F Ford Motor Company

Wendy's Co. officially tapped finance chief Todd Penegor to become the fast-food chain's chief executive, part of a previously announced succession plan for the retiring Emil Brolick.

Mr. Penegor, who joined the burger chain in 2013 from cereal giant Kellogg Co., last year was announced as the next CEO when Mr. Brolick's plans to retire in mid-2016 were disclosed. Mr. Penegor had been expected to officially to take the helm after his previous role was filled.

Wendy's in April appointed another Kellogg executive, Gunther Plosch, as its new finance chief, with plans for Mr. Penegor to transfer his duties this month.

Mr. Brolick, who had been CEO since September 2011, reshaped the company by divesting most of its restaurants to franchisees and revamping its stores.

Mr. Penegor joined Wendy's in June 2013 and was named finance chief that September. He was named head of its international business in December 2014. Before that, Mr. Penegor worked at Kellogg from 2000 to 2013 in roles including president of U.S. snacks, chief financial officer of Kellogg Europe and chief financial officer of Kellogg USA. Prior to Kellogg, Mr. Penegor worked at Ford Motor Co. in various positions.

Write to Tess Stynes at tess.stynes@wsj.com

(END) Dow Jones Newswires

May 26, 2016 10:15 ET (14:15 GMT)

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