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,

Wendy's CEO Kirk Tanner has been named the new chief executive of The Hershey Company. Tanner will replace Michele Buck, who is retiring after almost 20 years at Hershey, including almost eight as CEO. Tanner's move to Hershey marks his return to the consumer packaged goods space.

Hershey (HSY, Financials) appointed Kirk Tanner, the current chief executive of Wendy's (WEN, Financials), as its new CEO, effective Aug. 18, according to a company statement Tuesday. Tanner will replace Michele Buck,