Wendy's CEO Leaving for Hershey: How Will This Impact the Fast Food Chain and the Chocolate Giant?

Wendy’s CEO Kirk Tanner is leaving the fast food chain to become the new CEO of The Hershey Company in August, replacing Michele Buck. Tanner joined Wendy’s last year after a long tenure at PepsiCo. Hershey shares are down 3% while Wendy’s shares have fallen 30%.

Tanner’s departure from Wendy’s will see CFO Ken Cook step in as interim CEO on July 18, with a search for a permanent CEO underway. Tanner expressed excitement about leading Hershey and the opportunity to make a difference with beloved brands. Wendy’s board chair wished him well in his new role.

Hershey Company announced the hiring of Kirk Tanner as their new CEO to replace Michele Buck, effective August 18. Tanner, who joined Wendy’s last year and spent decades at PepsiCo, expressed his commitment to understanding consumers, building customer partnerships, and investing in colleagues. Hershey and Wendy’s stock performances differ, with Hershey slightly down and Wendy’s falling over 30%.

Read more at Yahoo Finance: Wendy’s CEO Kirk Tanner Leaving Burger Giant for Hershey