(Reuters) - U.S. banking powerhouse JPMorgan Chase (NYSE:JPM) on Thursday announced the election of Hershey's CEO Michele Buck to its board, effective March 17.
Buck, 63, is also the president and board chairman of Hershey, the snacking and confectionary company behind successful brands such as Reese's Peanut Butter Cups and Milk Duds.
She started her career at the Frito-Lay division of PepsiCo (NASDAQ:PEP) and brings more than 30 years of experience in consumer-packaged goods to JPMorgan.
"Michele Buck has deep experience leading large, complex global organizations and guiding transformational change," JPMorgan CEO Jamie Dimon said.
JPMorgan is the largest U.S. bank with $4.2 trillion in assets, as of Sept. 30. The bank's stock has surged roughly 42% so far this year, giving it a market value of around $685.62 billion according to data compiled by LSEG.