The base salary for Wendy's current CEO, Kirk Tanner, is $1 million a year. For reference, the previous CEO, Todd Penegor, had an annual salary of $1.2 million in 2022.
Understanding Wendy's CEO Compensation
The compensation of a company's chief executive officer (CEO) is a key indicator of leadership investment and corporate structure. For a major fast-food chain like Wendy's, CEO salary figures are publicly disclosed and reflect the company's financial performance and strategic direction.
Transition in Leadership
Wendy's recently underwent a leadership transition. Kirk Tanner, formerly heading PepsiCo Beverages North America, assumed the role of CEO on February 5. This change brings a new compensation structure for the top executive role.
- Kirk Tanner (Current CEO): His base salary is set at $1 million per year. This figure represents his guaranteed annual income for the role.
- Todd Penegor (Previous CEO): In 2022, Todd Penegor, the outgoing CEO, had an annual salary of $1.2 million. This information was reported in Wendy's most recent proxy filing.
It's important to note that a CEO's total compensation often includes more than just a base salary, such as bonuses, stock options, and other long-term incentives, which can significantly increase their overall earnings. The figures provided here specifically refer to the reported annual base salaries.
For a clearer overview of the recent CEO salaries at Wendy's, refer to the table below:
| CEO Name | Role | Annual Base Salary | Year/Effective Date | Source Information |
|---|---|---|---|---|
| Kirk Tanner | Current CEO | $1,000,000 | Effective Feb. 5 | Base salary upon taking over the CEO role. |
| Todd Penegor | Previous CEO | $1,200,000 | 2022 | Annual salary as reported in Wendy's most recent proxy filing. |
This information helps to provide a comprehensive answer to how much Wendy's CEO makes annually, considering both the recent past and the current leadership. Further details on executive compensation packages, including stock awards and performance-based incentives, are typically available in a company's annual proxy statements filed with the U.S. Securities and Exchange Commission (SEC). This specific information on the base salaries of both the incoming and outgoing CEOs was reported by sources like The Wall Street Journal.
