CEO of Arby's Restaurant Group leaves company

Roland Smith, president and CEO of Wendy's/Arby's Group, will take over the role as president of Arby's on an interim basis, effective immediately. A search is underway for a permanent president of Arby's, which has underperformed over the past year relative to the parent company's expectations.

Garrett, 48, was appointed President and CEO of Arby's in September 2008, following the formation of Wendy's/Arby's Group. The company has had discussions with Garrett about becoming an Arby's franchisee, saying it hopes he will continue to be involved with the brand.

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