Latest news with #PeteSuerken
Yahoo
3 days ago
- Business
- Yahoo
The Wendy's Company (WEN) Accelerates International Expansion with 190 New Global Stores
We recently compiled a list of The Wendy's Company (NASDAQ:WEN) stands fourth on our list. The Wendy's Company (NASDAQ:WEN), a global fast-food brand known for its fresh ingredients and square-shaped burgers, is undergoing significant leadership changes while pushing forward with aggressive international expansion. Founded in 1969 and based in Dublin, Ohio, the company is adapting to shifting market dynamics by focusing on global growth and operational innovation. In July 2025, Pete Suerken was appointed President of The Wendy's Company (NASDAQ:WEN) U.S. operations, succeeding longtime executive Abigail Pringle. Suerken brings over two decades of experience in the restaurant supply chain and previously led the company's Quality Supply Chain Co-op. His leadership, alongside Interim CEO Ken Cook, is expected to drive stronger operational performance following CEO Kirk Tanner's departure. To offset softness in the U.S. market, the business is prioritizing international franchising as a key growth strategy. The company recently signed deals to open 190 new restaurants, 170 in Italy and 20 in Armenia, marking a major milestone in its goal to reach 2,000 international units by 2028. The first Italian locations will debut in Milan by mid-2026. By partnering with regional operators like Your Food S.R.L. and Wen Restaurant LLC, the corporation is strategically entering high-potential markets across Europe and the EMEA region. Jonathan Weiss/ Domestically, The Wendy's Company (NASDAQ:WEN) added 28 new U.S. restaurants in Q1 2025 and is rolling out its 'Global Next Gen' design, which features digital menu boards, self-order kiosks, and the FreshAi ordering assistant. These enhancements aim to improve customer experience, boost efficiency, and reduce energy costs. While we acknowledge the potential of WEN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. 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
Yahoo
24-07-2025
- Business
- Yahoo
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
Globe and Mail
23-07-2025
- Business
- Globe and Mail
Wendy's Appoints Pete Suerken as U.S. President
Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Wendy's ( (WEN)) has shared an update. On July 22, 2025, Wendy's announced the appointment of Pete Suerken as President, U.S., succeeding Abigail Pringle, who will depart the company after a transition period. Suerken, who has a strong background in supply chain management and innovation, is expected to drive profitability and growth for Wendy's U.S. operations. This leadership change aims to enhance Wendy's operational excellence and strategic priorities, benefiting franchisees, employees, and shareholders. The most recent analyst rating on (WEN) stock is a Hold with a $18.00 price target. To see the full list of analyst forecasts on Wendy's stock, see the WEN Stock Forecast page. Spark's Take on WEN Stock According to Spark, TipRanks' AI Analyst, WEN is a Neutral. The overall score is driven by stable financial performance and attractive valuation, offset by technical indicators suggesting bearish trends. Earnings call highlights mixed sentiment, with strategic growth plans facing near-term challenges, particularly in the U.S. market. To see Spark's full report on WEN stock, click here. More about Wendy's Wendy's, founded in 1969 by Dave Thomas in Columbus, Ohio, is a prominent player in the fast-food industry, known for its made-to-order square hamburgers, fresh salads, and signature items like chili and Frosty desserts. The company operates over 7,000 restaurants worldwide and is committed to quality and positive social impact, notably through the Dave Thomas Foundation for Adoption. Average Trading Volume: 6,082,004 Technical Sentiment Signal: Sell Current Market Cap: $2.01B See more insights into WEN stock on TipRanks' Stock Analysis page. Disclaimer & Disclosure Report an Issue
Fast Company
23-07-2025
- Business
- Fast Company
Wendy's and Netflix's ‘Wednesday' team up for a not-so-happy meal
