Foley Will Leave Position at CKE

William P. Foley II said Thursday that he plans to step down as chief executive of CKE Restaurants Inc., one of two major companies that he heads, within the next few months.

He will remain as chairman of the board of Anaheim-based CKE, the nation’s fourth-largest burger chain.

The announcement comes in the wake of a move by Fidelity National Financial Inc., another company that Foley heads, to acquire Chicago Title Corp., which would create a new kingpin.

CKE, parent of the Carl’s Jr., Hardee’s and Taco Bueno chains, will now be headed by Tom Thompson, the current president. “It is now time for me to turn the day-to-day management of CKE to Tom,” Foley said in a statement. “I have been mentoring Tom to take the helm at CKE for nearly five years.”