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, who spearheaded Wendy’s most recent product partnerships and marketing innovations, will step down as the burger chain’s president and CEO to take over as Hershey’s next CEO. Tanner will take Michele Buck’s place as president and CEO of the Pennsylvania-based chocolate company,