Dutch Bros Inc. has announced the appointment of Todd Penegor to its Board of Directors, where he will serve as an independent director. Penegor brings extensive executive leadership experience from his tenure as President and CEO of The Wendy?s Company, along with previous roles at Kellanova and Ford Motor Company. Penegor has more than 20 years of experience in executive leadership in the food products and consumer goods industries.

He most recently served as President and Chief Executive Officer at The Wendy?s Company before retiring in February, 2024. He joined the company in 2013 as Senior Vice President and Chief Financial Officer. Prior to his tenure at The Wendy?s Company, Penegor held several key leadership positions at Kellanova (formerly Kellogg Company) and Ford Motor Company.

In addition to Dutch Bros, Penegor serves on the board of directors of Ball Corporation, Perrigo Company plc, and Michigan State University- Eli Broad College of Business. Penegor is the second additional independent director added to the Dutch Bros Board of Directors in recent weeks. G.J. Hart, President and Chief Executive Officer of Red Robin Gourmet Burgers Inc. was announced as Director and Chair of the Compensation Committee on June 4, 2024.