Trian Fund Management is Wendy’s largest shareholder
Nelson Peltz’s Trian Fund Management will not pursue a takeover of Wendy’s Co., the activist hedge fund said Friday.
Peltz is Wendy’s WEN non-executive chairman, as well as CEO of Trian Fund Management , which is Wendy’s largest shareholder. Last year Trian, which owns 19.4% of the company’s shares, pushed for a possible sale of Wendy’s. On Friday, Wendy’s also announced that it is embarking on a redesign of its organizational structure. “The redesign will be made in an effort to better support the execution of the Company’s long-term growth strategy by maximizing organizational efficiency and streamlining decision making,” the company said, in the statement. “As a result of the redesign, the Company anticipates its 2023 and 2024 G&A will be relatively flat versus 2022, despite elevated inflationary pressures,” it added.
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