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Home»Business»Kirk Tanner leaves Wendy’s to change into Hershey’s new CEO
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Kirk Tanner leaves Wendy’s to change into Hershey’s new CEO

Buzzin DailyBy Buzzin DailyJuly 9, 2025No Comments3 Mins Read
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Kirk Tanner leaves Wendy’s to change into Hershey’s new CEO
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Solidarity Capital CEO Jeff McClean joins ‘The Claman Countdown’ to debate Hershey’s outlook within the inventory market.

Wendy’s CEO Kirk Tanner is stepping down from his position on the fast-food restaurant chain and can quickly take over the reins as chief govt at The Hershey Firm.

“It has been a privilege to steer Wendy’s, an iconic model, and I depart with a way of gratitude for our workers and franchisees who make the corporate a very particular place,” Tanner stated in an announcement. 

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Tanner — who has served as president and CEO at Wendy’s for round 14 months — will depart the burger chain on July 18. He’ll start his new position on the chocolate-making firm a month afterward August 18, based on separate bulletins from the 2 corporations.

Tanner — who has served as president and CEO at Wendy’s for round 14 months — will depart the burger chain on July 18.  (The Hershey Firm / Fox Information)

Tanner succeeds Michele Buck, who has served as CEO of The Hershey Firm for seven years and is slated to retire. Buck will work with him in a senior advisory position to make sure the transition is profitable, based on The Hershey Firm.

WENDY’S TO CLOSE 140 RESTAURANTS BY THE END OF THE YEAR

Wendy’s has appointed Ken Prepare dinner, chief monetary officer of the restaurant chain, as interim CEO. The corporate has additionally begun a search to search out its subsequent CEO, Wendy’s wrote in its announcement.

Containers of Hershey's chocolate syrup are seen on display in a shop in New York City, U.S., July 20, 2017.

Containers of Hershey’s chocolate syrup are seen on show in a store in New York Metropolis, U.S., July 20, 2017. (REUTERS/Mike Segar/File Picture / Reuters)

“This departure comes at a doubtlessly inopportune time for Wendy’s,” Michael Gunther, analyst at Shopper Edge, instructed Reuters, including that the chain has underperformed in latest months in comparison with its friends.

WENDY’S TO ROLL OUT UBER-STYLE SURGE-PRICING, WITH MENU PRICES FLUCTUATING BASED ON DEMAND

Wendy’s inventory is down practically 31% for the reason that starting of the 12 months as the corporate offers with fewer gross sales. In the meantime, The Hershey Firm is coping with higher prices associated to tariffs and excessive costs of cocoa, based on Reuters.

A Wendy's Co restaurant is pictured in Monrovia

A Wendy’s Co restaurant is pictured in Monrovia, California November 4, 2015. (REUTERS/Mario Anzuoni/File Picture / Fox Information)

“Whereas Hershey faces challenges… we do not surmise seismic change is important to regular its ship,” Erin Lash, analyst at Morningstar, instructed Reuters.

Tanner started serving as president and CEO of Wendy’s in February 2024. Previous to that, he labored at PepsiCo, Inc., for greater than 30 years, together with as CEO of PepsiCo Drinks North America, based on the Wendy’s web site.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Wendy’s and The Hershey Firm didn’t instantly reply to Fox Information Digital’s request for remark.

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