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Nelson Peltz steps down as chair of Wendy's board, starting a new era for burger chain - TL;DR CNBC

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

Tickers: WENPEP

Keywords: restaurantsbusinessretail industrypepsico inc.fast food restaurant operatorsfood and drinkbreaking news: businessnelson peltzbusiness newswendys co

Source: https://www.cnbc.com/2024/09/09/nelson-peltz-steps-down-as-chair-of-wendys-board.html


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