Wendy’s has appointed Kirk Tanner as its President and CEO. Tanner, who previously held the position of CEO for North American Beverages at PepsiCo Inc., brings over three decades of expertise in beverages, snacks, and foodservice, as stated in a press release.

Tanner assumes the role previously held by Todd Penegor, who is departing Wendy’s after more than a decade in senior positions. Additionally, Tanner will be joining Wendy’s board of directors.

During his tenure at PepsiCo, Tanner managed the $26-plus billion business unit, representing approximately 30% of the brand’s total business. Before this role, Tanner was responsible for overseeing PepsiCo’s global foodservice division.

“We are thrilled to welcome an executive of Kirk’s caliber to the Wendy’s team,” Nelson Peltz, chairman of the Wendy’s board, said in the press release. “Kirk is a proven operational leader whose customer-centric mindset and broad experience positioning and growing some of the most well-known global brands make him the ideal candidate to lead Wendy’s into its next phase of growth and expansion.”

“I am honored to have the opportunity to lead this iconic brand at such a pivotal time in the industry,” Tanner added. “I am energized by the future potential and expansion opportunities for the business. I look forward to working with the talented Wendy’s team and franchisees to drive future growth and success.”

Wendy’s, along with its franchisees, manages a global network of 7,000 restaurants.

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