Quantisnow Logo
Dashboard

The Wendy's Company Appoints Arthur Winkleblack Chairman of the Board

$WEN
Restaurants
Consumer Discretionary
Get the next $WEN alert in real time by email

Nelson Peltz Appointed Chairman Emeritus

DUBLIN, Ohio, Sept. 6, 2024 /PRNewswire/ -- The Wendy's Company (Nasdaq: WEN) today announced that its Board of Directors has appointed Arthur B. Winkleblack as non-executive Chairman of the Board. He succeeds Nelson Peltz, who has been named Chairman Emeritus in recognition of his long-time leadership, counsel, guidance and contributions to the Board and the Company.

Winkleblack has served as Lead Independent Director since October 2023 and has been a member of the Board since 2016. He also serves as Chairman of the Nominating and Corporate Governance Committee and as a member of the Audit Committee, where he is a past Chairman. Mr. Winkleblack has also been appointed as Chairman of the Executive Committee.

Peltz has served as non-executive Chairman of the Board since 2007. He is stepping down to devote more time to his other board commitments and Trian's future activities.

Kirk Tanner, Wendy's CEO, said: "We are immensely grateful to Nelson for his many contributions to Wendy's over the years. Nelson has been an effective and collaborative Ieader, and Wendy's has greatly benefited from his strategic vision and operational skills. I wish him the best with his other commitments and look forward to continuing to work with him as a significant Wendy's shareholder."

Tanner added: "I am excited to work with Art in his new role and am confident that the entire Board and management team will continue to work together to drive progress against the Company's strategic growth priorities. We benefit greatly from our Board structure and composition, which includes a majority independent Board, fully independent key Board committees, substantial shareholder involvement, a combination of both tenure and board refreshment, and deep and diverse skills, experience and perspectives that span a broad range of industries."

Peltz, CEO and a Founding Partner of Trian Fund Management, L.P., a multi-billion asset firm which, with its affiliates, beneficially owns approximately 15.3% of the outstanding shares of Wendy's, said: "It's been a pleasure working with the Wendy's Board for nearly two decades, and I'm proud of the company's growth and transformation. Kirk has transitioned seamlessly into the CEO role, and with the stewardship of the Board, including Art's deep experience on the Board along with that of my partners Peter May and Matt Peltz, Senior Vice Chairman and Vice Chairman, respectively, I am confident that the Company is in good hands for further growth and success."

ABOUT WENDY'S 

Wendy's® was founded in 1969 by Dave Thomas in Columbus, Ohio. Dave built his business on the premise, "Quality is our Recipe®," which remains the guidepost of the Wendy's system. Wendy's is best known for its made-to-order square hamburgers, using fresh, never frozen beef*, freshly-prepared salads, and other signature items like chili, baked potatoes and the Frosty® dessert. The Wendy's Company (NASDAQ:WEN) is committed to doing the right thing and making a positive difference in the lives of others. This is most visible through the Company's support of the Dave Thomas Foundation for Adoption® and its signature Wendy's Wonderful Kids® program, which seeks to find a loving, forever home for every child waiting to be adopted from the North American foster care system. Today, Wendy's and its franchisees employ hundreds of thousands of people across over 7,000 restaurants worldwide with a vision of becoming the world's most thriving and beloved restaurant brand. For details on franchising, connect with us at www.wendys.com/franchising.

Visit www.wendys.com and www.squaredealblog.com for more information and connect with us on X and Instagram using @wendys, and on Facebook at www.facebook.com/wendys.

*Fresh beef available in the contiguous U.S., Alaska, and Canada.

