Wendy's appoints Steve Cirulis as CFO, replacing Ken Cook who departs after 2-year tenure

Filed June 23, 2026 · Period ending June 19, 2026 · ~1 min read

Key Changes

• high

  Steve Cirulis appointed CFO and Chief Strategy Officer effective June 23, 2026, bringing track record from Potbelly turnaround where he partnered with current CEO Wright to deliver 500%+ share price increase and double-digit unit volume growth.

  Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
• high

  Ken Cook terminated without cause as CFO after serving since 2024, receiving enhanced 24-month severance (versus standard 12 months) recognizing his prior service as Interim CEO from July 2025 to May 2026.

  Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
• medium

  Cirulis compensation includes $675,000 base salary, 90% target bonus (0-200% range), and $1.65M annualized long-term incentive grant comprising performance shares, restricted stock, and options.

  Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →