Papa John’s International (PZZA) just unveiled an update.
Papa John’s International, Inc. has appointed seasoned executive Todd A. Penegor as its President, CEO, and Director, effective July 31, 2024. Penegor brings extensive experience to the role, having previously led The Wendy’s Company as CEO and been a part of Kellogg Company’s leadership. His employment agreement includes a $1 million base salary, significant annual incentives, and equity awards, with a comprehensive benefits package and severance terms. Penegor’s appointment aims to bring strategic leadership to Papa John’s as the company continues to grow in the competitive food industry market.
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