Wendy's International, Inc. Elects Kerrii Anderson as Interim CEO and President, and Jim Pickett as Chairman; Jack Schuessler is Retiring

These actions followed the decision of Jack Schuessler, theCompany's former Chairman and CEO, to retire from Wendy's after morethan 30 years with the organization.

Anderson has served as Executive Vice President, Chief FinancialOfficer and a Board member since 2000. Pickett has been a Wendy'sdirector since 1982, has been its lead director and is Chairman of theNominating and Corporate Governance Committee.

The Board will promptly retain a national firm to conduct a searchfor a permanent CEO. The Company also expects to take steps to furtherenhance its emphasis on operational excellence and the needs ofWendy's outstanding franchisees. In separating the roles of CEO andChairman, Wendy's has also further moved its governance structuretoward current best practices.

"Kerrii has demonstrated excellent strategic management in manykey areas of the corporation over the past six years," said Pickett."She has a passion for the Wendy's business, is committed to strongrelationships with our franchisees, and has the respect and support ofWendy's management team. Our entire Board supports Kerrii in her newrole and we look forward to working with her in the coming months.

"The Board has established two small working committees to assistmanagement in effecting the changes necessary to make Wendy's evenmore vibrant and attractive for customers and franchisees, as well asoptimizing shareholder value," said Pickett.

"The Board and the Company thank Jack for his outstanding serviceto Wendy's over a long and distinguished career. Jack was always sopositive about the Wendy's brand and contributed to our long-termsuccess. His legacy is the strong team that he has built and hiscommitment to the restaurant business and our franchisees. We arepleased to report that Jack has agreed to consult with the Company forthe next two years."

Wendy's strategic initiatives

"Our management team has three key priorities," said Anderson.

"Strengthen Wendy's core business - Our primary objectives areimproving sales and profits at every Wendy's restaurant in the system,working with our franchisees and company operators. Consumers rateWendy's as a superior brand in many areas, but we must confrontreality - the brand has not kept pace with our competitors or themarketplace. The core strength of the Wendy's brand is runningsuperior restaurants and providing our customers with quality - greattasting, innovative products. Every Wendy's restaurant reflects thatcore strength: "Quality Is Our Recipe(R)." While there is no quickfix, we intend to regain positive momentum by improving our restaurantoperations, driving sales by launching new, innovative products ourcustomers want, and focusing on more effective marketing.

"Execute strategic initiatives - In late March we completed theinitial public offering (IPO) of 17.25% of Tim Hortons(R) and expectto spin off the remainder of the company by December 31, 2006. We arealso pursuing strategic alternatives for our Baja Fresh(R) businessand have retained Goldman, Sachs & Co. to assist in the process.Executive management and the Board are also focused on the best way toutilize our strong balance sheet and cash position to benefit theWendy's system and our shareholders. One of the newly created Boardcommittees will support management in effecting these strategicinitiatives.

"Reduce costs throughout the organization - We are making progresson the initial phase of our "Next Chapter" project to reduce costs,improve the Company's profitability and prepare the organization tooperate as a standalone company after the spin-off of Tim Hortons.Booz Allen is working with our management team to validate major costreduction opportunities and process improvements. I will provide moreinformation about our progress during our Annual Meeting ofShareholders on April 27. Our goal is to create value for ourshareholders, employees and our franchisees who have helped build thisgreat brand."

Anderson has managed key corporate functions

Anderson, 48, joined Wendy's in September 2000 as Executive VicePresident and CFO, and was appointed to the Board in November 2000.She has managed key areas of the corporation including StrategicPlanning, Human Resources, Supply Chain, Information Technology andWendy's Bakery. For the past year, the Cafe Express business hasreported to Anderson. For the past six years, Anderson has managed theCompany's Accounting, Finance, Treasury, M&A, Investor Relations, RiskManagement and Internal Audit functions.

She has worked with Wendy's Franchise Advisory Committee andWendy's National Advertising Program and will join both groups.

Prior to joining Wendy's, Anderson was Senior Vice President andChief Financial Officer of M/I Schottenstein Homes, Inc., a $1 billionNYSE company that is one of the nation's leading builders ofsingle-family homes. She was also on the Board of Directors of M/I.

Anderson has an MBA from the Fuqua School of Business at DukeUniversity and a Bachelor of Arts degree in business administrationand accounting from Elon University in North Carolina. Anderson hasserved on the finance committee of the Columbus Foundation and theOhio Health finance committee. She is on the Board of Visitors of theFuqua School of Business at Duke University and the Board of Trusteesof Franklin University.