Media Contact:

Heidi Schauer

Vice President – Communications, Public Affairs & Customer Care

(614) 764-3368; heidi.schauer@wendys.com 

Investor Contact:

Aaron Broholm

Head of Investor Relations

(614) 764-3345; aaron.broholm@wendys.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/the-wendys-company-appoints-arthur-winkleblack-chairman-of-the-board-302241004.html

SOURCE The Wendy's Company

Get the next $WEN alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$WEN

DatePrice TargetRatingAnalyst
2/26/2025$20.00 → $17.00Neutral
Analyst
1/21/2025$22.00 → $14.00Equal-Weight → Underweight
Morgan Stanley
6/13/2024$16.00Sell
Goldman
4/12/2024$20.00Equal-Weight
Stephens
2/22/2024$24.00 → $20.00Outperform → Mkt Perform
Bernstein
2/21/2024$22.00 → $19.00Overweight → Neutral
JP Morgan
1/16/2024$21.00Buy → Hold
Gordon Haskett
1/3/2024$23.00 → $21.00Overweight → Equal Weight
Barclays
More analyst ratings

$WEN
 Press Releases

Fastest customizable press release news feed in the world

See more

  • Nothing Beats Fresh: Wendy's Drops $1 Jr. Bacon Cheeseburger or $1 Double Stack in the App to Fuel Fans Through March Madness

    Broadcast legends Ian Eagle and Clark Kellogg share hot takes on Wendy's fresh, never frozen beef DUBLIN, Ohio, March 17, 2025 /PRNewswire/ -- Wendy's® is serving up the real MVP of March Madness® with two stars of its fresh, famous beef* lineup just in time for the tournament! Now through Sunday, April 13, fans can score bracket-winning deals with Wendy's as the Official Hamburger of March Madness, including a $1 Jr. Bacon Cheeseburger or a $1 Double Stack™ with an additional purchase exclusively with the offer in the Wendy's app**. With millions of March Madness fans hungry

    $WEN
    Restaurants
    Consumer Discretionary

  • Wendy's Unveils Next Chapter of Growth and Announces Long-Term Financial Algorithm at 2025 Investor Day

    Shares plans to update core menu items and launch impactful innovation to meet consumer preferences and win in fast growing segments Details increased investments in technology and operations to enhance the customer experience Outlines expectations to add 1,000 net new restaurants globally by 2028Announces long-term financial algorithm of 3-4% annual net unit growth, 5-6% annual systemwide sales growth, and 7-8% annual adjusted EBITDA growthDUBLIN, Ohio, March 6, 2025 /PRNewswire/ -- The Wendy's Company (NASDAQ:WEN) will host its 2025 Investor Day today at its Restaurant Support Center in Dublin, Ohio. The event will feature presentations from members of Wendy's senior leadership team, who w

    $WEN
    Restaurants
    Consumer Discretionary

  • Wendy's Celebrates Opening of 500th Restaurant in Asia Pacific, Middle East and Africa (APMEA) Region

    Milestone marks significant progress towards expanding the brand's global presence DUBLIN, Ohio, Feb. 28, 2025 /PRNewswire/ -- The Wendy's Company announced today a major global growth milestone with the opening of the 500th Wendy's® restaurant in the Asia Pacific, Middle East and Africa (APMEA) region. The restaurant, located in Nagano, Japan, is owned and operated by franchisee Wendy's Japan K.K. and features the brand's new Global Next Gen design, which blends modern, innovative design with cutting-edge technology to enhance the customer experience. Wendy's has strong momen

    $WEN
    Restaurants
    Consumer Discretionary

$WEN
 Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

See more

$WEN
 Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

See more

$WEN
 SEC Filings

See more

$WEN
 Leadership Updates

Live Leadership Updates

See more

  • Wendy's New Thin Mints Frosty is the Perfect Pairing for Girl Scout Cookie Season Beginning Feb. 21

    Thousands of Wendy's restaurants will host local Girl Scout troops selling cookies as a national boothing partner DUBLIN, Ohio, Feb. 20, 2025 /PRNewswire/ -- Wendy's® is taking its iconic Frosty® to the next level with a new Thin Mints™-inspired treat that's equal parts cool and creamy, mint and chocolate. Wendy's, as a licensed partner of Girl Scouts of the USA (GSUSA), is serving up the limited-time Thin Mints Frosty in Wendy's restaurants nationwide beginning Feb. 21*. The newest sweet treat will be available just in time to celebrate National Girl Scout Cookie Weekend, when Girl Scout Cookies® are widely available across the country.

