Wendy’s Announces New Leadership
Wendy’s Welcomes Kirk Tanner as New President and CEO Wendy’s has ushered in a new era of leadership by appointing Kirk Tanner as its President and Chief Executive Officer. Tanner, who takes over from Todd Penegor, brings a wealth of experience to the role, having served as CEO for PepsiCo Beverages North America. His appointment marks a significant transition for the fast-food giant, as Penegor steps down after a notable seven-year tenure.
Tanner’s Impressive Track Record at PepsiCo Before joining Wendy’s, Tanner’s impressive 32-year career at PepsiCo culminated in a five-year stint as the CEO of PepsiCo Beverages North America. His extensive experience with one of the world’s leading beverage companies positions him well to steer Wendy’s into a new phase of growth and development.
Praise from Wendy’s Board Chairman Nelson Peltz, Chairman of Wendy’s Board, expressed his enthusiasm for Tanner’s appointment. Peltz highlighted Tanner’s customer-centric approach and his proven ability to grow global brands as key reasons for his selection as the ideal candidate to lead Wendy’s forward.
Transition of Leadership
Penegor’s Legacy at Wendy’s Todd Penegor, Tanner’s predecessor, leaves behind a legacy of growth and innovation. During his tenure as President and CEO, Penegor also held roles including Chief Financial Officer. His leadership saw Wendy’s achieve significant growth in sales, earnings, and new restaurant openings, strengthening its digital business and franchise partnerships.
Penegor’s Career Highlights Before leading Wendy’s, Penegor was a prominent figure at Kellogg’s Snacks. His diverse experience in senior roles underscores his contribution to Wendy’s success over the years.
Board’s Gratitude to Penegor The Wendy’s Board, represented by Nelson Peltz, extended heartfelt thanks to Penegor for his significant contributions. They acknowledged his role in driving Wendy’s forward and wished him success in his future endeavors.
PepsiCo’s Leadership Shuffle
Ram Krishnan Steps Up at PepsiCo Following Tanner’s departure, PepsiCo announced the promotion of Ram Krishnan to CEO of PepsiCo Beverages North America. Krishnan, succeeding Tanner, previously held key roles including CEO of International Beverage and Chief Commercial Officer.
Krishnan’s Journey with PepsiCo Krishnan’s ascent at PepsiCo has been marked by various leadership positions since joining the company in 2006. His experience includes leading the Asia Pacific region and managing the global Walmart customer team.
PepsiCo’s Confidence in Krishnan Ramon Laguarta, Chairman and CEO of PepsiCo, expressed confidence in Krishnan’s capabilities. Praising his innovative approach and people-centric leadership, Laguarta anticipates Krishnan will significantly contribute to PepsiCo’s growth in the beverage sector.
Laguarta Acknowledges Tanner’s Contributions As Tanner transitions to Wendy’s, Laguarta commended his strong performance and dedication to customer service and operational excellence at PepsiCo. He acknowledged Tanner’s significant impact on the organization, emphasizing his commitment to innovation and team-oriented leadership.