Wendy’s taps Kirk Tanner as new CEO as burger chain fights off activist pressure
- Wendy's has appointed Kirk Tanner as its new CEO in an effort to boost its share price and address pressure from activist investors.
- Activist investor Blackwells Capital plans to challenge Wendy's board, potentially starting a fight with Nelson Peltz, the chair of the board.
- Outgoing CEO Todd Penegor successfully launched Wendy's breakfast menu nationwide but faced setbacks, including reduced spending by low-income consumers and a franchisee bankruptcy.
10 Articles
10 Articles
Wendy's names PepsiCo executive as the burger chain's new CEO - The Morning Sun
Wendy’s Co. named a longtime PepsiCo executive as its new CEO on Thursday. The Dublin, Ohio-based burger chain said Kirk Tanner will become president and CEO on Feb. 5. Tanner, who joined PepsiCo in 1992, most recently served as its CEO of North American beverages. Tanner succeeds Todd Penegor, who has served as Wendy’s president and CEO since 2016. Penegor will also step down from the company’s board, Wendy’s said. Wendy’s Chairman Nelson Peltz…
Wendy’s names PepsiCo executive as the burger chain’s new CEO
Wendy’s Co. named a longtime PepsiCo executive as its new CEO on Thursday. The Dublin, Ohio-based burger chain said Kirk Tanner will become president and CEO on Feb. 5. Tanner, who joined PepsiCo in 1992, most recently served as its CEO of North American beverages. Tanner succeeds Todd Penegor, who has served as Wendy’s president and CEO since 2016. Penegor will also step down from the company’s board, Wendy’s said. Wendy’s Chairman Nelson Peltz…
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