hershey Trust Company and the Milton . Ms. Kraus also sits on the Board of the Girl Scouts of Eastern Pennsylvania. The increased staff provided Hershey Trust Company with enhanced expertise in money management and beginning in 1989 the company began actively soliciting private business. Director since May 2017. 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. Mr. Katzir is a significant contributor to the Boards in each of these areas. For information about the Milton Hershey School, visit their website at www.mhskids.org. #24 View more. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. B.A., Political Science, Stanford University, Appointed: Director 2018 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. 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. "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. The collaborative work HTC and MHS are doing together to ensure that the School . At about the same time, in an unrelated investigation, John Estey, former chief of staff to Governor Ed Rendell and a high-ranking executive of the company, was charged with wire fraud, having pocketed $13,000 that an FBI sting operation had given to him in an investigation into illegal lobbying of legislators.[13][14]. 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. The attorney general said that the three had allowed "apparent violations" of the 2013 agreement. Previously, Joshua was a Vice President - Consumer Sector Portfolio Manager At Asset Management at Goldman Sachs. The Trust Company continued to maintain offices in the Bank/Trust building at the corner of Chocolate and Cocoa Avenues. Ms. Koken had accountability for and expanded the Childrens Health Insurance Program. During the early years, Milton Hershey paid for many of the schools expenses out of his own pocket. 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. 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. Special Assistant to the President, Board of Education of the city of New York The original staff for the Trust Company was modest, consisting of the cashier and a teller. 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. Ms. Kraus is an alumna of Milton Hershey School, having graduated as valedictorian in 1989, and is a recipient of the Milton Hershey School Alumni Career Award. Since 1909, MHS has achieved its mission of breaking the cycle of poverty. 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. The foundation trust has the Hershey Trust Company as its trustee and is overseen by the Trust Company's board of directors. It's a non-profit organization set up by the company's founders. Directors: Jane Cooper Sheila E. Dow-Ford Richard A. Harvey Eric Henry Jeffrey W. Jones . The Hershey Trust Company is a trust that oversees the funding of the Milton Hershey School. [11][12], In May 2016, the state attorney general asked the company to remove three members from the ten-person board. This focus aligns her work with the mission of the Hersheys legacy. What's not to love? Available rental properties offered by Hershey Trust Company, can be found at www.htcrealestate.com. Ms. Kraus brings extensive financial expertise along with her many years of business management, corporate and board governance to the Boards. On April 28, 1905, the Pennsylvania Department of State issued a charter creating the Hershey Trust Company. 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. Education: 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. 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 year we won the Business Times Fastest Growing company. As Vice Chair of the Boards, Ms. Kraus is proud to advance the legacy of Milton and Catherine Hershey. He currently helps family businesses create a board of directors to help with the multi=generational . Management of the Milton Hershey School Trust was so good that income generated often outpaced the Schools needs. Founded 2,000 years ago, Lyon's streets are a living museum, with beautiful historical buildings and interesting art galleries and museums. She brings board experience on Fortune 100 and public company boards. In his reply, E.J. 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. Qualifications, Attributes and Skills: He was a man of action. The Hershey Trust: Managing Conflicts of Interest in Corporate Governance. 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. 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. Being one of 11 members1 of the board of directors for the Hershey Company, she had just received a presentation from snack food company Mondelez regarding a . 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. Education: During the Depression Milton Hershey encouraged the Trust Company to be lenient in handling mortgages that fell behind in payments. Education: Eight directors ran up an $18,000 tab for a weekend board meeting last June at New York's Waldorf-Astoria hotel, according to internal records . B.A., Anthropology and Sociology, The George School, Lafayette College Highlights: Harold has held executive, portfolio management and analyst roles in asset management firms for more than 30 years. $3,066,024 View details. Teacher and Administrator in Title I Public Schools Jason Wolfe enrolled at Milton Hershey School at the age of 11. Like other Hershey businesses, the Trust Company was an instrument to carry out Milton Hersheys plans for his model community. It assumed operation of the Hershey Theatre in 1970, Hershey Museum in 1981 and the Hershey Gardens in 1989. He named the Hershey Trust Company as administrator of the school trust. Hershey Trust Companys move to High Point in 1991 provided them with much needed spacefor their expanded staff. Mr. Robbin-Coker began his career with Morgan Stanley, advising on M&A and capital markets transactions across the US, Europe, and Africa. Founding Managing Director, The Eli and Edythe Broad Foundation In 1986, Hershey Trust Company sold its ownership of the Hershey Bank to PNC Corporation. President & CEO, Fight for Children Education: Today the so-called Milton Hershey School Trust has an eye-popping $12bn in assets. J.D., University of Virginia School of Law Please contact us for more information. Ms. Koken is a native and lifelong resident of Pennsylvania. 