Taco Bell Inc. plans to seek a new CEO, according to people familiar with the matter.
The company is in talks with the former chief financial officer of the parent company, Taco Bell Corp., said the people, who asked not to be identified discussing internal matters.
In April, Taco said it was looking for a chief operating officer.
The person said Taco has not announced a new hire, but has been looking for one for months.
It is the first Taco Bell restaurant to make its way to the U.S. market.
The San Antonio, Texas-based chain also has plans to open a restaurant in Buffalo, New York, in 2019.
The Buffalo restaurant is the company’s only U.K. location.
The Taco Bell brand includes tacos, burritos, chicken burrito and burrito bowls.
The news follows a month-long investigation by The Wall St. Journal that examined the financials of more than two dozen Taco Bell restaurants across the U, including its flagship, Carmel restaurants.
Last year, Taco agreed to pay $8 billion to settle allegations that it misled investors about its finances and the value of the company.
The investigation focused on a $1.2 billion cash payout the company received from investors in the second quarter of 2015.
The settlement came as Taco Bell, which has long been a cash-generating business, was hit by another round of bad news.
The Wall Streets Journal reported that the company was paying more than $8 million in fines in the first quarter of 2017 to settle a class-action lawsuit filed by investors who alleged the company overstated the number of employees it had.