Papa Johns Appoints Restaurant Industry Veteran Todd Penegor as President and Chief Executive Officer
Papa Johns International, Inc. (NASDAQ: PZZA) has appointed Todd Penegor as President and Chief Executive Officer, effective immediately. Penegor, former CEO of Wendy's, brings 20 years of experience in the restaurant and consumer goods industries. During his tenure at Wendy's, the company achieved substantial growth in sales, earnings, and restaurant count, expanding to over 7,000 locations worldwide.
Penegor succeeds Ravi Thanawala, who served as Interim CEO since March 2024 and will continue as Chief Financial Officer. The appointment concludes an extensive search for a leader to accelerate Papa Johns' growth and unlock the brand's full potential. Penegor aims to enhance customer experiences and capitalize on Papa Johns' differentiated market position in the QSR space.
Papa Johns International, Inc. (NASDAQ: PZZA) ha nominato Todd Penegor come Presidente e Amministratore Delegato, con effetto immediato. Penegor, ex CEO di Wendy's, porta con sé 20 anni di esperienza nei settori della ristorazione e dei beni di consumo. Durante il suo mandato alla Wendy's, l'azienda ha raggiunto una crescita significativa in termini di vendite, guadagni e numero di ristoranti, espandendosi a oltre 7.000 località nel mondo.
Penegor succede a Ravi Thanawala, che ha ricoperto il ruolo di CEO ad interim da marzo 2024 e continuerà come Direttore Finanziario. La nomina conclude una lunga ricerca di un leader per accelerare la crescita di Papa Johns e sbloccare il pieno potenziale del marchio. Penegor punta a migliorare l'esperienza dei clienti e a capitalizzare la posizione di mercato differenziata di Papa Johns nel settore QSR.
Papa Johns International, Inc. (NASDAQ: PZZA) ha designado a Todd Penegor como Presidente y Director Ejecutivo, con efecto inmediato. Penegor, ex CEO de Wendy's, trae consigo 20 años de experiencia en las industrias de restaurantes y bienes de consumo. Durante su mandato en Wendy's, la compañía logró un crecimiento sustancial en ventas, ganancias y cantidad de restaurantes, expandiéndose a más de 7,000 ubicaciones a nivel mundial.
Penegor sucede a Ravi Thanawala, quien se desempeñó como CEO interino desde marzo de 2024 y continuará como Director Financiero. La designación concluye una extensa búsqueda de un líder para acelerar el crecimiento de Papa Johns y desbloquear todo el potencial de la marca. Penegor busca mejorar la experiencia del cliente y capitalizar la posición de mercado diferenciada de Papa Johns en el espacio de QSR.
파파존스 인터내셔널, Inc. (NASDAQ: PZZA)가 톰 페네고르를 대통령 겸 CEO로 즉시 임명했습니다. 페네고르는 웬디스의 전 CEO로, 외식 및 소비재 산업에서 20년의 경력을 가지고 있습니다. 웬디스에서 그의 재직 기간 동안, 회사는 매출, 수익 및 레스토랑 수에서 상당한 성장을 이루어내며 전 세계에 7,000개 이상의 매장을 확장했습니다.
페네고르는 2024년 3월부터 임시 CEO로 재직해온 라비 타나왈라를 이어받으며, 그는 CFO 자리를 계속 맡게 됩니다. 이번 임명은 파파존스의 성장을 가속화하고 브랜드의 잠재력을 최대한 활용하기 위해 리더를 찾는 대규모 검색을 마무리짓는 것입니다. 페네고르는 고객 경험을 개선하고 QSR 분야에서 파파존스의 차별화된 시장 위치를 활용하는 데 주력할 것입니다.
Papa Johns International, Inc. (NASDAQ: PZZA) a nommé Todd Penegor au poste de Président et Directeur Exécutif, avec effet immédiat. Penegor, ancien CEO de Wendy's, apporte avec lui 20 ans d'expérience dans les industries de la restauration et des biens de consommation. Pendant son mandat chez Wendy's, l'entreprise a connu une croissance substantielle en termes de ventes, de bénéfices et de nombre de restaurants, s'étendant à plus de 7 000 emplacements dans le monde.
Penegor succède à Ravi Thanawala, qui a occupé le poste de CEO par intérim depuis mars 2024 et continuera en tant que Directeur Financier. La nomination conclut une recherche approfondie d'un leader pour accélérer la croissance de Papa Johns et débloquer le plein potentiel de la marque. Penegor vise à améliorer l'expérience client et à capitaliser sur la position de marché différenciée de Papa Johns dans le secteur de la restauration rapide.
Papa Johns International, Inc. (NASDAQ: PZZA) hat Todd Penegor mit sofortiger Wirkung zum Präsidenten und CEO ernannt. Penegor, ehemaliger CEO von Wendy's, bringt 20 Jahre Erfahrung in der Restaurant- und Konsumgüterbranche mit. Während seiner Amtszeit bei Wendy's erzielte das Unternehmen ein erhebliches Wachstum bei Umsatz, Gewinn und Restaurantanzahl und expandierte auf über 7.000 Standorte weltweit.
