– CANADA, Toronto – Restaurant Brands International Inc. (TSX: QSR | NYSE: QSR) today announced the appointment of Patrick Doyle as Executive Chairman, effective immediately.
“Patrick’s appointment as Executive Chairman is a huge addition to the already strong leadership team we have built over the past few years. This is part of our long-term strategy to accelerate growth in our restaurant brands and profitability for our franchisees and drive shareholder returns that we believe the company is very capable of delivering,” said current co-Chairmen, Schwartz and Mr. Behring.
“I’m excited to work closely with Patrick and our leadership team to build the most loved restaurant brands in the world. This includes our intention to accelerate growth in the company rapidly and deliver on plans that result in exceptional service for our guests and excellent returns for our franchisees and for all shareholders,” said CEO, Jose Cil.
About Patrick Doyle
As the former CEO of Domino’s Pizza from 2010 to 2018, Patrick Doyle led one of the restaurant industry’s most successful transformations by focusing on putting the guest experience first and being the best at digital ordering and food quality. During his tenure, he delivered 29 consecutive quarters of same-store sale increases, system-wide sales growth of $5.6B to $13B, an over 2x increase in home market franchisee profitability while creating approximately $11B of shareholder value and increasing the share price over 23x from nearly $12 in March 2010 to $271 in June 2018.
Daniel Schwartz and Alex Behring will continue to serve on the Board of Directors, demonstrating 3G Capital’s commitment to being a long-term shareholder in RBI. Mr. Behring is a co-founder of 3G Capital and is currently a co-Managing Partner. Mr. Schwartz is the former CEO and Executive Chairman of RBI and co-Managing Partner of 3G Capital.
“I love the restaurant industry. These are four exceptional brands with real opportunities for accelerated growth. Working closely with each of the brands’ franchisees, with Jose, the whole RBI team, and the Board of Directors, I am confident we can create one of the most compelling growth stories in the industry,” said Mr. Doyle.
About Restaurant Brands International:
Restaurant Brands International Inc. is one of the world’s largest quick-service restaurant companies with over $35 billion in annual system-wide sales and over 29,000 restaurants in more than 100 countries. RBI owns four of the world’s most prominent and iconic quick service restaurant brands – TIM HORTONS, BURGER KING, POPEYES, and FIREHOUSE SUBS. These independently operated brands have been serving their respective guests, franchisees and communities for decades. Through its Restaurant Brands for Good framework, RBI is improving sustainable outcomes related to its food, the planet, and people and communities.
For more information: https://www.rbi.com/
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