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3 Ways to Mitigate Executive Turnover

3 Ways to Mitigate Executive Turnover

Summary.
An experienced C-suite is a proven driver of performance, but retaining senior leaders is becoming harder. According to a Gartner survey, 56% of executives say they are likely or extremely likely to leave their current role in the next two years. Even more...more
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Wendy's names Pete Suerken president U.S., succeeding Abigail Pringle
Wendy's names Pete Suerken president U.S., succeeding Abigail Pringle

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Wendy's names Pete Suerken president U.S., succeeding Abigail Pringle

You can find original article here Nrn. Subscribe to our free daily Nrn newsletter. The Wendy's Co. has named Pete Suerken as president of its U.S. operations, the company said Tuesday, and he will succeed Abigail Pringle, who will leave after a transition period. The Dublin, Ohio-based burger brand said Suerken will report to interim CEO Ken Cook. Pringle had served as president of the U.S. restaurants since 2024 and will be leaving to pursue other opportunities, the company said. Suerken has served as president and CEO of Wendy's Quality Supply Chain Co-op, the independent purchasing cooperative for the Wendy's system, since 2021. QSCC works with company operators and franchisees, leading supply chain and distribution activities for Wendy's restaurants. Prior to joining QSCC, Suerken served as president of Resin Technology Inc., a packaging and materials provider. Prior to his time at RTI, Suerken spent 13 years at Restaurant Supply Chain Solutions, the co-op of Yum! Brands Inc. "Delivering exceptional customer experiences, increasing restaurant-level profitability and accelerating growth are crucial priorities for our U.S. business," Cook said in a statement. "I am confident Pete will lead our business with operational excellence and intensity, helping us achieve our long-term strategic priorities to create value for our franchisees, employees, and shareholders.' Cook thanked Pringle for her 23 years with Wendy's. 'She has helped strengthen our system and modernize our restaurants,' Cook said. 'Abigail has been a key leader of restaurant development at Wendy's, including our Image Activation journey and creation of the modern restaurant image for the brand. She transformed our international business and put a solid structure in place to optimize restaurant performance in the U.S.' Wendy's is scheduled to release its second-quarter earnings Aug. 8. "The opportunity to lead the U.S. business for this iconic brand is exciting and humbling," Suerken said. "I have had the privilege to serve our franchisees and company operators as CEO of QSCC for the past five years and now look forward to working with them as president U.S. to drive profitable growth for our restaurants while continuing to build a high-performance culture and best-in-class customer experience." Wendy's, founded in 1969, has more than 7,000 restaurants worldwide. Contact Ron Ruggless at Follow him on X/Twitter: @RonRuggless Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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