Gunther Plosch to replace Todd Penegor as CFO on May
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Gunther Plosch, CFO, Wendy's. Photo: Wendy's
The Wendy’s Co. on Tuesday named Gunther Plosch the company’s new chief financial officer.
Plosch, who will join the company on May 2, succeeds Todd Penegor, who is expected to be promoted to CEO to replace the retiring Emil Brolick.
“I am confident that Gunther will be an excellent addition to The Wendy’s Company and our senior leadership team,” Penegor said in a statement. “He brings a wealth of financial leadership experience from the food and consumer packaged goods industries and has a proven track record of driving growth and margin expansion.”
Plosch comes to Wendy’s from the Kellogg Co., where he spent the last 16 years in finance roles, most recently as vice president of global business services. He also spent time as vice president and CFO for the $9.5 billion Kellogg North America business.
Plosch’s appointment continues Wendy’s steady change in leadership. Brolick intends to retire during the company’s annual meeting on May 26. The company plans to promote Penegor in his place.
Penegor plans to transition his CFO duties to Plosch in May.
Plosch began his career at The Procter & Gamble Co. in Austria and joined Kellogg in 2000 as finance director in the United Kingdom division. He is a native of Salzburg, Austria.
Contact Jonathan Maze at [email protected]
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