From Donnie Ferneau's Facebook page via the Arkansas Democrat-Gazette (pay wall), an announcement that the chef is leaving the restaurant that once bore his name. Ferneau claims that the decision to leave was mutual with "no hard feelings on either side."
Little Rock businessman Frank Fletcher bought the restaurant in November 2011 and soon changed the name from Ferneau to Rocket 21. No news yet on what Chef Ferneau's plans are, but his Facebook announcement stated that he has been "working on a venture, looking for investors." More information as it becomes available.