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

Environment groups warned saying climate change is real could be seen as partisan

OTTAWA — A pre-election chill has descended over some environment charities after… Continue reading

Vikings Days a celebration of Danish immigration, culture

The Danish Canadian Museum near Dickson held its annual Viking Days celebration… Continue reading

Red Deer would be the site of potential TV show

A potential TV show aims to bring Red Deer kids across the… Continue reading

WATCH: ‘Lots to see and do’ at Pioneer Days in Red Deer

Sunnybrook Farm Museum is celebrating its 24th annual Pioneer Days this weekend.… Continue reading

Your community calendar

Thursday The Red Deer and District Garden Club hosts its annual Flower… Continue reading

34% of economists in survey expect a US recession in 2021

WASHINGTON — A number of U.S. business economists appear sufficiently concerned about… Continue reading

Ontario cannabis retailer returns $2.9M in CannTrust products to company

VAUGHAN, Ont. — CannTrust Holdings Inc. says the Ontario government’s cannabis retailer… Continue reading

Pipeline rupture sends 40,000 litres of oil into Alberta creek

DRAYTON VALLEY, Alta. — The Alberta Energy Regulator says a pipeline has… Continue reading

Chrystia Freeland condemns violence in Hong Kong, backs right to peaceful assembly

OTTAWA — Foreign Affairs Minister Chrystia Freeland has condemned violence in Hong… Continue reading

Turtles, butterflies and foxes: Captive breeding for endangered species growing

LANGLEY, B.C. — The turtle in my hand dangles its churning feet… Continue reading

Saskatoon Cubs win Westerns with wild extra-innings comeback

The Saskatoon Cubs showed no quit in the finals of the 18UAAA… Continue reading

Canada ‘disappointed’ terror suspect’s British citizenship revoked

OTTAWA — The United Kingdom is shirking its share of the international… Continue reading

Most Read