Hershey Co. is poised to announce a leadership transition plan, with Chief Executive Officer Michele Buck stepping down next year, Semafor reported, citing people familiar with the matter.

(Reuters) -Chocolate maker Hershey plans to announce the departure of CEO Michele Buck, Semafor reported on Friday, citing people familiar with the matter Buck, who has led the company since 2017, will continue in her role and remain on the board while the company searches for her replacement,

Hershey (NYSE:HSY) will announce that Chief Executive Michelle Buck will depart the snack foods company, Semafor reported Friday, citing people familiar with the matter. According to the report, Buck will remain in the post and on the board until a successor is found,

Chocolate maker Hershey is set to announce the departure of CEO Michele Buck, Semafor reported on Friday, citing people familiar with the matter.