Restaurants operator The Wendy's Company (NASDAQ:WEN) announced on Tuesday the departure of President and CEO Kirk Tanner and the appointment of CFO Ken Cook to the interim CEO role. Tanner, whose departure is effective July 18,

Wendy's CEO Kirk Tanner has been appointed to replace Michele Buck, to lead Hershey starting on August 18 on Tuesday.

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.