Hershey appoints Wendy's Kirk Tanner as new CEO; shares fall
ReutersJul 8, 2025 4:44 PM
Shares of chocolate maker Hershey HSY.N down as much as 3.4% at $169.55
Co replaces Michele Buck, its CEO of seven years, with Wendy's WEN.O CEO Kirk Tanner, effective August 18
This follows Hershey's earlier announcement that Buck would retire next year and transition to senior advisor role once replacement was named
Wendy's appointed CFO Ken Cook as interim CEO and launched search process to select permanent chief
Wendy's shares were flat at noon, after falling as much as 1.7% in early trading
HSY stock down 3.7% YTD as of last close, while WEN has fallen 32%
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