Michele G. Buck

Chairman of the Board, President, and CEO at HERSHEY

Board

Since October 2019

Age

63 years

Education

Earned a Bachelor's degree from Shippensburg University of Pennsylvania and an MBA from the University of North Carolina.

Tenure

Has been with HSY for over 19 years, progressing through roles such as Executive Vice President, Chief Operating Officer, and President before becoming Chairman, President, and CEO in October 2019.

Also at HERSHEY

Andrew Archambault

President of U.S. Confection

JLM

Jennifer L. McCalman

Vice President, Chief Accounting Officer

SEV

Steven E. Voskuil

Senior Vice President and CFO

About

Currently, the executive has built a reputation as a transformational leader with more than 30 years of experience in the consumer-packaged goods industry. Her strategic vision has been pivotal in evolving HSY into a diversified snacking powerhouse, driving sustainable international growth and strengthening the company’s market position.

Over the course of nearly two decades at HSY, she has advanced through progressively responsible roles – from Executive Vice President and Chief Operating Officer to President, and ultimately assuming the roles of Chairman, President, and CEO in October 2019. This progression underscores her deep operational expertise and commitment to excellence in corporate leadership.

In addition to her leadership at HSY, she has contributed to the broader business community by serving on the board of New York Life Insurance Company since 2013 and preparing for a planned retirement transition in 2026, after which she will continue to offer strategic guidance as a senior advisor. Her career reflects a blend of innovative strategy, robust industry experience, and impactful governance.

$HSY Performance Under Michele G. Buck

Past Roles

Organization	Role	Date Range	Details
The Hershey Company	President and Chief Executive Officer	March 2017 - October 2019	Former role before current HSY position
The Hershey Company	Executive Vice President and Chief Operating Officer	June 2016 - March 2017	Preceded her role as CEO at HSY
The Hershey Company	Various Other Executive Roles	N/A	Over 19 years of service at HSY

External Roles

Organization	Role	Date Range
New York Life Insurance Company	Director	Since November 2013

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$1,400,000	Annual (accrual basis)	Earned on an accrual basis for 2023
Change in Pension Value and Non-Qualified Deferred Compensation Earnings	$2,569,968	Annual recognition	Represents the change in the present value of accumulated pension benefits and deferred comp earnings during 2023
All Other Compensation	$493,373	Annual	Includes: 401(k) Match ($14,850), Supplemental 401(k) Match ($235,350), Supplemental Retirement Contribution ($1,291), Personal Use of Company Aircraft ($186,832), Company-Paid Financial Counseling ($11,845), Company-Paid Executive Physical ($7,204), Attorney Fees ($36,001)

Performance Compensation

Data from FY 2023

Stock Awards

Metric	Details/Amount
Performance Metrics	Three-year relative TSR (34% weight) ; Three-year CAGR in Adjusted EPS (33% weight) ; Three-year Cumulative Free Cash Flow (33% weight)
Performance Score Range	0% to 250%
Threshold	11 PSUs
Target	22,018 PSUs
Maximum (Cap)	55,045 PSUs
Grant Date	February 21, 2023
Grant Date Fair Value	$8,256,692
Grant Date Stock Price	Determined using the NYSE closing price on the award date
Vesting Schedule	Three-year performance cycle (2023-2025)
Payout	Payment made in shares of Common Stock at the end of the performance cycle

Non-Equity Incentive Plan Compensation (OHIP)

Metric	Details/Amount
Performance Metrics	Net Sales; Adjusted EPS; Free Cash Flow
Threshold	$4,032
Target	$2,240,000
Maximum (Cap)	$4,480,000
Calculation	Base Salary × 160% (target OHIP percentage) × financial performance multiplier (0% to 200%)
Vesting/Payout	No vesting schedule; awards are paid out annually based on performance
Evaluation Period	Performance is assessed on an annual basis
Adjustment	The Compensation Committee may adjust the final OHIP award based on the quality of financial and non-financial performance results