Michael Archer has stepped down as president of Applebee’s and has been replaced by Steven Layt, parent company DineEquity Inc. announced Wednesday. The leadership shift was effective on Feb. 25, the company said. Archer left the company to pursue other opportunities, but his plans were not disclosed. Layt was previously the senior vice president of operations for Applebee’s. He has been with the Kansas City, Mo.-based casual-dining chain since January 2012 and came from Buffets ...

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