HERSHEY, Pa., July 13 /PRNewswire-FirstCall/ -- David J. West, Senior Vice
President, Chief Financial Officer, The Hershey Company (NYSE: HSY), today
announced that Humberto Alfonso has been named Vice President, Finance and
Planning, U.S. Commercial Group, effective July 17, 2006. Alfonso will report
to West and support Christopher J. Baldwin, Senior Vice President, President
U.S. Commercial Group.
Alfonso will have overall responsibility for providing finance and
planning support to the U.S. Commercial Group. He will provide business
insight and analysis to help further Hershey's value-enhancing strategy. He
will also be instrumental in maintaining Hershey's strong control environment.
In making the announcement, West said, "Bert brings more than 20 years of
financial leadership across all areas of finance, including treasury, business
support and supply chain. He has extensive international experience as well
as a deep understanding of the snack market. Throughout his career, he has
maintained a strong focus on driving profitable growth, and he will play a key
role in providing the financial insights, analysis and tools to help Hershey
realize the opportunities in the U.S. confectionery and snack markets."
Alfonso joins Hershey from Cadbury Schweppes, where he was Executive Vice
President Finance, Chief Financial Officer, Americas Beverages. He led all
finance and information technology functions for the United States, Canada,
Mexico and the Caribbean region. Alfonso joined Cadbury Schweppes in 2003 as
Vice President Finance, Global Supply Chain. In this role, he was based in
London with responsibility for developing financial and strategic aspects of
the company's global supply chain, including logistics, procurement and
sourcing.
Prior to joining Cadbury Schweppes, Alfonso was Vice President and Chief
Financial Officer for the Adams Division of Pfizer, Inc. From 1983 to 2000,
he worked in a variety of financial leadership positions at Warner Lambert,
most recently as Vice President and International Treasurer.
A native of Cuba, Alfonso graduated from Rutgers University with a
bachelor's degree in accounting. He holds an MBA in marketing from Rutgers.
About The Hershey Company
The Hershey Company (NYSE: HSY) is a leading snack food company and the
largest North American manufacturer of quality chocolate and non-chocolate
confectionery products. With revenues of over $4 billion and more than 13,000
employees worldwide, The Hershey Company markets such well-known brands as
Hershey's, Reese's, Hershey's Kisses, Kit Kat, Almond Joy, Mounds, Jolly
Rancher, Twizzlers, Ice Breakers, and Mauna Loa, as well as innovative new
products such as Take 5 and Hershey's Cookies. In addition to its traditional
confectionery products, Hershey offers a range of products specifically
developed to address the nutritional interests of today's health-conscious
consumer. These products include sugar-free Hershey's, Reese's and York
candies, and PayDay Pro. It also markets Hershey's cocoa, Hershey's syrup and
other branded baking ingredients, toppings and beverages. In addition,
Artisan Confections Company, a wholly owned subsidiary of The Hershey Company,
markets such premium chocolate offerings as Scharffen Berger, known for its
high-cacao dark chocolate products, and Joseph Schmidt, recognized for its
fine, handcrafted chocolate gifts. Visit us at
http://www.hersheynewsroom.com.
SOURCE The Hershey Company
-0- 07/13/2006
/CONTACT: Kirk Saville, The Hershey Company, +1-717-534-7641/
/Web site: http://www.hersheys.com
http://www.hersheynewsroom.com /
(HSY)
CO: The Hershey Company
ST: Pennsylvania
IN: FOD
SU: PER
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4896 07/13/2006 16:10 EDT http://www.prnewswire.com
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