Wendy’s CEO Kirk Tanner exits for Hershey
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Kirk Tanner is an accomplished food and beverage executive with a strong track record across some of the industry's most recognized brands.
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.
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