The Hershey Company has appointed Kirk Tanner as its new president and CEO, effective August 18.
The appointment comes after the company’s president and CEO Michele Buck announced her intention to retire at the beginning of this year. She will work closely with Tanner in a senior advisory capacity to ensure a smooth transition.
Tanner has been CEO of Wendy’s since February last year and has led a strategy focused on core brand growth and accelerating new unit growth globally.
Prior to joining the company, he was CEO of PepsiCo Beverages North America, overseeing a $28 billion business across a diverse portfolio of brands including Pepsi, Gatorade, Mountain Dew, Pure Leaf and Bubly.
“Throughout my career, I’ve remained focused on the three pillars that drive success: understanding and delighting consumers, building strong partnerships with customers and investing in colleagues,” said Tanner.
“Leading Hershey is a once-in-a-lifetime opportunity to make a difference with loved brands, and I look forward to working closely with the board of directors and the entire team to advance our leading snacking powerhouse ambition.”
The Hershey Company owns brands such as Hershey’s, Reese’s, Kisses, Kit Kat, Jolly Rancher, Ice Breakers, and Shaq-a-licious.
The company reported a 0.3 per cent sales uplift and 19.3 per cent increase in net income in the last fiscal year.
