The Wendy’s Company (WEN) announced that its Board of Directors has appointed Kirk Tanner as Wendy’s President and CEO, effective February 5. Tanner will succeed Todd Penegor, who will depart from the company and Board in February after serving in senior leadership positions at Wendy’s for more than a decade. Tanner has also been elected to serve on the Wendy’s Board of Directors. Tanner most recently served as CEO of North American Beverages at PepsiCo (PEP), and joins Wendy’s with more than 30 years of experience across beverages, snacks and foodservice.
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