Michele Buck, CEO of Hershey, will retire on August 18, moving the date forward by almost a year. Buck led Hershey since 2017 and outlasted the average tenure of female Fortune 500 CEOs. During her tenure, she faced challenges such as high cocoa prices and consumer spending slowdown. The Fortune 500 currently has 55 companies led by female CEOs, representing over 10% of the list. Hershey selected Kirk Tanner as Buck's successor, an external candidate, highlighting the ongoing gender disparity in CEO appointments.
Michele Buck will retire as CEO of Hershey on Aug. 18, moving up her retirement timeline after leading the company since 2017.
Hershey's conducted a search for Buck's replacement, opting for Kirk Tanner, highlighting a trend where men are often favored in CEO appointments.
Out of the Fortune 500, women lead over 10% of companies, with 55 female CEOs noted in the 2025 list, despite Buck's retirement potentially affecting representation.
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