US Stocks: Wendy's surges 20% pre-market as veteran industry insider to become Chief Financial Officer

Glonghui, June 24th – Shares of a certain US fast food chain surged 20% pre-market to $7.51. According to reports, the company announced the appointment of industry veteran Steve Cirulis as Chief Financial Officer, effective immediately. Currently, the chain is facing the dual challenges of weak demand and pressure from activist investors. This appointment follows the company’s move last month to name industry veteran Robert Wright as President and Chief Executive Officer.