Papa John’s names Todd Penegor as new president and CEO
Having most recently served as president and CEO of Wendy’s, Todd Penegor has 20 years of experience in the restaurant and consumer goods industry
Papa John’s has announced the appointment of Todd Penegor as its new president and chief executive officer, effective immediately.
Penegor succeeds interim CEO Ravi Thanawala in the role. Having held the role since March of this year, Thanawala will continue at the group in his chief financial officer role.
Having most recently served as president and CEO of Wendy’s, Penegor has 20 years of experience in the restaurant and consumer goods industry.
At Wendy’s, Penegor achieved “substantial” growth in sales, earnings and new restaurant counts, including the expansion of its footprint to more than 7,000 restaurants worldwide.
Prior to his time at Wendy’s, Penegor held key leadership roles at Kellogg Company and Ford Motor Company.
Christopher Coleman, chair of Papa John’s, said: “Todd’s appointment as president and CEO successfully concludes an extensive search to identify a proven leader who has the experience, skills and vision to achieve the full potential of the Papa Johns brand and accelerate growth.
“Todd has an outstanding record of leading winning teams and scaling franchised operations globally through trusted partnerships, product innovation and digital transformation. We are excited to welcome Todd to Papa Johns and look forward to his contributions as we work to create significant, sustainable value for our shareholders and franchisees.”
Penegor added: “I am honoured to serve as CEO of Papa John’s and work with the board, our dedicated team members and franchisees to usher in the company’s next chapter.
“ I am committed to providing exceptional customer experiences across all of our offerings and touchpoints to ensure we unlock the full potential of Papa Johns’ differentiated market position. Papa Johns has an exceptional foundation in place, and I’m confident in our ability to win in the QSR space.”