Todd Penegor (left) has joined Dutch Bros as an independent director | Photo credits: Dutch Bros

US drive-thru coffee chain Dutch Bros has appointed former Wendy’s CEO Todd Penegor to its Board of Directors, where he will serve as an independent director.  
 

Penegor joined Ohio-based Wendy’s as Chief Financial Officer in 2013 before serving as President and CEO from May 2016 until his retirement in February 2024. Penegor has also held senior executive roles at breakfast cereal giant Kellogg’s and automotive firm Ford. 

“Todd is a values-based leader who drives performance and results through empowerment. We look forward to leveraging his extensive experience as we continue to build a Board of Directors that understands the unique needs of a high growth company dedicated to scaling not only performance, but culture,” said Christine Barone, CEO, Dutch Bros. 

Penegor’s appointment comes three weeks after Dutch Bros added Red Robin Gourmet Burgers CEO G.J. Hart to its Board of Directors – which now comprises nine members, including co-founder Travis Boersma, Barone and NIKE Chief Legal Officer Ann Miller. 

Oregon-based Dutch Bros posted record first quarter sales in May 2024 as customer footfall and average ticket price increased across its 876-store drive-thru network. The business achieved 39% year-on-year sales growth in the three months ending 31 March 2024 to reach $275.1m, driven by a 10% rise in like-for-like sales.  
 

Dutch Bros expects to open approximately 160 further sites in 2024 and achieve full-year sales above $1.2bn. The drive-thru chain has a longer-term goal of operating 4,000 stores across the US.