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. We are collecting COVID-19 stories from the Hershey community. 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 Trust, and the Hershey Cemetery Trust. Under the stewardship of Hershey Trust Company, Milton Hersheys Testamentary Trust Fund has grown to $33 million today. Enthusiastic about the mission, she serves as a role model for future generations of students. 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. In simple terms, the bank controlled the school's assets and operations, and Hershey owned the . Hershey Chocolate Company, the Hershey Trust Company, the Milton Hershey School, and the community of Derry Township all enjoyed a cozy, albeit fragile union while . President & Chief Executive Officer, Penn Medicine Lancaster General Health Appointed: Director 2017MHS Class of 1991 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: 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. 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. 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. 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. Mr. Saltzmans expertise is in the areas of education, at-risk child care, and non-profits. The bank operated as a separate entity, though the Trust Company, as trustee, owned majority equity ownership in the bank. Financial Analyst, Morgan Stanley 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 . Read important MHS policies on equal opportunity and diversity, equal employment opportunity, and more. For more information, visit mhskids.org. 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. Hershey Foundation and the Hershey Cemetery Perpetual Care Trust. As the surplus income fund grew, the Board confronted the dilemma of earning too much money, and how to best use excess funds to serve Milton Hersheys legacy of providing for others. Cision Distribution 888-776-0942 For more information, visit mhskids.org. 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 . He is a Trustee of the Boys & Girls Clubs of the Valley (AZ), a Trustee of the San Francisco Ballet, a member of the Presidents Leadership Council at Dartmouth College, and a member of the Advisory Board of the Program for Financial Studies at Columbia Business School, where he guest lectures on financial topics. 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. We grew . B.A., International Affairs, Sweet Briar College. The trustees have . 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. "I have every expectation that Diane's commitment to advancing Mr. and Mrs. Hershey's mission will ensure that more students at Milton Hershey School will be able to receive life-changing care and support for years to come.". The Hershey Trust Company is an American corporation incorporated on April 28, 1905, by Milton S. Hershey, Harry Lebkicher and John E. Snyder. Highlights: Mr. Katzman is Senior Vice President, Business Development for General Electric (GE). J.D., Villanova University School of Law Education Director, AMIKids-Day Treatment and Residential Programs "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.". 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. Jason brings the unique perspective of an MHS graduate and vast experience as a successful entrepreneur," Koken added. For further information, call (717)520-1100 or send an email info@hersheytrust.com. 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. Partner, Dilworth Paxson Hershey Trust holds 58,112K shares representing 28.44% ownership of the company. She served as Insurance Commissioner in Pennsylvania for ten years in the cabinets of Republican and Democratic governors. She previously served as Insurance Commissioner of Pennsylvania for three governors and in other leadership roles during her 22-year career at Provident Mutual Life Insurance Company, a national life insurer, that culminated in her serving as its Vice President, General Counsel and Corporate Secretary. 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. That year Milton Hershey quietly gifted the School Trust with all of his Hershey Chocolate Company stock, then valued at $60 million. 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. . Chief Investment Officer and Treasurer, University of Pittsburgh 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 Prior to those roles, Mr. Perez served as UPS Vice President of Technology and as Vice President, Engineering. The new Vice Chair of the Boards is Maria Trinh Kraus, a 1989 graduate of Milton Hershey School. Today the Trust Company continues its role as trustee for the Foundation. 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.
