Hershey’s U.S. President Andrew Archambault is set to depart from the company on May 1 to pursue new opportunities, Hershey announced. Archambault, who joined Hershey in February 2025 from Keurig Dr Pepper, where he led the confectionery business, was recently promoted to oversee the company’s entire U.S. portfolio. The company is now in the process of finding a replacement for him, according to an SEC filing. In the meantime, a team of top executives, including CEO Kirk Tanner, will ensure continuity across the U.S. business.
Archambault’s arrival at Hershey came shortly after former CEO Michele Buck announced her retirement, positioning him as a potential successor. However, the company ultimately chose Tanner, a former executive at Wendy’s and PepsiCo, to take over the top spot in August.
With annual sales exceeding $11 billion, Hershey has been expanding its salty snacks business through acquisitions like Dot’s pretzels and LesserEvil, a brand offering better-for-you popcorn and cheese puffs. At its recent investor day, Hershey highlighted growth in its salty snacks segment and the resilience of its core sweet brands, such as Hershey’s and Reese’s. The company also outlined plans for further innovation and a deeper focus on premium and functional products.
Despite its successes, Hershey faces challenges like industry-wide pressures, including reduced consumer spending, higher commodity costs, and increased adoption of GLP-1 medications for weight loss. To counter these challenges, Hershey is projecting an increase in organic net sales of 2.5% to 3.5% for the current fiscal year through price adjustments and innovation.
CEO Kirk Tanner emphasized Hershey’s unique position in the market, noting the company’s ability to grow in the current environment and its strong consumer appeal. Looking ahead, Hershey remains committed to driving growth, innovation, and market expansion in the snack industry.