Papa John’s Worldwide Inc. has named Todd Penegor as president and CEO. Penegor, most not too long ago president and CEO of The Wendy’s Firm, has greater than 20 years of expertise within the restaurant and shopper items industries, in line with a press launch.
Penegor succeeds Ravi Thanawala, who has served as interim CEO since March 2024 and can proceed his position as CFO.
“Todd’s appointment as president and chief govt officer efficiently concludes an intensive search to determine a confirmed chief who has the expertise, abilities and imaginative and prescient to realize the complete potential of the Papa Johns model and speed up development,” Christopher Coleman, chair of the Papa Johns Board of Administrators, stated within the press launch. “Todd has an excellent report of main profitable groups and scaling franchised operations globally by trusted partnerships, product innovation and digital transformation. He has additionally demonstrated his skill to successfully allocate capital, drive worth and improve profitability. We’re excited to welcome Todd to Papa Johns and sit up for his contributions as we work to create important, sustainable worth for our shareholders and franchisees.”
Penegor stated he’s honored to function CEO of Papa Johns and plans to usher within the subsequent chapter for the corporate.
“By persistently delivering on the Higher Elements. Higher Pizza. model promise, Papa Johns already has the perfect pizza within the business,” he stated within the press launch. “I’m dedicated to offering distinctive buyer experiences throughout all of our choices and touchpoints to make sure we unlock the complete potential of Papa Johns’ differentiated market place. Papa Johns has an distinctive basis in place, and I am assured in our skill to win within the QSR house.”
Previous to Wendy’s, Penegor held key management roles at Kellogg Firm and Ford Motor Firm.
Papa Johns has greater than 5,900 eating places in roughly 50 nations and territories.