Fast-food chain Wendy’s has appointed Arthur Winkleblack as non-executive chairman of the board, succeeding Nelson Peltz.
Holding the role of non-executive chairman since 2007, Peltz has now been named chairman emeritus.
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Winkleblack has been a member of the Wendy’s board since 2016.
His appointment follows his tenure as lead independent director, which began in October 2023.
Winkleblack’s responsibilities at Wendy’s have been extensive, including his role as chairman of the Nominating and Corporate Governance Committee and his past position as chairman of the Audit Committee.
His leadership extends further with his recent appointment as chairman of the executive committee.
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By GlobalDataWendy’s CEO Kirk Tanner said: “We are immensely grateful to Nelson for his many contributions to Wendy’s over the years. Nelson has been an effective and collaborative Ieader, and Wendy’s has greatly benefited from his strategic vision and operational skills.”
Founded in 1969 by Dave Thomas in Columbus, Ohio, Wendy’s has grown into a key brand.
Tanner added: “We benefit greatly from our board structure and composition, which includes a majority independent board, fully independent key board committees, substantial shareholder involvement, a combination of both tenure and board refreshment, and deep and diverse skills, experience and perspectives that span a broad range of industries.”
Wendy’s is widely known for its square hamburgers made with fresh beef, freshly prepared salads and signature items such as baked potatoes and the iconic Frosty dessert.
Trian Fund Management founding partner and CEO Nelson Peltz said: “It’s been a pleasure working with the Wendy’s board for nearly two decades, and I’m proud of the company’s growth and transformation.
“Kirk has transitioned seamlessly into the CEO role, and with the stewardship of the board, including Art’s deep experience […] along with that of my partners Peter May and Matt Peltz, senior vice chairman and vice chairman, respectively, I am confident that the company is in good hands for further growth and success.”
Trian Fund Management, a multi-billion-dollar asset company, along with its affiliates, holds 15.3% of Wendy’s outstanding shares.
