Papa John’s names Wendy’s prior CEO Todd Penegor CEO

Papa John’s International (PZZA) announced that its Board of Directors has appointed Todd Penegor as President and Chief Executive Officer, effective immediately. Mr. Penegor has also joined the Company’s Board of Directors. He succeeds Ravi Thanawala, who has served as Interim CEO since March 2024 and will continue in his role as Chief Financial Officer. Penegor, most recently President and Chief Executive Officer of The Wendy’s Company (WEN) , is a proven leader with 20 years of experience in the restaurant and consumer goods industries. During his tenure as President and Chief Executive Officer of Wendy’s, the company achieved substantial growth in sales, earnings and new restaurant counts, including the expansion of Wendy’s footprint to more than 7,000 restaurants worldwide and the 12th consecutive year of same-restaurant sales growth, among other achievements. Prior to Wendy’s, Mr. Penegor held key leadership roles at Kellogg Company and Ford Motor Company.