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Hershey enlarges board, adds new member

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Wendy L. Schoppert
Wendy L. Schoppert - (Photo / )

The Hershey Co. voted this week to add one more seat to its 12-person board of directors and quickly filled it

The chocolate maker's 13th director is Wendy L. Schoppert, whose tenure begins immediately, the company said this week in a news release.

Schoppert brings a range of experience in retail and finance.

"Her knowledge of the marketplace and guidance as a member of our board will provide tremendous leadership as Hershey progresses through its next phase of growth towards its vision of being an innovative snacking powerhouse," J.P. Bilbrey, Hershey chairman, said in a statement

Schoppert worked previously on the senior executive team at mattress company Sleep Number Corp., where she held positions as executive vice president and CFO, chief information officer, interim chief marketing officer and senior vice president of international and new channel development.

Before joining Sleep Number, Schoppert led US Bank's private asset management team, serving as head of product, marketing and corporate development for the bank's asset management division.

Schoppert 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.

In addition to her board post at Hershey Schoppert is on the boards of discount retailer Big Lots Inc.; financial services firm Bremer Financial Corp.; digital subscription service Gaia Inc.; and digital marketing agency Nina Hale Inc.

She also is a governance fellow with the National Association of Corporate Directors and Co-Chair of the Minnesota chapter of Women Corporate Directors.

She earned a bachelor's degree in mathematics and operations research and an MBA in finance and general management from Cornell University.

For the quarter ending Oct. 1, Hershey posted sales of $2.03 billion, up 1.5 percent from $2 billion for the same period in 2016.

Profits rose more quickly. Net income for the quarter was $273.3 million, up from $227.4 million for the year-ago period.

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The decision to extend the number of people in the board seems to be a great move by the company. Adding someone like Schoppert with a range of experience in retail and finance could really boost the overall performance of the company. seo training in kochi

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