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Trian Partners founder and billionaire investor Nelson Peltz has resigned as non-executive chairman of The Wendy’s Company (NASDAQ:WEN), a position he served for over a decade, the U.S. fast food chain announced late Friday.
The company added that the 82-year-old activist investor, who became Wendy’s (WEN) non-executive chairman in 2007, is resigning to spend more time on the future of his hedge fund and other board commitments.
Arthur Winkleblack, who has served as Wendy’s (WEN) lead independent director since October 2023 and a board member since 2026, is succeeding Peltz.
The Dublin, Ohio-based quick-service restaurant operator named Peltz as Chairman Emeritus “in recognition of his long-time leadership, counsel, guidance, and contributions to the Board and the Company.”
“Nelson has been an effective and collaborative Ieader, and Wendy’s has greatly benefited from his strategic vision and operational skills,” said CEO Kirk Tanner, adding, “We are immensely grateful to Nelson for his many contributions to Wendy’s over the years.”
