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.

Kirk Tanner, a former Pepsi and Wendy's executive, will take over for retiring president and CEO Michele Buck on in August, the company announced today.