Nelson Peltz's Trian Fund Management is seeking funding to take Wendy's private, according to a Financial Times report.

Robert Wright, who previously served as Wendy's chief operating officer, takes over as the chain works to reverse a U.S. sales slump

The new CEO officially takes the reins on May 21, replacing interim boss Kenneth Cook, who stepped in after former CEO Kirk Tanner jumped ship last year to lead Hershey