What happens when the wittiest fast food chain in the country and one of television's sassiest characters come together? A not-so-happy meal. Restaurant chain Wendy's announced a forthcoming collaboration with Netflix's Wednesday ahead of the show's new season release. In Wendy's disruptive fashion, the brand did not shy away from irreverent packaging and gothic names, with plans to launch a 'Meal of Misfortune' on August 11. The collaboration comes after a series of announced administrative changes at Wendy's, a company currently valued at $2.1 billion. On July 18, the company's CEO, Kirk Tanner, stepped down after a little over a year in the position. Ken Cook, Wendy's chief financial officer—who had less than a year in that position and no previous restaurant experience— took over as interim CEO while the board continues to look for a permanent replacement. In addition to the C-suite changes, Wendy's has seen positive growth in its share price, up by 4.06% the time of publishing. The uptick follows the previous day's announcement of Pete Suerken as Wendy's new U.S. president, who will report to the current CEO. Online chatter has also helped the stock, with increased mentions on the popular retail investment subreddit r/wallstreetbets. The subreddit, which identifies itself as 'like 4chan found a Bloomberg Terminal,' plays an outsized role in promoting so-called meme stocks. Just this week, several stocks have seen surprising gains thanks in part to online retail investors, including a boost for retailer Kohl's and donut maker Krispy Kreme. 'Nothing happy about this meal' The Wednesday Addams collaboration is set to feature various Addams-family-inspired treats. For instance, the collab's dips are named 'You Can't Hyde,' 'This Will Sting,' 'Grave Mistake,' and 'Nowhere to Woe,' an ode to the character's dark humor. The meal will also include an order of nuggets dubbed 'Rest in 10-Piece,' 'Cursed & Crispy' fries, and a 'Raven's Blood' Frosty. 'This isn't a typical collaboration, because not just any brand could scheme up a Meal of Misfortune with Wednesday Addams,' Liz Geraghty, Wendy's International Chief Marketing Officer, said in a statement. The meal's packaging also boasts Addams fashion, featuring a black and purple color palette for the containers, as well as a carrier bag veiled with the fictional character's iconic white collar and black dress combo. The phrase 'there is nothing happy about this meal,' accompanies the bag's design, an irreverent nod to the iconic Happy Meal from competitor McDonald's. 'For a brand that's proudly customer-obsessed and unapologetically bold, it was a match made in dark, dry-witted heaven,' Geraghty added.
Yahoo
22-07-2025
- Business
- Yahoo
THE WENDY'S COMPANY NAMES PETE SUERKEN PRESIDENT, U.S.
DUBLIN, Ohio, July 22, 2025 /PRNewswire/ -- The Wendy's Company (Nasdaq: WEN) announced the appointment of Pete Suerken as President, U.S., effective today. He will report to interim Chief Executive Officer Ken Cook and serve on the Wendy's® Senior Leadership Team. Suerken will succeed Abigail Pringle, who has served as President, U.S. since 2024 and will depart the Company in the coming weeks to pursue other opportunities after a transition period with Suerken. PR NEWSWIRE (PRNewsfoto/The Wendy's Company) Suerken has served as President and CEO of Wendy's Quality Supply Chain Co-op ("QSCC"), the independent purchasing cooperative for the Wendy's system, since 2021. QSCC works closely with Company operators and franchisees, leading supply chain and distribution activities for Wendy's restaurants around the globe. He has a proven track record of transforming operations, building profitability and leading innovation, spanning more than two decades in the food, beverage and restaurant industries. Prior to joining QSCC, Pete served as president of Resin Technology Inc. (RTI), a leading packaging and materials provider. Prior to his time at RTI, Pete spent 13 years at Restaurant Supply Chain Solutions (RSCS), the co-op of Yum! Brands. "Delivering exceptional customer experiences, increasing restaurant-level profitability and accelerating growth are crucial priorities for our U.S. business," said interim Chief Executive Officer Ken Cook. "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 continued, "I want to thank Abigail Pringle for her 23 years of commitment to our brand. She has helped strengthen our system and modernize our restaurants. 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. We are grateful for her many contributions to our company, employees and franchisees." "The opportunity to lead the U.S. business for this iconic brand is exciting and humbling," said Pete Suerken. "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."
