Wendy’s Eyes Expansion with New CEO

The Wendy’s Company introduced the appointment of Kirk Tanner, former CEO of PepsiCo Inc.’s North American Drinks Division, as its new president and CEO, efficient February 5. Tanner, with greater than 30 years of expertise within the meals and beverage business, additionally joins Wendy’s board.

He succeeds Todd Penegor, who’s stepping down after main Wendy’s for greater than a decade. Nelson Peltz, chairman of the Wendy’s board, praised Tanner’s operational management and customer-focused method, expressing confidence in his potential to drive the model’s progress and growth.

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“We’re thrilled to welcome an govt of Kirk’s caliber to the Wendy’s crew,” stated Peltz, in a statement. “Kirk is a confirmed operational chief whose customer-centric mindset and broad expertise positioning and rising a few of the most well-known world manufacturers make him the perfect candidate to guide Wendy’s into its subsequent section of progress and growth.”

The fast-food chain, based in 1969, operates greater than 7,000 eating places globally and is about to report its full-year 2023 earnings on February 15. Learn Extra: CNBC