Restaurant Brands International Inc. says fourth quarter comparable sales at Tim Hortons were up 1.9 per cent. (Photo by THE CANADIAN PRESS)

Restaurant Brands International announces executive changes and raises dividend

TORONTO — Restaurant Brands International Inc. raised its dividend as it announced changes in its executive suite.

The parent company of Tim Hortons, Burger King and Popeyes Louisiana Kitchen says it will pay a quarterly dividend of 50 cents per share, up from 45 cents.

RBI also said Jose Cil, who has been president of Burger King, has been promoted to chief executive of the parent company.

Josh Kobza, who was chief financial officer from 2013 through 2017 and chief technology and development officer in 2018, has been named chief operating officer.

Daniel Schwartz, who had been RBI’s chief executive, will become executive chairman and co-chairman of the company’s board of directors.

RBI also announced fourth quarter comparable sales at Tim Hortons were up 1.9 per cent, while Burger King’s were up 1.7 per cent and comparable sales at Popeyes were up 0.1 per cent.

Just Posted

NEB gives Trans Mountain pipeline expansion its endorsement

CALGARY — The National Energy Board has endorsed an expansion of the… Continue reading

Regulator’s report unlikely to settle Trans Mountain pipeline expansion battle

CALGARY — An environmental group that tried to widen the scope of… Continue reading

Red Deer firefighter is recovering, thanks community for support

Firefighters who help together, stick together. Red Deer firefighter medic Ben Barthel,… Continue reading

Biathlon women sweep the podium for second time

Biathlon women took top four spots in Thursday’s 10-km race

Zion’s freak injury ripples in basketball, business worlds

DURHAM, N.C. — Soon after Zion Williamson’s shoe ripped apart, Nike’s stock… Continue reading

Fashion Fridays: Must have wardrobe basics

Kim XO, helps to keep you looking good on Fashion Fridays on the Black Press Media Network

Rabbits saved from barn fire in Ponoka County

The Ponoka County East District Fire Department was called to a barn fire

Abel begins diving season on brink of record for most worlds medals

MONTREAL — Jennifer Abel could make history this summer in Gwangju, South… Continue reading

On eve of return to Toronto, former Raptors star DeRozan says he’s “moved on”

TORONTO — DeMar DeRozan has found closure. When the player once fondly… Continue reading

ACTRA to honour actress Jayne Eastwood who says being on set is her ‘happy place’

TORONTO — Looking back on her five decades in show business, Toronto… Continue reading

If proven, Smollett allegations could be a ‘career killer’

LOS ANGELES — Jussie Smollett is enmeshed in weekly drama on the… Continue reading

Ponoka host to Bayer Crop Science seed innovations trade show

The company held a trade show with seed crop science industry partners at the ag event centre

Gaudreau snaps goal drought to help Flames double up Islanders 4-2

CALGARY — The drought is over for Johnny Gaudreau. Gaudreau’s first goal… Continue reading

Federal government set to develop code of conduct for sport in Canada

OTTAWA — The federal government is developing a code of conduct for… Continue reading

Most Read