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Hershey board chairman to retire

U.S. confectioner Hershey Co. on Feb. 22 said John Bilbrey will retire as chairman of the board.

Bilbrey will serve for the remainder of his term and will not stand for re-election at the 2018 annual stockholders meeting May 2, the company said.

Bilbrey will be replaced by Charles Davis, the company's lead independent director.