Triarc Announces Plans for Key Leadership Positions at Wendy's upon Completion of Merger...

Friday July 25, 11:09 am ET J. David Karam to be President; Stephen D. Farrar to be Chief Operating Officer; and Ken C. Calwell to be Chief Marketing Officer ATLANTA--(BUSINESS WIRE)--Triarc Companies, Inc. (NYSE: TRY, TRY.B, "Triarc"), the franchisor of the Arby’s® restaurant system ("Arby's"), announced today that following the closing of the pending merger between Wendy's International, Inc. (NYSE: WEN, "Wendy's") and Triarc, J. David Karam, 50, will assume the position of President of Wendy’s®; Stephen D. Farrar, 57, will assume the position of Chief Operating Officer of Wendy’s; and Ken C. Calwell, 46, will assume the position of Chief Marketing Officer of Wendy’s. The merger of Wendy’s and Triarc is expected to close in the second half of 2008. In assuming the role of President of Wendy’s after the closing, Mr. Karam... [read full story]