The Wendy's Company has announced that David Karam, president of North America, will be leaving the company, effective as of the end of 2011. Karam intends to return to his Cedar Enterprises business, which operates 151 Wendy's restaurants in six states.
"David provided excellent leadership to the organization during a critical time in the company's history. He drove significant improvements in Wendy's financial performance by implementing a disciplined and thorough business review process throughout the system. He also improved store operations and focused the brand on higher quality products such as Wendy's Natural Cut Fries, Premium Salads and Dave's Hot 'N Juicy cheeseburgers," said Emil Brolick, president and CEO.
Wendy's will not replace Karam's position. Brolick will assume direct management responsibility for leading the business.
"The Wendy's business is considerably stronger today due to the many strategic initiatives we've implemented," Karam said. "I believe the brand is poised to continue growing and producing improved results."
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