The Wendy's Company (NASDAQ: WEN) announced that its board of directors has appointed Robert D. "Bob" Wright as president and chief executive officer, effective May 21, 2026. Wright will also join the company's board of directors.

Wright previously served as president and CEO of Potbelly Corporation, where he led expansion efforts and developed digital platforms. He has prior experience at Wendy's, including roles as executive vice president and chief operations officer, along with leadership positions at Charleys Philly Steaks, Checkers Drive-In Restaurants and Domino's Pizza.

"Following a thorough and comprehensive search, the Board is confident that Bob is the right leader to guide Wendy's into its next chapter," said Chairman of the Board Art Winkleblack.

Wright stated he is "focused on elevating the customer experience, advancing operational excellence, and strengthening the franchisee financial model to deliver sustainable, profitable growth."

Ken Cook will continue in his role as chief financial officer. Cook had been serving as interim CEO during the search process. The board acknowledged Cook's leadership during the transition period and his role in establishing the Project Fresh strategy.

The announcement follows a period where Trian Fund Management and affiliates filed a Schedule 13D/A in February 2026 indicating they were exploring potential transactions to enhance stockholder value.

Wendy's operates over 7,000 restaurants worldwide through company-owned and franchised locations. The company was founded in 1969 by Dave Thomas in Columbus, Ohio.