Core Insights - Calbee has acquired a 58% stake in US-based tofu-maker Hodo, marking its entry into the US plant-based food market and aiming to accelerate the growth of its international "health and food" businesses [1][2] - Sagamiya Foods, a Japan-based tofu manufacturer, will also take a 10% interest in Hodo, providing technical support to promote and expand tofu culture in the US [1][3] Company Strategy - The acquisition aligns with Calbee's three-year transformation plan initiated in February 2023, focusing on overseas expansion, particularly in the US, and the development of its "food and health" business [2][4] - Calbee's CEO highlighted the growing demand for sustainable foods, particularly tofu, which is gaining traction among health-conscious consumers in the US market [2][4] Hodo's Position - Hodo, founded in 2004 and based in Oakland, California, supplies retail and foodservice and offers a portfolio that includes other plant-based foods such as nuggets, veggie-burgers, and egg replacement products [4][5] - Hodo's founder expressed excitement about Calbee's vision and commitment to providing healthier food options without compromising on taste [5]

Core Points - Kirk Tanner, President and CEO of Wendy's, is leaving to become the President and CEO of The Hershey Company, effective July 18, 2025 [1] - Ken Cook, the current CFO, has been appointed as Interim CEO while the Board searches for a permanent replacement [2] - The Board expresses confidence in Ken Cook and the senior leadership team to continue executing the company's growth strategy [3] Leadership Changes - Kirk Tanner's departure is acknowledged by the Board, which wishes him well in his new role at Hershey [3] - Ken Cook has a strong background, having spent 20 years at UPS, and has played a significant role in developing Wendy's long-term growth strategy [2] - Bradley G. Peltz has been elected to the Board, replacing Matthew H. Peltz, who resigned to focus on other commitments [3] Strategic Focus - Ken Cook emphasizes the commitment to executing strategic priorities such as providing fresh food, enhancing customer experience, and accelerating global net unit growth [3] - The company is set to release its second quarter 2025 results on August 8, 2025, indicating ongoing transparency and communication with stakeholders [3]