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Wendy's CEO Emil Brolick to Hand Reins to Finance Chief in 2016

Wendy’s Co. Chief Executive Officer Emil Brolick will step down from running the third-largest U.S. burger chain next year, handing the reins to Chief Financial Officer Todd Penegor.

The transition will begin in the first quarter of 2016, ahead of Brolick’s retirement in May, the Dublin, Ohio-based company said in a statement Monday. Wendy’s is currently seeking a CFO to replace Penegor, 50.