Wendy's names Robert Wright as CEO with $1M salary and $5.5M equity package

Filed May 20, 2026 · Period ending May 17, 2026 · ~1 min read

Key Changes

• high

  Robert D. Wright appointed President and CEO effective May 21, 2026, replacing interim CEO Kenneth Cook who returns to CFO role. Wright, 58, previously served as Wendy's COO and most recently led Potbelly Corporation as CEO.

  Item 5.02 verify on EDGAR →
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  Wright's compensation includes $1M base salary and 175% target bonus (up to 200% max), plus $5.5M in equity awards: $3.1M in performance shares, $900K in restricted stock, and $1.5M in stock options vesting over three years.

  Item 5.02: Employment Letter verify on EDGAR →
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  Wright also elected to Board of Directors, serving until 2027 annual meeting on Capital and Investment and Executive Committees, with no additional compensation for board service.

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