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MarketScreener Homepage  >  Equities  >  Nasdaq  >  The Wendy's Company    WEN

THE WENDY'S COMPANY

(WEN)
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Delayed Quote. Delayed Nasdaq - 11/30 04:00:00 pm
21.99 USD   -0.72%
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Wendy : names retired Domino's CIO as its CIO

10/19/2020 | 09:31am EST

The Wendy's Company has named recently retired Domino's Pizza CIO Kevin Vasconi as the burger brand's chief information officer, effective today. As such he will serve as part of Wendy's senior leadership team, a news release said.

Earlier this month, Vasconi retired from his role as executive vice president, CIO at the Ann Arbor, Michigan-based, Domino's Pizza Inc. During his eight years with the pizza brand he oversaw the company's domestic and international

Wendy's CIO Kevin Vasconi(Photo provided).

technology capabilities. Emphasis on technology innovation helped Domino's achieve more than half of all global retail sales in 2019 from digital channels, primarily online ordering and mobile applications. In the U.S. in 2019, Domino's generated over 65% of sales via digital channels.

At Wendy's, Kevin will assume responsibility for all aspects of Wendy's global technology efforts, including consumer-facing digital, restaurant technology, enterprise architecture and technology, and information security.

"Digital technology is a critical growth driver for Wendy's today and will be in the future," Wendy's President and CEO Todd Penegor said in the news release. "Kevin Vasconi is an ideal leader to join our organization and help us advance to the next level. We are confident that his industry-leading experience will help to accelerate the growth we have already seen across technology channels in 2020, and he will lead a talented and well-resourced team focused on the substantial opportunities we see across the globe."

In addition to his restaurant industry expertise with Domino's, Kevin brings more than 30 years of technology experience to Wendy's across multiple industries including automotive, hardware, software and retail. His tenure prior to Domino's includes service as CIO and vice president of engineering for the Stanley Security Solutions division of Stanley Black & Decker as well as senior vice president and CIO at R.L. Polk & Co. and chief technology officer for a number of business units and platforms within the Ford Motor Company.

Wendy's is based in Columbus, Ohio and has more than 6,800 restaurants worldwide.

Copyright © 2020 Networld Media. All rights reserved., source Industry News

Stocks mentioned in the article
ChangeLast1st jan.
DOMINO'S PIZZA INC. 0.54% 392.57 Delayed Quote.33.63%
THE WENDY'S COMPANY -0.72% 21.99 Delayed Quote.-0.99%
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Financials (USD)
Sales 2020 1 736 M - -
Net income 2020 119 M - -
Net Debt 2020 2 234 M - -
P/E ratio 2020 42,1x
Yield 2020 1,32%
Capitalization 4 928 M 4 928 M -
EV / Sales 2020 4,13x
EV / Sales 2021 3,96x
Nbr of Employees 13 300
Free-Float 43,9%
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Technical analysis trends THE WENDY'S COMPANY
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 25,00 $
Last Close Price 21,99 $
Spread / Highest target 27,3%
Spread / Average Target 13,7%
Spread / Lowest Target -13,6%
EPS Revisions
Managers
NameTitle
Todd A. Penegor President, Chief Executive Officer & Director
Nelson Peltz Non-Executive Chairman
Gunther Plosch Chief Financial Officer
J. Kevin Vasconi Chief Information Officer
Peter William May Non-Executive Vice Chairman
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