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

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,

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.