Wendy's Boss Gets $3.9 Million
04/29/2008 06:52:02
COLUMBUS, Ohio (AP) -- Kerrii Anderson, who has led Wendy's International Inc. through a tumultuous two years leading to last week's announcement that the chain would be sold, received compensation worth $3.9 million in 2007.
The company announced Anderson's earnings in a regulatory filing yesterday.
Since Anderson took over in April 2006, the nation's third-largest hamburger chain has completed the spinoff of the Tim Hortons coffee-and-doughnut chain, sold its money-losing Baja Fresh Mexican Grill chain and cut 355 corporate jobs.
Last week, Atlanta-based Triarc Companies Inc. said it will pay about $2.34 billion in an all-stock deal for Wendy's.
Triarc CEO Roland Smith will become CEO of both brands. The deal is expected to close in the second half of the year.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
APTV-04-29-08 0131EDT
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