Bob Wright Appointed as New CEO of Wendy’s Amid Leadership Changes
Wendy's has appointed Bob Wright as its new CEO after five consecutive quarters of declining same-store sales. Wright previously led Potbelly through a successful post-pandemic turnaround before selling it for $566 million in 2024. The restaurant chain plans to close around 300 locations and faces pressure from Trian Fund Management, which owns nearly 8% of the company.
Topics: executive change franchise performance Potbelly Wendy's