Triarc announces plans for Wendy's management team
July 25, 2008
by FoodBusinessNews.net Staff
DUBLIN, OHIO — Triarc Cos. Inc., which is buying Wendy’s International Inc., announced Wendy’s new management team following the completion of its acquisition later this year.
Triarc said J. David Karam will become the new president of Wendy’s, taking over for current president and chief executive officer Kerrii B. Anderson. Mr. Karam currently is president of Cedar Enterprises, which owns and operates 135 Wendy’s restaurants. Ms. Anderson, who will continue in her role until the merger closes, has been president and c.e.o. since November 2006.
Triarc also announced that Stephen D. Farrar will take over as chief operating officer. Mr. Farrar will succeed Dave Near, who will remain a franchisee. Mr. Farrar has been in charge of North American operations at Wendy’s since April.
Ken C. Calwell has been named chief marketing officer. He was most recently the c.m.o. at Domino’s Pizza Inc. He will succeed Paul Kershisnik, who will remain with the company in a senior leadership role in marketing.
In April, Triarc announced that its c.e.o., Roland Smith, will become the new c.e.o. of Wendy’s.
"These plans not only reflect our vision to attract the highest caliber talent to our team, but they demonstrate our commitment to leverage the strengths and heritage of Wendy’s," Mr. Smith said. "I expect that David, Steve and Ken will hit the ground running in their new roles, and make an immediate impact to set the direction and deliver our plan to revitalize the Wendy’s brand."