Wendy's names Steve Cirulis CFO and Chief Strategy Officer, succeeding Ken Cook
Wendy's appointed Steve Cirulis as Chief Financial Officer and Chief Strategy Officer effective June 23, 2026, replacing Ken Cook, whose employment the board terminated without cause effective July 31, 2026. Cook will remain in an advisory role through July, and the company says he will receive 24 months of salary continuation. A CFO change is a significant leadership transition for shareholders, though the filing contains no financial results.
Key points
- Steven W. Cirulis, age 55, becomes CFO and Chief Strategy Officer effective June 23, 2026; the board approved the appointment June 19, 2026
- Cirulis' employment letter sets a base salary of $675,000 and a target bonus of 90% of base salary, with a payout range of zero to 200% of target
- Initial annualized long-term incentive grant target fair value is $1,650,000
- Ken Cook's employment was terminated without cause effective July 31, 2026, with 24 months of salary continuation instead of 12
The filing
Written by AI on Nov 8, 2026, 6:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 23, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.