#USA #education leadership #Hershey #Milton Hershey School #Hershey Trust

Hershey Trust Company Welcomes Three New Directors

In an exciting development for the Hershey Trust Company (HTC) and Milton Hershey School (MHS), the boards of both organizations have confirmed the election of three distinguished leaders as new Directors/Managers. The appointments, which took effect on January 1, 2026, signify a renewed commitment to the foundational missions of these institutions.

Maria T. Kraus, Chair of the HTC and MHS Boards, expressed her enthusiasm regarding the recent additions, stating, "I am thrilled to welcome Daniel Scherman, Dan Schwab, and Todd Shamash—three exceptional leaders who have demonstrated tremendous business acumen, a passion for philanthropy, and a heart for service throughout their careers."

About the New Leaders

Daniel Scherman

Daniel Scherman brings over 40 years of experience in investment strategy and risk management to his new role. Currently serving as Managing Director and Head of Equity Risk and Quantitative Research at Nomura Asset Management International, Scherman is responsible for overseeing the risk management framework for a substantial portfolio exceeding $200 billion. His academic credentials include an undergraduate degree in economics and history from Dartmouth College, complemented by an MBA from Boston University, making him a valuable asset in steering HTC's investment strategies.

Dan Schwab

Hailing from Harrisburg, Pennsylvania, Dan Schwab is a graduate of the esteemed Wharton School of Business. He co-presides over DH Distributing, a family-owned enterprise with more than a century of legacy, which boasts revenues exceeding $6 billion. Schwab's expertise in business is matched by his dedication to community service. He actively participates in various charitable organizations, including The Make-A-Wish Foundation and the Ronald McDonald House, contributing his business insights to drive social impact.

Todd Shamash

As President and CEO of Capital Blue Cross, Todd Shamash oversees health services for nearly one million members in central and eastern Pennsylvania. Armed with experience in strategic leadership and governance, Shamash's career encompasses vital roles, including Deputy Chief of Staff to the Governor of Pennsylvania. He holds a bachelor’s degree in political science from the University of Kentucky and a juris doctor from The Dickenson School of Law of The Pennsylvania State University, positioning him to contribute effectively to the stewardship of Hershey’s legacy.

A Commitment to Mission and Stewardship

Kraus emphasized that the addition of these leaders will significantly strengthen the boards of HTC and MHS, reinforcing their dedication to making a positive impact on children’s lives. "By joining together, we are more committed than ever to making a difference in the lives of children, while also remaining prudent managers of the financial resources entrusted to us," she added.

The Hershey Legacy

Founded by Milton S. Hershey in 1905, the Hershey Trust Company plays a crucial role as Trustee and investment advisor for the Milton Hershey School Trust, the M.S. Hershey Foundation, and the Hershey Cemetery Perpetual Care Trust. Through its expert trust and investment management services, the company helps ensure that the visions left by Milton and Catherine Hershey continue to flourish.

Milton Hershey School stands as a testament to this endeavor, providing an exceptional living and educational experience to qualifying students from pre-kindergarten through 12th grade—all expenses covered. It serves as one of the premier private educational institutions in the world, emphasizing community support and comprehensive education.

As these new Directors take their seats on the boards, there is a palpable sense of optimism regarding the future, promising to advance the ideals and contributions of Milton and Catherine Hershey in service to children and families for generations to come.