Penegor folgt auf Ravi Thanawala, der seit März 2024 als Interims-CEO tätig war und weiterhin als CFO fungieren wird. Die Ernennung schließt eine umfassende Suche nach einem Führer ab, der das Wachstum von Papa Johns beschleunigen und das volle Potenzial der Marke ausschöpfen soll. Penegor strebt an, die Kundenerfahrungen zu verbessern und die differenzierte Marktposition von Papa Johns im QSR-Bereich zu nutzen.
- Appointment of experienced industry veteran Todd Penegor as CEO
- Penegor's track record of substantial growth at Wendy's
- Expansion of Wendy's to over 7,000 restaurants worldwide under Penegor's leadership
- 12 consecutive years of same-restaurant sales growth at Wendy's
- None.
Former Wendy’s CEO Brings Proven Record Growing Premium QSR Brand, Building Successful Teams and Forging Strong Franchisee Partnerships
Todd Penegor (Photo: Business Wire)
Mr. Penegor, most recently President and Chief Executive Officer of The Wendy’s Company, is a proven leader with 20 years of experience in the restaurant and consumer goods industries. During his tenure as President and Chief Executive Officer of Wendy’s, the company achieved substantial growth in sales, earnings and new restaurant counts, including the expansion of Wendy’s footprint to more than 7,000 restaurants worldwide and the 12th consecutive year of same-restaurant sales growth, among other achievements. Prior to Wendy’s, Mr. Penegor held key leadership roles at Kellogg Company and Ford Motor Company.
“Todd’s appointment as President and Chief Executive Officer successfully concludes an extensive search to identify a proven leader who has the experience, skills and vision to achieve the full potential of the Papa Johns brand and accelerate growth,” said Christopher Coleman, Chair of the Papa Johns Board of Directors. “Todd has an outstanding record of leading winning teams and scaling franchised operations globally through trusted partnerships, product innovation and digital transformation. He has also demonstrated his ability to effectively allocate capital, drive value and enhance profitability. We are excited to welcome Todd to Papa Johns and look forward to his contributions as we work to create significant, sustainable value for our shareholders and franchisees.”
“I am honored to serve as Chief Executive Officer of Papa Johns and work with the Board, our dedicated team members and franchisees to usher in the Company’s next chapter,” said Mr. Penegor. “By consistently delivering on the Better Ingredients. Better Pizza. brand promise, Papa Johns already has the best pizza in the industry. I am committed to providing exceptional customer experiences across all of our offerings and touchpoints to ensure we unlock the full potential of Papa Johns’ differentiated market position. Papa Johns has an exceptional foundation in place, and I’m confident in our ability to win in the QSR space.”
Mr. Coleman continued, “On behalf of the Board of Directors, I thank Ravi for leading the Company during this transition period as Interim Chief Executive Officer over the past five months. We are grateful for his leadership and dedication to Papa Johns, and for his continued service as Chief Financial Officer.”
About Todd Penegor
Mr. Penegor served as President and Chief Executive Officer of The Wendy’s Company from 2016 to 2024, and as Wendy’s Chief Financial Officer from 2013 to 2016.
Prior to Wendy’s, Mr. Penegor held key leadership roles at Kellogg Company from 2000 to 2013, including President of
Prior to Kellogg, Mr. Penegor worked at Ford Motor Company in various capacities within the Company’s finance organization from 1989 to 2000, supporting mergers and acquisitions, global joint ventures and treasury.
Mr. Penegor serves on the board of directors of Ball Corporation (since 2019) and Dutch Bros Inc. (since 2024). Mr. Penegor also formerly served on the board of directors of Perrigo Company.
He holds a Bachelor of Arts in Accounting, and a Master of Business Administration in Finance from Michigan State University.
About Papa Johns
Papa John’s International, Inc. (NASDAQ: PZZA) opened its doors in 1984 with one goal in mind: BETTER INGREDIENTS. BETTER PIZZA.® Papa Johns believes that using high-quality ingredients leads to superior quality pizzas. Its original dough is made of only six ingredients and is fresh, never frozen. Papa Johns tops its pizzas with real cheese made from mozzarella, pizza sauce made with vine-ripened tomatoes that go from vine to can in the same day and meat free of fillers. It was the first national pizza delivery chain to announce the removal of artificial flavors and synthetic colors from its entire food menu. Papa Johns is co-headquartered in
Forward-Looking Statements
Certain matters discussed in this press release which are not historical facts are “forward-looking statements” that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see “Part I. Item 1A. - Risk Factors” of the Annual Report on Form 10-K for the fiscal year ended December 31, 2023. We undertake no obligation to update publicly any forward-looking statements, whether as a result of future events, new information or otherwise.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240801171137/en/
Media Contact:
Janelle Panebianco
Senior Director, External Communications
Papa John’s International
Janelle_Panebianco@papajohns.com
Investor Contact:
Stacy Frole
Vice President, Investor Relations
Papa John’s International
investor_relations@papajohns.com
Source: Papa John’s International, Inc.
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