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Wendy’s names PepsiCo executive as the burger chain’s new CEO

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( ) -q-23- UNDATED (Correspondent Jeremy House) “the company’s board.”

Wendy’s has named a longtime PepsiCo executive as its new CEO.

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TAG: Correspondent Jeremy House reporting. Wendy’s Chairman Nelson Peltz thanked Penegor for driving strong sales growth and earnings at the company, but said Tanner was an ideal candidate to lead Wendy’s international expansion plans.

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VERBATIM: The Dublin, Ohio-based burger chain says Kirk Tanner will become president and CEO on February 5. Tanner, who joined PepsiCo in 1992, most recently served as its CEO of North American beverages. Tanner succeeds Todd Penegor, who has served as Wendy’s president and CEO since 2016. Penegor will also step down from the company’s board.

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