Wendy's names Bob Wright as new CEO amid sales declines and potential buyout talks.

Wendy's has appointed Bob Wright, former Potbelly CEO, as its new chief executive amid ongoing struggles with declining same-store sales and market share losses to competitors. The move comes as Nelson Peltz's Trian Fund Management explores taking Wendy's private, with the company having lost nearly 35% in share value over the past year. Wright, who successfully led Potbelly through a turnaround, officially starts as Wendy's CEO on Thursday, aiming to revive the burger chain's performance.