Pickett has worked with Wendy's since 1982

Pickett, 64, has served on the Wendy's Board of Directors since1982 and was a long-time advisor to Wendy's Founder Dave Thomas.Pickett also provided support to previous Wendy's CEOs Jim Near,Gordon Teter and Schuessler.

He has been lead director for the Wendy's Board and is the Chairof the Nominating and Corporate Governance Committee.

Currently, he is Chairman of The Pickett Realty Advisors Inc. inDublin, Ohio. He has served as President and CEO of The PickettCompanies since 1969. The Pickett Companies are involved in realestate development, ownership and management. At one time, they werethe largest developer of office buildings in Central Ohio, one of theoriginators of the all-suite hotel product and also partnered withPrudential Insurance in a number of office building developmentprojects. Pickett was the Vice Chairman of Banc One Capital Corp. from1993 and 1999. He was also a principal of Stonehenge FinancialHoldings, Inc., an investment management firm, from 1999 to 2004.

The Board of Directors of Tim Hortons is expected to name Pickettas its Chairman, succeeding Schuessler.

Schuessler to retire after 30 years with Wendy's

Schuessler, 55, joined the Wendy's organization in 1976. He heldmany leadership positions at the restaurant and field level, wasPresident and Chief Operating Officer of U.S. Operations, and mostrecently was Chairman and CEO. Schuessler is a member of Wendy's Hallof Fame.

"I am proud to have been part of Wendy's for three decades and tohave worked closely with so many great leaders, including DaveThomas," said Schuessler.

"Since becoming CEO six years ago, we've generated significantvalue for shareholders and I am very optimistic about the future forboth Wendy's and Tim Hortons," said Schuessler. "However, I believe itis the appropriate time to pass the leadership of the brand to thenext generation of leaders as they focus on restaurant operations, aswell as improved profitability and returns. Kerrii and Jim will beexcellent stewards of the business. I wish everyone in theorganization all of the best and will be cheering for Wendy's and TimHortons' future success."

Anderson announces Foley as Principal Accounting Officer

Anderson today announced the appointment of Brendan P. Foley asSenior Vice President, Controller and Assistant Secretary. Foley, 46,will also be the Company's Principal Accounting Officer.

Foley succeeds Dan Boone, 62, who will transition into retirementlater this year working on special assignments as Vice President ofSpecial Projects. Foley was most recently Vice President of TechnicalCompliance and Consolidations. Prior to joining Wendy's, he was VicePresident and Assistant Corporate Controller for Borden, Inc.

Company's Annual Meeting of Shareholders and Earnings Release setfor April 27

The Company will host its Annual Meeting of Shareholders at 9:00am on April 27, at the AMC Theatres in Dublin, Ohio. The meeting willbe webcast at www.wendys-invest.com. The Company will releasefirst-quarter earnings at approximately 10:00 am on April 27. Aconference call for investors is scheduled for at 2:00 p.m. (Eastern)the same day. Investors and the public may participate in theconference call in either one of the following ways - Phone Call: Thedial-in number is 877-572-6014 (U.S. and Canada) or 706-679-4852(International). No need to register in advance. Simultaneous WebCast: Available at www.wendys-invest.com. The call will also bearchived.

Safe Harbor statement

Certain information in this news release, particularly informationregarding future economic performance, plans, expectations andobjectives of management, is forward looking. Factors set forth in ourSafe Harbor under the Private Securities Litigation Reform Act of1995, in addition to other possible factors not listed, could affectthe Company's actual results and cause such results to differmaterially from those expressed in forward-looking statements. Pleasereview the Company's Safe Harbor statement athttp://www.wendys-invest.com/safeharbor.

Wendy's International, Inc. overview

Wendy's International, Inc. is one of the world's largestrestaurant operating and franchising companies with more than 9,900total restaurants and quality brands - Wendy's Old FashionedHamburgers(R), Tim Hortons and Baja Fresh Mexican Grill. The Companyalso has investments in two additional quality brands - CafeExpress(TM) and Pasta Pomodoro(R). More information about the Companyis available at www.wendys-invest.com.

Cafe Express is a trademark of Cafe Express, LLC

Pasta Pomodoro is a registered trademark of Pasta Pomodoro, Inc.