Hershey $HSY is taking a hit after naming their new CEO

Posted By on July 9, 2025

HSY Wednesday afternoon 7/9/2025Although I’m not a big Hershey person, I do own a few shares and continued to write CALL options on $HSY. The surprising skid in stock price has me wondering why shareholders are selling just because a new CEO has been named? That aside, my CALL option has paid off today … just Thinking emojinot as planned. Kirk Tanner must not have really been a first choice?  

Hershey 5 day chart

The Hershey Company announced Tuesday that Wendy’s CEO Kirk Tanner will become the chocolatemaker’s new leader.

Tanner will take on the roles of president and CEO on Aug. 18, replacing Michele Buck, who announced her plans to step down at the beginning of the year, the company said in a press release.

Tanner has led PepsiCo for more than 30 years, where he served as the Chief Executive Officer, also held several other leadership positions at PepsiCo.

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Desultory - des-uhl-tawr-ee, -tohr-ee

  1. lacking in consistency, constancy, or visible order, disconnected; fitful: desultory conversation.
  2. digressing from or unconnected with the main subject; random: a desultory remark.
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