Eric Henry was appointed CEO and chief investment officer of the $8.5 billion Milton Hershey School Trust, effective mid-March, confirmed Connie McNamara, a spokeswoman for the school.
It will be the first time the CEO and CIO positions are held by the same person, she said.
Vincent Rudisill, CIO for 35 years, retired last year, said Ms. McNamara. The CEO position has been open since Robert Reese stepped down in the fall of 2010, she said.
Mr. Henry had been CIO of the $55 billion UAW Retiree Medical Benefits Trust, a voluntary employee beneficiary association based in Ann Arbor, Mich. UAW trust spokesman Matt Wood said a search is under way to replace Mr. Henry.
According to a news release, the Hershey trust funds a school founded in 1909 by chocolate magnate Milton Hershey and his wife, which “provides a home and an education to more than 1,850 children from pre-kindergarten to 12th grade who come from families in poverty.”
David Barrett Partners assisted in the search.