Nelson Peltz steps down as chair of Wendy's board, starting a new era for burger chain
Publishing timestamp: 2024-09-09 09:27:41
Summary
Nelson Peltz steps down as chair of Wendy's after 17 years, allowing for new leadership under CEO Kirk Tanner. Peltz's departure comes as Wendy's sales slump and the company plans to invest in updates to boost business. Trian Fund Management, with a 10% stake in Wendy's, considered a takeover in 2022 but decided against it. Art Winkleblack is the new non-executive chair of Wendy's board.
Sentiment: MIXED
Keywords: restaurants, business, retail industry, pepsico inc., fast food restaurant operators, food and drink, breaking news: business, nelson peltz, business news, wendys co,
Source: https://www.cnbc.com/2024/09/09/nelson-peltz-steps-down-as-chair-of-wendys-board.html