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Hershey's board chairman to retire; replacement elected

John Bilbrey will retire as chairman of Hershey Co.'s board on May 2.

The incumbent will not stand for re-election at the company's annual meeting of stockholders on May 2. Charles Davis, the company's lead independent director, will assume the role of chairman after the meeting.

Bilbrey joined Hershey's board in 2011 and previously was president and CEO of the company.