Dublin, Ohio — The Wendy’s Company has appointed Todd Penegor as chief executive officer of the company, in addition to his current role as president. Additionally, Emil Brolick has retired from management duties with the company.
restaurants
Denver — Smashburger, the rapidly expanding better burger restaurant, has appointed Gregg Koffler to the position of senior vice president of franchise sales & administration, effective immediately. Previously, he oversaw franchise sales for Corner Bakery Café.
Southfield, Mich. — Diversified Restaurant Holdings, Inc. has formed a management succession plan that advances CFO David G. Burke to president and CEO on January 1, 2017, or upon the selection of a new CFO, whichever comes first. The current chairman, president and CEO, Michael Ansley, will remain as chairman of the board after the transition.
Atlanta — Arby’s Restaurant Group, Inc. (ARG), parent company of the franchisor of the Arby’s brand, has signed an international franchise development agreement to open 25 new Arby’s restaurants in the State of Kuwait and Kingdom of Saudi Arabia over the next 7 years.