| Central Penn Business Journal
Was West's move surprising?
Last week's announcement that David West was leaving Hershey for Del Monte Foods caught many people in the business community by surprise.
But is it really all that surprising?
The 47-year-old West had been with Hershey for a decade and has led the company as CEO and president since 2007. In that time, jobs were sent to Mexico, the company failed to acquire Cadbury in a move that was expected to help Hershey tap deeper in to the global confectionary market, and doomsday cocoa shortages loom.
The year West took the Hershey reins, stocks began a white-knuckle descent from $55.38 a share in April 2007 to $33.69 in April 2009. However, the company's stock increased dramatically through the end of recession months. This morning, earnings were down 43 cents to $55.41.
John Bilbrey was named interim CEO — just a few short months after he was named chief operating officer. He's been with the company since 2003.
What do you think West's exit will mean for Hershey? Who should be the next CEO? What does Hershey need in its next leader?
Christopher Passante is the editor of the Central Penn Business Journal.