– USA, OR – Dutch Bros Inc. (NYSE: BROS), a West Coast-based drive-thru beverage company focused on making a massive difference one cup at a time, announced the appointment of Todd Penegor to its Board as an independent director, bringing extensive executive leadership experience.
“Todd is a values-based leader who drives performance and results through empowerment. His commitment to focusing on quality products and quality people is a common thread between his work and the work we’re doing at Dutch Bro. 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 cultures,” said CEO Christine Barone.
About Todd Penegor
Todd Penegor has more than 20 years of experience in executive leadership in the food products and consumer goods industries. He most recently served as President and CEO at The Wendy’s Company before retiring in February 2024. He joined the company in 2013 as SVP and CFO. Before his tenure at The Wendy’s Company, Penegor held several key leadership positions at Kellanova (formerly Kellogg Company) and Ford Motor Company.
“Through my career, I’ve been fortunate to lead great brands working with strong leaders to unlock accelerated growth, keeping a focus on people and connecting to the communities we served,” said Todd Penegor. “I am very excited to partner with Christine and her team to continue to accelerate the growth of a very special brand.”
Todd Penegor serves on the board of directors of Ball Corporation (NYSE: BALL), Perrigo Company plc (NYSE: PRGO), and Michigan State University- Eli Broad College of Business. Penegor is the second additional independent director added to the Dutch Bros Board of Directors in recent weeks. G.J. Hart, President and CEO of Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB), was announced as Director and Chair of the Compensation Committee on June 4, 2024.
About Dutch Bros Inc.
Dutch Bros Inc. is a high-growth operator and franchisor of drive-thru shops that focus on serving high QUALITY, hand-crafted beverages with unparalleled SPEED and superior SERVICE. Founded in 1992 by brothers Dane and Travis Boersma, Dutch Bros began with a double-head espresso machine and a pushcart in Grants Pass, Oregon. While espresso-based beverages are still at the core of what we do, Dutch Bros now offers a wide variety of unique, customizable cold and hot beverages that delight a broad array of customers. We believe Dutch Bros is more than just the products we serve—we are dedicated to making a massive difference in the lives of our employees, customers, and communities. This combination of hand-crafted and high-quality beverages, our unique drive-thru experience, and our community-driven, people-first culture has allowed us to successfully open new shops and continue to share the “Dutch Luv” at 876 locations across 17 states as of March 31, 2024.
For more: https://www.dutchbros.com/
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