Former Wendy’s CEO Joins Dutch Bros Board of Directors
2024年6月25日 - 5:05AM
ビジネスワイヤ(英語)
Dutch Bros Inc. (NYSE: BROS; “Dutch Bros”), a west coast-based
drive-thru beverage company focused on making a massive difference
one cup at a time, has announced the appointment of Todd Penegor to
its Board of Directors, where he will serve as an independent
director. Penegor brings extensive executive leadership experience
from his tenure as President and CEO of The Wendy’s Company
(NASDAQ: WEN), along with previous roles at Kellanova (formerly
Kellogg Company) (NYSE: K) and Ford Motor Company (NYSE: F).
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Todd Penegor (Photo: Business Wire)
“Todd is a values-based leader who drives performance and
results through empowerment. His commitment to focusing on quality
products and quality people is a common thread between his work and
the work we’re doing at Dutch Bros,” said Christine Barone, CEO and
president of Dutch Bros. “We look forward to leveraging his
extensive experience as we continue to build a Board of Directors
that understands the unique needs of a high growth company
dedicated to scaling not only performance, but culture.”
Penegor has more than 20 years of experience in executive
leadership in the food products and consumer goods industries. He
most recently served as President and Chief Executive Officer at
The Wendy’s Company before retiring in February, 2024. He joined
the company in 2013 as Senior Vice President and Chief Financial
Officer. Prior to his tenure at The Wendy’s Company, Penegor held
several key leadership positions at Kellanova (formerly Kellogg
Company) and Ford Motor Company.
“Through my career, I’ve been fortunate to lead great brands
working with strong leaders to unlock accelerated growth, keeping a
focus on people and connecting to the communities we served,” said
Penegor. “I am very excited to partner with Christine and her team
to continue to accelerate the growth of a very special brand.”
In addition to Dutch Bros, Penegor serves on the board of
directors of Ball Corporation (NYSE: BALL), Perrigo Company plc
(NYSE: PRGO), and Michigan State University- Eli Broad College of
Business. Penegor is the second additional independent director
added to the Dutch Bros Board of Directors in recent weeks. G.J.
Hart, President and Chief Executive Officer of Red Robin Gourmet
Burgers, Inc. (NASDAQ: RRGB), was announced as Director and Chair
of the Compensation Committee on June 4, 2024.
About Dutch Bros Inc.
Dutch Bros Inc. (NYSE: BROS) is a high growth operator and
franchisor of drive-thru shops that focus on serving high QUALITY,
hand-crafted beverages with unparalleled SPEED and superior
SERVICE. Founded in 1992 by brothers Dane and Travis Boersma, Dutch
Bros began with a double-head espresso machine and a pushcart in
Grants Pass, Oregon. While espresso-based beverages are still at
the core of what we do, Dutch Bros now offers a wide variety of
unique, customizable cold and hot beverages that delight a broad
array of customers. We believe Dutch Bros is more than just the
products we serve—we are dedicated to making a massive difference
in the lives of our employees, customers and communities. This
combination of hand-crafted and high-quality beverages, our unique
drive-thru experience and our community-driven, people-first
culture has allowed us to successfully open new shops and continue
to share the “Dutch Luv” at 876 locations across 17 states as of
March 31, 2024.
To learn more about Dutch Bros, visit www.dutchbros.com, follow
Dutch Bros on Instagram, Facebook, X, and TikTok, and download the
Dutch Bros app to earn points and score rewards!
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version on businesswire.com: https://www.businesswire.com/news/home/20240624176723/en/
For Media Relations Inquiries:
Jessica Liddell of ICR 203.682.8208
jessica.liddell@icrinc.com
Dutch Bros (NYSE:BROS)
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