The compensation for the CEO of Wendy's varies depending on the individual holding the position, especially during a leadership transition. Todd Penegor, the former CEO, had an annual salary of $1.2 million in 2022. The incoming CEO, Kirk Tanner, is set to receive a base salary of $1 million annually.
CEO Compensation Details
Wendy's CEO compensation includes a base salary, which is a significant component of their overall earnings. Beyond the base salary, a CEO's total compensation package often includes performance-based bonuses, stock options, and other benefits, which can substantially increase their total annual income. However, the provided information specifically details their base salaries.
Former CEO: Todd Penegor
Todd Penegor served as the CEO of The Wendy's Company. According to the company's proxy filings, his annual salary in 2022 was $1.2 million.
Incoming CEO: Kirk Tanner
Kirk Tanner is slated to take over as the new CEO of Wendy's on February 5. Tanner, who previously headed PepsiCo Beverages North America, will commence his role with a base salary of $1 million per year. This leadership change marks a new chapter for the fast-food chain.
Overview of CEO Salaries
To provide a clear comparison, here is a summary of the base salaries mentioned for the recent and incoming Wendy's CEOs:
| CEO Name | Role | Base Salary (Annual) | Period/Effective Date |
|---|---|---|---|
| Todd Penegor | Former CEO | $1,200,000 | 2022 |
| Kirk Tanner | Incoming CEO | $1,000,000 | February 5 |
This information reflects the publicly reported base salaries for the chief executives of The Wendy's Company, providing insight into their direct cash compensation component. More detailed compensation breakdowns, including bonuses and equity awards, are typically disclosed in annual proxy statements filed with regulatory bodies, offering a comprehensive view of executive pay structures. For further details on this transition, you can refer to reports from reputable financial news sources like The Wall Street Journal.
