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.

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