Wendy’s president resigns after chain posts smallest quarterly gain in six years

Wendy’s International Inc.’ s Tom Mueller, who served as president and chief operating officer since 2000, resigned after the No. 3 hamburger U.S. chain posted its smallest quarterly sales gain in six years in July. Chief Executive Jack Schuessler, right, will take over for Mr. Mueller, 53, on an interim basis, the Dublin, Ohio-based company said Mr. Schuessler said he will manage the flagship business and try to reinvigorate sales growth while the company looks for a replacement. Sales at Wendy’s owned restaurants open more than a year dropped for three consecutive quarters including a 4.6% second-quarter decline. In July, the company cut its annual profit forecast.