Wendy’s CEO Kirk Tanner exits for Hershey
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Daily Voice on MSNWendy's CEO Kirk Tanner To Lead The Hershey CompanyThe CEO of Wendy's is ditching hamburgers for chocolate as he agrees to be in charge of Hershey's. Kirk Tanner will take over as CEO of The Hershey Company on Monday, Aug. 18, the chocolate giant announced on Tuesday,
At Hershey, he’ll make a base salary of $1.25 million and is eligible to earn a cash incentive award that’s targeted at 180% of his base salary. Tanner will also receive a restricted stock unit award worth $7 million and a performance stock unit worth $4 million as a sign-on bonus.
Hershey continued the turnover of its top management on Tuesday by naming Wendy’s Chief Executive Officer Kirk Tanner to run the snack and candy company.The stock slid 3.2% to $169.93, its lowest closing price since June 30,
The current Wendy's Company executive will transition from fast food to chocolate, succeeding Michele Buck, who has led the Hershey Company for nearly a decade.