    $WEN
    Restaurants
    Consumer Discretionary

  • THE WENDY'S COMPANY NAMES KEN COOK CHIEF FINANCIAL OFFICER

    Cook to Succeed Gunther Plosch Effective December 2 DUBLIN, Ohio, Nov. 18, 2024 /PRNewswire/ -- The Wendy's Company (NASDAQ:WEN) today announced the appointment of Ken Cook as Chief Financial Officer, effective December 2, 2024. He will report to President and Chief Executive Officer Kirk Tanner and serve on the Wendy's Senior Leadership Team. Cook will succeed Gunther Plosch who has served as Chief Financial Officer since 2016 and will depart the Company at the end of the year after a transition with Cook. Cook most recently served as Head of Financial Planning and Analysis a

    $WEN
    Restaurants
    Consumer Discretionary

  • The Wendy's Company Announces Executive Leadership Appointments

    John Min Appointed Chief Legal Officer and Secretary Mary Greenlee Named Senior Vice President, U.S. Operations DUBLIN, Ohio, Sept. 16, 2024 /PRNewswire/ -- The Wendy's Company (NASDAQ:WEN) ("Wendy's" or the "Company") announced today the appointment of John Min as the Company's Chief Legal Officer and Secretary and Mary Greenlee as Senior Vice President, U.S. Operations, effective today. These appointments represent the continued evolution of the Company's leadership structure to drive accountability and accelerate growth. Min will report to President and Chief Executive Officer, Kirk Tanner, and Greenlee will report to President, U.S., Abigail Pringle. Min succeeds E.J. Wunsch, who was app

    $WEN
    Restaurants
    Consumer Discretionary

$WEN
 Financials

Live finance-specific insights

See more

  • Wendy's Unveils Next Chapter of Growth and Announces Long-Term Financial Algorithm at 2025 Investor Day

    Shares plans to update core menu items and launch impactful innovation to meet consumer preferences and win in fast growing segments Details increased investments in technology and operations to enhance the customer experience Outlines expectations to add 1,000 net new restaurants globally by 2028Announces long-term financial algorithm of 3-4% annual net unit growth, 5-6% annual systemwide sales growth, and 7-8% annual adjusted EBITDA growthDUBLIN, Ohio, March 6, 2025 /PRNewswire/ -- The Wendy's Company (NASDAQ:WEN) will host its 2025 Investor Day today at its Restaurant Support Center in Dublin, Ohio. The event will feature presentations from members of Wendy's senior leadership team, who w

    $WEN
    Restaurants
    Consumer Discretionary

  • THE WENDY'S COMPANY REPORTS FOURTH QUARTER AND FULL-YEAR 2024 RESULTS, PROVIDES 2025 OUTLOOK, AND UPDATES ITS CAPITAL ALLOCATION POLICY

    Wendy's systemwide sales grew 5.4% in the fourth quarter, reaching $3.7 billion,* including same-restaurant sales growth of 4.3%. For the full year systemwide sales grew 3.1%, reaching $14.5 billion, including same-restaurant sales growth of 1.5%.Total revenues for the fourth quarter were $574.3 million and adjusted revenues were $459.3 million, an increase of 6.4%.* Total revenues for the full year were $2.2 billion and adjusted revenues were $1.8 billion, an increase of 2.0%.Net income for the fourth quarter was $47.5 million and adjusted EBITDA was $137.5 million, an increase of 8.6%.* Net income for the full year was $194.4 million and adjusted EBITDA was $543.6 million, an increase of 1

    $WEN
    Restaurants
    Consumer Discretionary

  • The Wendy's Company to Report Fourth Quarter and Full Year 2024 Results on February 13, 2025 and Host an Investor Day on March 6, 2025

    DUBLIN, Ohio, Jan. 15, 2025 /PRNewswire/ -- The Wendy's Company (NASDAQ:WEN) will release its fourth quarter and full year 2024 results and share its 2025 financial outlook before the market opens on Thursday, February 13. The Company will host a conference call that same day at 8:30 a.m. ET, with a simultaneous webcast from the Company's Investor Relations website at www.irwendys.com. The related presentation materials will also be available on the Company's Investor Relations website. The live conference call will be available by telephone at (844) 200-6205 for domestic call

    $WEN
    Restaurants
    Consumer Discretionary

$WEN
 Large Ownership Changes

This live feed shows all institutional transactions in real time.

See more