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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Restaurant Brands International Inc | NYSE:QSR | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -0.80 | -1.14% | 69.39 | 70.29 | 68.79 | 70.13 | 1,236,416 | 01:00:00 |
From Jun 2024 to Jun 2024
Mr. Siewert led the Carlyle Group's consumer, media, and retail investments in Asia-Pacific for 16 years
Previously served as Chief Operating Officer and Group President for Coca-Cola in Asia
Serves as a board member for Mondelez International and Avery Dennison Corporation
Appointment will contribute to RBI's aspiration of opening at least 7,000 new international restaurants through 2028
TORONTO, May 29, 2024 /CNW/ - Restaurant Brands International Inc. (TSX: QSR) (NYSE: QSR) (TSX: QSP) ("RBI", "Company") has appointed Patrick Siewert as its Senior Advisor in the Asia-Pacific region. Mr. Siewert has extensive knowledge in food, beverage and consumer products in Asia, having served as Chief Operating Officer and Group President for Coca-Cola in Asia from 2001-2007 and then as Managing Director for the Carlyle Group in Asia from 2007-2023.
In 2017, Mr. Siewert led the Carlyle Group's acquisition of 28% of McDonald's China and Hong Kong business and continued as a senior advisor to the McDonald's leadership team in the region as they rapidly increased new restaurant openings and sales in the market.
Mr. Siewert is based in Hong Kong and will advise RBI on its business in the Asia-Pacific region, including new master franchise partnerships and attracting top talent in the region to join the Company.
"I have tremendous respect for Patrick. I know we will benefit tremendously from his advice, knowledge, and deep network of relationships in the Asia-Pacific region," said Patrick Doyle, Executive Chairman of RBI.
"We all view the Asia-Pacific region as one of the largest growth opportunities for our brands in the coming years. I'm excited and thankful that Patrick has agreed to join us as a Senior Advisor to help us realize our many opportunities in the region," said Josh Kobza, CEO of RBI.
RBI had more than 4,500 restaurants in Asia as of December 31, 2023, including more than 2,300 in China. Burger King, Tim Hortons and Popeyes all have restaurants in Asia, with plans to introduce Firehouse Subs in the coming years.
Restaurant Brands International Inc. is one of the world's largest quick service restaurant companies with over $40 billion in annual system-wide sales and over 30,000 restaurants in more than 120 countries and territories. 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.
View original content to download multimedia:https://www.prnewswire.com/news-releases/restaurant-brands-international-inc-appoints-patrick-siewert-as-senior-advisor-in-asia-pacific-region-302158573.html
SOURCE Restaurant Brands International Inc.
Copyright 2024 Canada NewsWire
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