(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 Co. Chief Executive Officer Michele Buck will step down from her role next year and the company has started a search for her successor.

Michele Buck, a 20-year veteran of Hershey who assumed leadership in 2017, said she would step down from her roles as president and chief executive on June 30, 2026.

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