News

Arby's introduces new board of directors

October 31, 2011

Hala Moddelmog, president of Arby's Restaurant Group Inc., introduced members of the new ARG Holding Corporation Board of Directors to the Arby's franchise community during its recent National Franchise Conference in Atlanta.

The new board consists of five members and will be led by Chairman Jon Luther.

"Jon's experience as a former owner, franchisor and operator will help strengthen the Arby's brand as we continue to build on the sales and transaction improvement that we've seen in 2011," Moddelmog said.

Luther has served as the non-executive chairman of the board of Dunkin' Brands since July 2010. He was CEO of Dunkin' Brands, parent company of Dunkin' Donuts and Baskin-Robbins, from January 2003 through January 2009. The additional title of chairman was added in 2006. Luther served as executive chairman until July 2010.

Luther said the Arby's brand is filled with potential and opportunity.

Joining him on the board is Sidney (Sid) J. Feltenstein, former CEO of Yorkshire Global Restaurants. In 1995, he led a private equity investment group that acquired A&W Restaurants. Under his leadership, the chain grew from 450 to almost 1,000 units in just five years. In 1999, Feltenstein led A&W's purchase of Long John Silver's. Under his leadership, A&W/Long John Silver's sales grew five times and its operating profits grew by 40 times. The company was sold to YUM! Brands in 2002.

In addition to Luther and Feltenstein, the ARG Holding Corporation board of directors consists of three representatives from Roark Capital Group, Arby's new parent company. They include:

• Neal Aronson, founder and managing partner, Roark Capital Group;
• Erik Morris, managing director, Roark Capital Group; and
• Steve Romaniello, managing director, Roark Capital Group

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