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Stock impact report

Wendy's CEO search is ‘progressing well' [Yahoo! Finance]

Wendy's Company (The) (WEN) 
Last wendy's company (the) earnings: 2/26 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
In a filing with the Securities and Exchange Commission this week, Wendy's provided an update on its search to select a permanent chief executive officer after two years of changes at the top.  Kirk Tanner took over the role in early 2024 following the departure of Todd Penegor , who led the company from 2016 through 2024 and is now CEO of Papa Johns. Tanner stepped down less than a year and a half later to take on the same position at The Hershey Co. Upon his departure in July, the Wendy's board appointed chief financial officer Ken Cook as interim CEO . Cook joined Wendy's just seven months prior to this transition.  In October, Cook announced a Project Fresh turnaround plan for the quick-service chain, which has struggled throughout much of the past several quarters. Domestic same-store sales, for instance, fell by 4.7% in the third quarter. Meanwhile, its biggest competitors — McDonald's and Burger King — were both positive. Project Fresh entails strengthening the brand posit Show less Read more
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