Emil Brolick will retire from his post as president and chief executive officer for The Wendy's Company in May 2016. Todd Penegor, the quick-service restaurant chain’s current chief financial officer, is expected to succeed Brolick, according to a company release.
In addition, Wendy’s is conducting a search for a new CFO.
Brolick has served in his role since September 2011, and previously spent 1988 to 2000 with the company in various leadership roles.
Penegor joined Wendy’s in June 2013 and has served as executive vice president and has served in his current role since December 2014. His background includes working with Ford Motor Company and Kellogg.