TORONTO - Restaurant Brands International (TSX:QSR) Inc. (TSX: NYSE:QSR) (NYSE: QSR) (TSX: QSP), a major player in the quick service restaurant industry, has introduced changes to its executive team as part of a strategy to bolster the company's growth. Sami Siddiqui is taking the reins as Chief Financial Officer, following Matt Dunnigan's departure.
Jeff Klein steps in as President of Popeyes for the US and Canada, succeeding Siddiqui. Thiago Santelmo has been appointed President of International, taking over from David Shear, who will stay on as an advisor for a year to aid the transition.
Siddiqui, with eleven years at RBI, including a successful tenure as the President of Popeyes, brings extensive finance and operational expertise to his new role. His leadership has previously led to significant sales and growth for the brand.
Santelmo, also an eleven-year veteran at the company, has a track record of fostering growth in Latin America and the EMEA region, making him a fit for spearheading international expansion. Klein, with 25 years of marketing and consumer insights experience, including as CMO for Little Caesars (NASDAQ:CZR) Pizza and roles at PepsiCo (NASDAQ:PEP), is expected to apply his consumer-centered approach to Popeyes in North America.
Josh Kobza, CEO of RBI, expressed confidence in the capabilities of the new appointees to propel the company toward its ambitious targets, which include expanding to 40,000 restaurants and achieving $60 billion in system-wide sales and $3.2 billion in Adjusted Operating Income by 2028.
The leadership overhaul is effective immediately, with further announcements, including a new President of EMEA and a Chief Marketing Officer for Popeyes, anticipated at a later date.
Restaurant Brands (TSX:QSP_u) International owns four renowned quick service restaurant brands – TIM HORTONS®, BURGER KING®, POPEYES®, and FIREHOUSE SUBS® – and operates over 30,000 restaurants across more than 120 countries. The company aims to enhance sustainable outcomes through its Restaurant Brands for Good framework, focusing on food, the planet, and people and communities.
This leadership transition is based on a press release statement by Restaurant Brands International Inc. and comes amid a backdrop of forward-looking statements that are subject to various risks and uncertainties, as detailed in the company's regulatory filings.
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