Wendy’s CEO Kirk Tanner tapped to lead Hershey

Wendy’s CEO Kirk Tanner tapped to lead Hershey


Kirk Tanner, then chief executive officer of North America beverages for PepsiCo Inc., speaks during the Bloomberg Power Players Summit in Miami, Florida, U.S., on Friday, Jan. 31, 2020. 

Marco Bello | Bloomberg | Getty Images

Wendy’s CEO Kirk Tanner has been named the new chief executive of The Hershey Company, effective August 18.

Tanner will replace Michele Buck, who is retiring after almost 20 years at Hershey, including almost eight as CEO.

Tanner joined Wendy’s in 2024 after more than 30 years at PepsiCo, including leading the company’s North American beverages unit. His move to Hershey marks a return to the consumer packaged goods space.

“Kirk is a proven, high-impact leader in the food and beverage industry with a great combination of customer and consumer passion, commercial acumen and operational scale,” said Mary Kay Haben, director and chair of Hershey’s CEO search committee, in a press release Tuesday. “His deep experience in snacks, beverages, M&A and innovation—combined with public company CEO and board roles—makes him well suited to lead Hershey into the future.”

Buck originally announced her plans to retire from Hershey at the beginning of the year. She will remain as an advisor to Hershey until the end of the year.

Wendy’s has named CFO Ken Cook as its interim CEO when Tanner steps down on July 18. Cook has been CFO since 2024 and held senior roles at UPS before that.

The Wendy’s board has launched a search for a permanent replacement.



Source

Pokémon, sports trading card boom boosts Target, Walmart ahead of holiday season
Business

Pokémon, sports trading card boom boosts Target, Walmart ahead of holiday season

Trading cards of the game “Magic” are located in a shop where a “Magic” tournament is taking place. Frank Rumpenhorst | picture alliance | Getty Images As screentime soars and technology races ahead, a low-tech pastime is back in a big way: collecting trading cards. The cardstock depicting everything from NFL standouts to Pokémon and […]

Read More
FAA lets Boeing increase 737 Max production almost two years after near-catastrophic accident
Business

FAA lets Boeing increase 737 Max production almost two years after near-catastrophic accident

Boeing 737 Max aircraft are assembled at the company’s plant in Renton, Washington, U.S. June 25, 2024. Jennifer Buchanan | Via Reuters Boeing has won regulator approval to ramp up production of its best-selling 737 Max jetliners to 42 a month, a milestone for the manufacturer nearly two years after the Federal Aviation Administration capped […]

Read More
‘The tide went out’: How a string of bad loans has bank investors hunting for hidden risks
Business

‘The tide went out’: How a string of bad loans has bank investors hunting for hidden risks

Signage outside Western Alliance Bank headquarters in Phoenix, Arizona, March 13, 2023. Caitlin O’Hara | Bloomberg | Getty Images Big banks including JPMorgan Chase and Goldman Sachs had just finished taking victory laps after a blockbuster quarter when concerns emerged from an obscure corner of Wall Street, sending a collective shiver through global finance. Regional […]

Read More