Facebook LinkedIn Twitter Vimeo RSS

After six years, Hershey Trust CEO steps down to pursue new opportunities

By ,
In February 2012, Eric Henry became CEO and chief investment officer of the Hershey Trust Co.
In February 2012, Eric Henry became CEO and chief investment officer of the Hershey Trust Co. - (Photo / )

The Hershey Trust Co. is looking for a new leader.

Eric Henry, the trust's CEO and CIO, has resigned after six years at the helm to pursue other professional opportunities, the trust said in a statement Monday.

The Derry Township-based trust is the largest stockholder of chocolate giant The Hershey Co. and owns Hershey Entertainment & Resorts Co., which manages Hersheypark. Income from the trust supports the Milton Hershey School

The trust has launched a nationwide search to find a new CEO. In the interim, Jan Bratton, director of investing for public markets at the trust, will serve as interim CIO. She has been with the trust since 1989.

After joining the trust in February 2012, Henry helped grow the trust's endowment from $9 billion to about $13.5 billion. Last summer, the trust sold 4.5 million shares of Hershey stock to support the school.

The growth of the endowment has enabled the school to grow from 1,850 students to 2,050.

And more growth is in the future. The school is nearing completion of its North Campus, which will allow it to expand to 2,300 students by the 2022-23 school year.

"On behalf of the entire board, I'd like to thank Eric for his service to the trust and wish him well in his future endeavors," said Robert C. "Bob" Heist, the chair of the trust's board of directors.

In addition to his trust role, Henry also resigned as chair of the board at Hershey Entertainment.

From 2009 to 2012, Henry was the chief investment officer for the United Auto Workers Retirees Medical Benefits Trust, a trust for retired workers of Ford Motor Co., General Motors Co. and Chrysler Group. Prior to that, he held executive roles at Texas Municipal Retirement System and the Pennsylvania State Employees' Retirement System, among others.

Also Popular on CPBJ

Jason Scott

Jason Scott

Jason Scott covers state government, real estate and construction, media and marketing, and Dauphin County. Have a tip or question for him? Email him at jscott@cpbj.com. Follow him on Twitter, @JScottJournal. Circle Jason Scott on .

Leave a Comment

test

Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
View Comment Policy

Comments

vivy September 13, 2018 7:48 am

From your post only I came to know that The Hershey Trust Co. is looking for a new leader. what isgoogle chrome won t open the actual reason behind this sudden action as such details are not mentioned here. I would recommend you to share that information too.

Oliver September 11, 2018 5:32 am

Eric Henry, the 's CEO, and CIO was a great leader and after the six years at the helm to pursue other professional opportunities. Now the Hershey Co. is looking for a new leader. For that has launched a nationwide search to find a new CEO. Keep sharing more updates about this topic. why is my computer so slow

close