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Will a New CEO Make a Difference at Wendy’s?

Wendy’s Co. (NASDAQ: WEN) has greatly changed its steps in recent years. Now the company’s chief executive officer is retiring, and many investors will have to determine what this really means for the company’s positioning in the future.

An announcement Monday morning showed that Emil Brolick, president and CEO of Wendy’s, will retire from management in May 2016. Rather than making an announcement of an executive search, Wendy’s already said that Brolick is expected to be succeeded Chief Financial Officer Todd Penegor.

Keeping a team internally has its benefits. It often means that what is being done and has been done will remain in place. After all, an outsider may want to make big changes. Another disclosure was that Penegor would transition into the replacement of Brolick starting in the first quarter of 2016.

Wendy’s did say that Brolick would continue to serve on its board of directors upon his retirement. What has occurred in an executive search is that Wendy’s is currently conducting an external search for a new CFO.

One thing that has taken place under Brolick’s current four-year tenure is that he joined Wendy’s right after the Arby’s sale. He helped with leading menu changes, led the revamping and updating of the restaurants and moved toward being a franchise model rather...