Exhibit 99.2

                               Triarc Companies, Inc.
                                  280 Park Avenue
                                 New York, NY 10017


                                                          For Immediate Release

CONTACT:  Anne A. Tarbell
          (212) 451-3030
          www.triarc.com


           TRIARC ELECTS FRANCIS T. MCCARRON EXECUTIVE VICE PRESIDENT


     New York, NY, March 18, 2005 -- Triarc  Companies,  Inc. (NYSE: TRY, TRY.B)
announced  today  that its  Board  of  Directors  elected  Francis  T.  McCarron
Executive  Vice  President.  He will continue as the Company's  Chief  Financial
Officer.

     Francis ("Frank") T. McCarron,  48, was appointed Senior Vice President and
Chief Financial Officer of Triarc in June 2001. Prior to this  appointment,  Mr.
McCarron  served as Senior  Vice  President,  Taxes of Triarc from April 1993 to
June 2001. Mr. McCarron was formerly Vice President,  Taxes of Trian Group, L.P.
from its formation in January 1989 to April 1993.  Prior to joining  Trian,  Mr.
McCarron  was Director of Tax  Planning & Research of Triangle  Industries  from
February 1987 to December 1988. A native of Queens, New York, Mr. McCarron holds
a BA degree from  Queens  College  and a MBA degree  from  Baruch  College.  Mr.
McCarron is also a Certified Public Accountant.

     Commenting on Mr. McCarron's election,  Nelson Peltz, Triarc's Chairman and
Chief Executive  Officer,  and Peter May, Triarc's President and Chief Operating
Officer,  said  jointly:  "Frank  has done a great  job as our  Chief  Financial
Officer.  Frank  has  led our  financial  team  well  and we  believe  this is a
well-deserved promotion."

     Triarc is a holding company and, through its  subsidiaries,  the franchisor
of the Arby's  restaurant  system and the owner and operator of 233  restaurants
located  in the United  States.  Triarc  also owns an  approximate  64%  capital
interest in Deerfield & Company LLC, a  Chicago-based  asset manager  offering a
diverse range of fixed income strategies to institutional investors.

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