Wendy’s said Chief Financial Officer Todd Penegor has begun transitioning to the role of CEO and will also assume duties as president of the QSR chain.
Penegor is replacing CEO Emil Brolick, whose retirement was announced in October. Brolick will continue serving as CEO until May, when the job transition is expected to be complete, Wendy’s said. Penegor will assume the role of president starting Jan. 4.
An external search for a CFO to succeed Penegor, who joined Wendy’s in 2013, is underway.