JPMorgan Appoints Hershey's CEO Michele Buck to Board

(Reuters) – U.S. banking powerhouse JPMorgan Chase (NYSE:JPM) announced the election of Michele Buck, CEO of Hershey, to its board, effective March 17.

Buck, 63, is also the president and board chairman of Hershey, the snacking and confectionary company known for popular brands such as Reese's Peanut Butter Cups and Milk Duds.

Buck began her career at the Frito-Lay division of PepsiCo (NASDAQ:PEP) and brings over 30 years of experience in consumer-packaged goods to JPMorgan.

"Michele Buck has deep experience leading large, complex global organizations and guiding transformational change," said JPMorgan CEO Jamie Dimon.

As of September 30, JPMorgan is the largest U.S. bank with $4.2 trillion in assets. The bank's stock has surged roughly 42% this year, giving it a market value of around $685.62 billion, according to data from LSEG.