Peltz, May resign their Triarc executive posts

NEW YORK As expected, activist investor Nelson Peltz has resigned as chairman of Arby's parent Triarc Cos. and surrendered his chief executive's title to Roland Smith, chief executive of the holding company's lone remaining business, Arby's Restaurant Group Inc.

Simultaneously, longtime Peltz lieutenant Peter May stepped down as president and chief operating officer of Triarc.

Both resignations are in accordance with contracts signed in Apr

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