Restaurant Brands International CEO Is Out in Executive Shakeup
Photo Caption: Restaurant Brands International owns Burger King, Popeyes, and Tim Hortons.
Skift Take
RBI's brands (Burger King, Tim Hortons, and Popeyes) each have been reporting mediocre comparable store sales in recent quarters. This new leadership structure may provide the boost the company needs.
Daniel Schwartz, the founding CEO of Restaurant Brands International (RBI), is stepping away from his position, according to the company. Jose Cil, the president of Burger King since 2014, will be replacing Schwartz as the new CEO of RBI, and Josh Kobza, the company's chief technology and development officer, has been promoted to chief operating officer of RBI. All of the executive changes are effective immediately.
"Stepping into the CEO role will allow me to more formally focus on these key areas to drive continued long-term growth at Burger King, Tim Horton'
