THE WENDY'S COMPANY NAMES KEN COOK CHIEF FINANCIAL OFFICER
The Wendy's Company has appointed Ken Cook as Chief Financial Officer, effective December 2, 2024, replacing Gunther Plosch who served since 2016. Cook joins from UPS, where he was Head of Financial Planning and Analysis, bringing 20 years of finance experience including roles as CFO of UPS's U.S. Domestic segment and South Asia operations. The appointment aligns with Wendy's focus on driving operational performance and improving restaurant profitability. The company will release Q4 and full year 2024 results on February 13, 2025, followed by an Investor Day on March 5, 2025.
Wendy's Company ha nominato Ken Cook come Chief Financial Officer, con decorrenza dal 2 dicembre 2024, sostituendo Gunther Plosch che ha ricoperto il ruolo dal 2016. Cook proviene da UPS, dove era a capo della Pianificazione e Analisi Finanziaria, portando con sé 20 anni di esperienza nel settore finanziario, inclusi ruoli come CFO del segmento domestico statunitense di UPS e delle operazioni in Asia meridionale. Questa nomina si allinea con l'obiettivo di Wendy's di migliorare le performance operative e la redditività dei ristoranti. L'azienda pubblicherà i risultati del quarto trimestre e dell'intero anno 2024 il 13 febbraio 2025, seguito da un Investor Day il 5 marzo 2025.
La compañía Wendy's ha nombrado a Ken Cook como Director Financiero, efectivo a partir del 2 de diciembre de 2024, reemplazando a Gunther Plosch, quien ocupó el cargo desde 2016. Cook proviene de UPS, donde estuvo a cargo de la Planificación y Análisis Financiero, aportando 20 años de experiencia en finanzas, incluidos cargos como CFO del segmento doméstico de UPS en EE. UU. y operaciones en el sur de Asia. Este nombramiento está alineado con el enfoque de Wendy's en impulsar el rendimiento operativo y mejorar la rentabilidad de los restaurantes. La empresa publicará los resultados del cuarto trimestre y del año completo 2024 el 13 de febrero de 2025, seguido de un Día de Inversores el 5 de marzo de 2025.
웬디스 컴퍼니는 켄 쿡을 최고 재무 책임자(Chief Financial Officer)로 임명했으며, 이는 2024년 12월 2일부터 효력이 발생하며, 2016년부터 재직한 군터 플로쉬를 대신하는 것입니다. 쿡은 UPS에서 재무 계획 및 분석 책임자로 재직했으며, UPS의 미국 국내 부문 및 남아시아 운영 CFO로서 20년의 재무 경험을 가지고 있습니다. 이번 임명은 웬디스의 운영 성과 향상 및 레스토랑 수익성 개선에 대한 초점과 일치합니다. 회사는 2025년 2월 13일에 2024년 4분기 및 연간 실적을 발표할 예정이며, 이어서 2025년 3월 5일에 투자자 데이를 개최할 것입니다.
La société Wendy's a nommé Ken Cook en tant que Directeur Financier, effectif à partir du 2 décembre 2024, remplaçant Gunther Plosch qui a occupé ce poste depuis 2016. Cook rejoint l'entreprise en provenance d'UPS, où il était responsable de la Planification et de l'Analyse Financière, apportant 20 ans d'expérience en finance, y compris des rôles en tant que Directeur Financier du segment domestique d'UPS et des opérations en Asie du Sud. Cette nomination s'inscrit dans le cadre de l'orientation de Wendy's vers l'amélioration de la performance opérationnelle et de la rentabilité des restaurants. L'entreprise publiera les résultats du quatrième trimestre et de l'année complète 2024 le 13 février 2025, suivi d'une Journée des Investisseurs le 5 mars 2025.
Die Wendy's Company hat Ken Cook zum Chief Financial Officer ernannt, der am 2. Dezember 2024 in Kraft tritt und Gunther Plosch ersetzt, der seit 2016 im Amt ist. Cook kommt von UPS, wo er als Leiter für Finanzplanung und -analyse tätig war und bringt 20 Jahre Erfahrung im Finanzbereich mit, einschließlich Funktionen als CFO des US-Inlandssegments von UPS und der Südasiatischen Operationen. Die Ernennung steht im Einklang mit Wendys Ziel, die operative Leistung zu steigern und die Rentabilität der Restaurants zu verbessern. Das Unternehmen wird die Ergebnisse des vierten Quartals und des gesamten Jahres 2024 am 13. Februar 2025 veröffentlichen, gefolgt von einem Investorentag am 5. März 2025.
- Appointment of experienced CFO with 20 years of financial expertise
- Strategic focus on improving restaurant profitability and operational performance
- Smooth leadership transition planned with outgoing CFO until year-end
- None.
Insights
The appointment of Ken Cook as CFO appears strategically aligned with Wendy's focus on operational efficiency and growth initiatives. His extensive experience at UPS, particularly in financial planning and analysis for their largest business unit, brings valuable expertise in managing complex logistics and cost structures. Cook's background in investor relations and international operations (South Asia CFO) could prove beneficial as Wendy's pursues global expansion.
The timing of this transition, ahead of the upcoming Investor Day in March 2025, suggests potential new strategic initiatives may be unveiled. The emphasis on "accelerated growth journey" and "expanding margins" in the announcement indicates a possible shift in financial strategy. However, management changes at this level typically take 6-12 months to show meaningful impact on operations.
Cook to Succeed Gunther Plosch Effective December 2
Cook most recently served as Head of Financial Planning and Analysis at United Parcel Service and joins Wendy's with 20 years of experience in roles with increasing responsibility across the Finance organization. In prior roles at UPS, Cook served as Chief Financial Officer for the
"Driving operational performance and improving restaurant profitability are critical to our growth trajectory," said President and CEO Kirk Tanner. "Ken will play a key role across our initiatives to increase revenue and expand margins as we enter the next phase of growth in the
"I am excited for the opportunity to lead the Finance organization of Wendy's as this iconic brand embarks on an accelerated growth journey," said Ken Cook. "I look forward to working with the talented Wendy's system and franchise community to drive profitable growth for our restaurants, teams, and shareowners."
The Company will release its fourth quarter and full year 2024 results on February 13, 2025 and as previously announced, will host an Investor Day on March 5, 2025.
Forward-Looking Statements
This release contains certain statements that are not historical facts, including statements regarding our anticipated future performance and growth. Those statements constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Reform Act"). The forward-looking statements are based on our expectations at the time such statements are made, speak only as of the dates they are made and are susceptible to a number of risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from those expressed or implied in any forward-looking statement. These factors include, but are not limited to, the factors identified in the "Special Note Regarding Forward-Looking Statements and Projections" and "Risk Factors" sections of our Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q and in our other filings with the Securities and Exchange Commission. For all forward-looking statements, the Company claims the protection of the safe harbor for forward-looking statements contained in the Reform Act.
About Wendy's
Wendy's® was founded in 1969 by Dave Thomas in
Visit www.wendys.com and www.squaredealblog.com for more information and connect with us on X and Instagram using @wendys, and on Facebook at www.facebook.com/wendys.
*Fresh beef available in the contiguous
Media Contact:
Heidi Schauer
Vice President – Communications, Public Affairs & Customer Care
(614) 764-3368; heidi.schauer@wendys.com
Investor Contact:
Aaron Broholm
Head of Investor Relations
(614) 764-3345; aaron.broholm@wendys.com
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SOURCE The Wendy’s Company
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