The Hershey Company on Tuesday said that it has hired Kirk Tanner as its new CEO to replace the retiring Michele Buck, with Tanner leaving fast food giant Wendy's, where he was CEO for just over a year,

Wendy's said on Tuesday its CEO Kirk Tanner was leaving the burger chain after just over a year in the role to take on the top job at chocolate maker Hershey. For Wendy's, the change comes at a time when it has been grappling with muted sales as macroeconomic volatility pushes more people to eat at home.

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.