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Triarc, Wendy's merger complete
September 29, 2008
ATLANTA & DUBLIN, Ohio — Triarc Cos. Inc., the parent company of Arby's Restaurant Group Inc., and Wendy's International Inc. have announced that they have completed their merger transaction. Effective immediately, the combined company will be named Wendy's/Arby's Group Inc.
Beginnining Sept. 30, the combined company will trade under the symbol "WEN" on the New York Stock Exchange. In addition, the company's new corporate web site iswww.wendysarbys.com.
Also, the company's board of directors was expanded from 11 to 12 members. As previously announced, Russell V. Umphenour Jr. has resigned and two former Wendy's directors, Janet Hill and J. Randolph Lewis, have been appointed to the Board of Directors.
Additionally, Roland C. Smith has assumed the position of president and CEO of Wendy's/Arby's Group and CEO of Wendy's; Thomas A. Garrett has assumed the role of president and CEO of Arby's; Michael I. Lippert has assumed the role of chief operating officer of Arby's; J. David Karam has assumed the position of president of Wendy's; Stephen D. Farrar has assumed the position of COO of Wendy's and Kenneth C. Calwell has assumed the position of chief marketing officer of Wendy's.
Wendy's/Arby's Group plans to hold a conference call for analysts and investors in early November to discuss third quarter financial results, as well as to provide an update on the progress of the combined company's merger integration activities.
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