QVC, a global leader in video and e-commerce retail, has appointed former Hershey’s executive Ted Jastrzebski as the company’s new CFO. Jastrzebski will oversee QVC's financial operations, and will report to president and CEO Mike George.
A day after Hershey announced plans to launch a new brand in China — marking the first time the company launches a new brand outside the U.S in its 120-year history — the company announced plans to open its Asia Innovation Center in Shanghai.
The Hershey reported a net sales increase of nearly 6%, driven by core brand volume. Consolidated net sales were $1.8 billion for the first quarter ended March 31, compared with $1.7 billion for the same period last year.