The president of Hershey in the U.S., Andrew Archambault, will be leaving the company on May 1 to pursue other opportunities, according to the company.
Archambault joined Hershey in February 2025 from Keurig Dr Pepper as head of its confectionery business. He was recently promoted to oversee the company’s full U.S. portfolio and presented at Hershey’s investor day a few weeks ago.
The company is currently searching for a replacement for Archambault, as stated in an SEC filing. Top executives including CEO Kirk Tanner, Tiffany Menyhart, chief customer officer, and Nate Champagne, chief commercial officer, will be working closely with the leadership team to ensure continuity in the U.S. business.
Archambault arrived at Hershey shortly after former CEO Michele Buck announced her retirement, positioning him as a potential replacement. However, Tanner, a former executive at Wendy’s and PepsiCo, was chosen for the top spot instead.
Hershey, with over $11 billion in annual sales, has been expanding its salty snacks business through acquisitions of brands like Dot’s pretzels and, more recently, LesserEvil.
During its investor day, Hershey highlighted growth in salty snacks and resilience in core sweet brands, emphasizing plans for further innovation and expansion into premium and functional items.
“We’re in a unique position,” Tanner said. “We have a portfolio that is showing growth in this environment and is in line with consumer preferences.”
Despite its success, Hershey is facing challenges such as consumer spending constraints, rising commodity costs, and increased adoption of weight loss medications. The company projects an increase in organic net sales for 2026 due to price adjustments and innovation.