Arby's Introduces Board of Directors During National Franchise Conference
Restaurant Industry Leader Jon Luther Named Chairman
ATLANTA--(BUSINESS WIRE)--Hala Moddelmog, President of Arby’s Restaurant Group, Inc., introduced members of the new ARG Holding Corporation Board of Directors to the Arby’s® franchise community during its National Franchise Conference in Atlanta. The new board consists of five members and will be led by Chairman Jon Luther.
"The Arby’s brand is filled with potential and opportunity"
“Jon’s experience as a former owner, franchisor and operator will help strengthen the Arby’s brand as we continue to build on the sales and transaction improvement that we’ve seen in 2011,” said Moddelmog.
Luther, a veteran of the restaurant industry, has served as the non-executive Chairman of the board of Dunkin Brands since July 2010. He is widely credited for leading the transformation of Dunkin Brands while Chief Executive Officer from January 2003 - January 2009. The additional title of Chairman was added in 2006. Luther served as executive chairman until July 2010.
“The Arby’s brand is filled with potential and opportunity,” said Luther.
Joining Luther on the board is Sidney (Sid) J. Feltenstein, former CEO of Yorkshire Global Restaurants. Feltenstein has had a successful career as a corporate executive and entrepreneur. In 1995, he led a private equity investment group that acquired A&W Restaurants. Under his leadership, the chain grew from 450 to almost 1,000 units in just five years. In 1999, Feltenstein led A&W's purchase of Long John Silver's. Under his leadership, A&W/Long John Silver's sales grew five times and its operating profits grew by 40 times. The company was sold to YUM! Brands in 2002 in a highly successful transaction.
The ARG Holding Corporation Board of Directors consists of:
- Neal Aronson, Founder and Managing Partner, Roark Capital Group
- Sid Feltenstein, Former CEO, Yorkshire Global Restaurants
- Jon Luther, Non-Executive Chairman of the Board of Directors, Dunkin’ Brands
- Erik Morris, Managing Director, Roark Capital Group
- Steve Romaniello, Managing Director, Roark Capital Group
About Arby’s Restaurant Group, Inc.
Atlanta-based Arby’s Restaurant Group, Inc. is the second largest quick-service sandwich chain in the U.S. with more than 3,600 restaurants systemwide. In addition to its classic Roast Beef and Beef ‘n Cheddar sandwiches, slow-roasted and thinly sliced in store daily, Arby’s is also known for its deli-style Market Fresh® line of sandwiches and salads, Curly Fries and Jamocha Shakes. In 2011, Arby’s introduced Ultimate Angus, a premium Angus beef menu line featured in sandwiches and wraps. To learn more about Arby’s, please visit www.arbys.com.
Arby’s Restaurant Group, Inc.
Cathie Koch, 678-514-4147