The Wendy’s Company said Thursday that it has named Todd Penegor chief executive officer in addition to his role as president of the company. Penegor succeeds Emil Brolick, who announced his retirement in October 2015. He will continue to serve on the board of directors, pending approval at Thursday’s annual shareholder meeting. Penegor has been chief financial officer since 2013, a role that transitioned to Gunther Plosch, who joined the company earlier this month. Finally, Bob Wright has been named chief operations officer for Wendy’s international division, effective May 30. Wendy’s shares are inactive in premarket trading, but down 3.7% for the year so far. The S&P 500 is down 2.3% for the year to date.
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