Hershey has named former PepsiCo executive Kirk Tanner as its new president and CEO to succeed Michele Buck, who had announced her intention to retire in June next year. Tanner, who is president and CEO of the fast-food chain Wendy's,

Tanner will take over in August after leading Wendy’s and a $28B PepsiCo beverages division. Longtime food and beverage exec Kirk Tanner was appointed as the Hershey Co.’s new CEO early on Tuesday.

The Hershey Company has appointed Kirk Tanner to succeed Michele Buck as president and CEO, effective Aug. 18.