New Wendy's CFO Was Formerly a Senior Executive at Wal-Mart
DUBLIN, OHIO, April 17 /CNW/ - Wendy's International, Inc. (NYSE: WEN)
today announced it has named Jay Fitzsimmons as Executive Vice President and
Chief Financial Officer.
Fitzsimmons comes to Wendy's after serving for more than 12 years as
senior vice president and treasurer at Wal-Mart Stores, Inc., where he had
responsibility for treasury, planning, financial analysis, investor relations,
financial operations and corporate mergers and acquisitions. Wal-Mart grew
revenues from $64 billion to more than $350 billion during his tenure at the
Prior to his arrival at Wal-Mart, Fitzsimmons worked as a sell-side
analyst covering the restaurant and hospitality industry. He has also served
as a senior officer and chief financial officer of several publicly and
privately held restaurant companies, including S&A Restaurants, National Pizza
Company (the largest Pizza Hut franchisee), Sea Galley Stores and Flakey
At Wendy's, Fitzsimmons will oversee the functions of Accounting,
Finance, Internal Audit, Tax, Treasury and Information Technology, and will
serve as a member of the strategic planning committee. He will report to Chief
Executive Officer and President Kerrii Anderson.
"Jay's experience in a senior leadership position with the largest
retailer in the world, as well as his restaurant industry background, make him
uniquely suited for Wendy's CFO role," Anderson said.
"We are excited about the experienced leadership and expertise that Jay
will provide. We look forward to him joining our team."
Fitzsimmons holds an M.B.A. from the University of Chicago and a B.S. in
accounting from the University of Notre Dame. He is on several boards,
including the Advisory Board at The University of Chicago Graduate School of
Business, as well as the Business Consortium Fund (BCF), a nonprofit
organization that provides funding to minority and women-owned businesses. BCF
is an affiliate of the National Minority Diversity Council.
Safe Harbor statement
Certain information in this news release, particularly information
regarding future economic performance and finances, and plans, expectations
and objectives of management, is forward looking. Factors set forth in our
Safe Harbor under the Private Securities Litigation Reform Act of 1995, in
addition to other possible factors not listed, could affect the Company's
actual results and cause such results to differ materially from those
expressed in forward-looking statements. Please review the Company's Safe
Harbor statement at http://www.wendys-invest.com/safeharbor.
Wendy's International, Inc. overview
Wendy's International, Inc. is one of the world's largest and most
successful restaurant operating and franchising companies. More information
about the Company is available at www.wendys-invest.com.
For further information:
For further information: Wendy's International, Inc. Investor Contact:
John Barker, 614-764-3044 firstname.lastname@example.org or David Poplar, 614-764-3547
email@example.com or Media Contact: Denny Lynch, 614-764-3553