- Kirk Tanner leaves Wendy’s CEO to become CEO from Hershey. He was in the role for 17 months in the fast food company. He could earn over $ 17 million in his first year, which would be particularly higher than the outgoing CEO Michele Buck.
Goodbye, burger. Hello, cutter bar!
Kirk Tanner leaves his role as CEO from Wendy’s take the upper point Effective in Hershey on August 18. He will replace Michele Buckwho announced their plans to retire at the beginning of this year. (Buck will work with Tanner as a senior consultant to support the transition.)
It is a remarkable death of the torch. Tanner put on a playbook that was intense at Wendy’s and started objects such as a chicken sandwich and fries with takis and a thin mints frosty. That made people talk, but did not trigger sales. Wendy reduced his sales and profit view for 2025 in May and the shares have so far declined by 30%.
Nevertheless, Hershey Tanner made an offer that he could not reject. His total compensation at Wendy was last year 17.3 million US dollars. In Hershey he becomes make A basic content of 1.25 million US dollars and is entitled to receive a cash incentive price that aims at 180% of its basic content.
Tanner also receives a award ceremony for the stock unit worth $ 7 million and a power shares worth $ 4 million as a registration bonus. (Both are broadcast over a period of three years.) He will also receive Pro-Rata shares worth 3.4 million US dollars.
He can also receive an annual share remuneration of up to $ 9 million-a number specified by the company of the company.
Buck had a basic content of 1.4 million US dollars and an annual incentive of 160% of the basis last year last year. Her Overall compensation In 2024, stock prices and incentives amounted to 11.9 million dollars. In 2023 she earned $ 15.7 million.
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