Hershey taps PepsiCo executive Heather Hoytink as US president

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Summary · why it matters

Hershey has appointed PepsiCo executive Heather Hoytink as president of its US business, effective 8 July. Hoytink was most recently senior vice president and chief commercial officer for PepsiCo's US out-of-home beverages division. She succeeds Andrew Archambault, who left in May to join Nutrabolt as president and COO. Hershey president and CEO Kirk Tanner, himself a former PepsiCo executive, said Hoytink has the operating discipline and growth track record to accelerate the US business. In her new role, Hoytink will promote a 'one Hershey commercial model' across retail, foodservice, and emerging channels.

Impact on assets 2

Consumer Staples▼ · 2 stocks
Hershey Co
HSY
± MixedCapitalrelevance

Hershey appoints a new US president, a leadership change with uncertain near-term impact.

PepsiCo Inc
PEP
▼ NegativeCompetitionrelevance

Loss of a senior executive to a competitor

Off-coverage companies 1

NutraboltPrivate± Mixed
relevance