Wendy’s CEO to Retire; Finance Chief Tapped as Successor

Emil Brolick will retire from his post as president and chief executive officer for The Wendy’s Company in May 2016.

Under his tenure, the company also has remodeled its restaurants to be more modern and embarked on a plan to sell most of its company-owned restaurants to franchisees. It is anticipated that is actually 80percent of Wendy’s wages come from business owner monarchs and rent. He guided with the countries leading recipe changes, headed the redecorating and editing of this very… The largest hamburger chain of all, McDonald’s (in red), during the same period, has seen a fall in its same-store sales.

Of his promotion, Penegor states: “With the highly qualified leadership team that Emil [Brolick] has assembled, and a franchise community that is actively engaged in the growth of the brand, The Wendy’s Company is well-positioned for future growth and success”. He has led a revamp of Wendy’s menu that included new seasonal salads and such hit products as the pretzel bacon cheeseburger.

Its second quarter net income rose to $40.2 million from $29 million a year ago after reporting gains from discontinued operations. Before that, he had spent 12 years with Wendy’s in various management roles.

The fast-food restaurant company said it is conducting an external search for a new finance chief to succeed Mr. Penegor. He previously worked at cereal maker Kellogg Co. and automaker Ford Motor Co. Before that, Mr. Penegor worked at Kellogg from 2000 to 2013 in roles including president of U.S. Snacks, Chief Financial Officer of Kellogg Europe and Chief Financial Officer of Kellogg USA. I feel honored to have been chosen as a steward of Dave Thomas’ great legacy for the Wendy’s family, and I could not be more confident in Todd Penegor as the President and CEO of The Wendy’s Company.

He has served his current position of executive vice president, CFO and global of the Company since December 2014.