Triarc’s CEO and president resign
From Times Wire Services
Fast-food chain operator Triarc Cos. said billionaire investor Nelson Peltz resigned as chairman and chief executive and would be succeeded as CEO by Roland Smith, chief executive of Arby’s Restaurant Group Inc.
The changes had been expected as part of a restructuring plan and were outlined in a Securities and Exchange Commission filing May 1. Triarc is repositioning itself as a pure-play restaurant operator from a more diversified investment manager.
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