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Del Monte Grabs Hershey Co.’s CEO Dave West

Hershey Co. Chief Executive David J. West is giving up his post to take the top job at Del Monte Foods Co., the maker of pantry staples and pet food that went private in a $5.3 billion March buyout, people familiar with the matter said Wednesday.

Mr. West, 48 years old, had led Hershey since late 2007, and his departure comes as a surprise. The chocolate producer is about 50% bigger than Del Monte by revenue, and its stock has risen by more than half since it failed to break up Kraft Foods Inc’s $19.5 billion takeover of British icon Cadbury PLC in January 2010.”

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