NEW YORK Nelson Peltz plans to step down as chief executive of Arby's parent Triarc Cos. Inc. - with an exit payment of $50 million - as the company prepares to sell its lone remaining non-restaurant business later this year. But Triarc noted that Peltz and longtime lieutenants Peter May and Edward Garden would continue to be involved in Triarc's operations through their Trian Fund Management LLP, the investment concern through which the trio has invested in Wendy's International Inc. and ...
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Contact: Desiree Torres Desiree.Torres@penton.com