Australian Household Spending Dips in December as RBA Tightens Policy 
Nikkei 225 Hits Record High Above 56,000 After Japan Election Boosts Market Confidence 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Gold and Silver Prices Climb in Asian Trade as Markets Eye Key U.S. Economic Data 
SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision 
U.S. Stock Futures Rise as Markets Brace for Jobs and Inflation Data 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Anta Sports Expands Global Footprint With Strategic Puma Stake 
Kroger Set to Name Former Walmart Executive Greg Foran as Next CEO 
Indian Refiners Scale Back Russian Oil Imports as U.S.-India Trade Deal Advances 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Asian Currencies Stay Rangebound as Yen Firms on Intervention Talk 
Burger King was belatedly reported to have lost its president, Chris Finazzo. He was said to have left the company a while ago.
The departure of Burger King America’s president was only revealed through a federal filing at the Securities and Exchange Commission that was seen on Tuesday, July 6. In any case, the reason for his exit was not known, and there was no mention of it in the filing as well.
Burger King under Finazzo’s leadership
According to Restaurant Business Online, Chris Finazzo has been working for Burger King for more than seven years before his departure. His main work was managing the fast-food chain’s domestic operations, and he has been doing this since 2017.
Prior to becoming the president at Burger King, he was said to have worked in several other positions within the company. And while it was not indicated why he is leaving, business observers suggested that it may have something to do with how the company is doing in the market.
Based on the report, Chis Finazzo may have quit after finding himself losing ground against two of Burger King’s closest rivals which are Wendy’s and McDonald’s. It was said that BK has been lagging behind the two restaurants in terms of sales. The market growth of the competitors was also impressive, while BK is falling behind in the U.S.
The executives who will replace the ex-president
In any case, Burger King already appointed interim successors as Chris Finazzo vacates his office as president in the company’s American unit. Chief marketing officer Ellie Doty and chief operating officer Tom Curtis will now temporarily manage the company’s business in Canada and the U.S.
Doty and Curtis will be reporting directly to Burger King's chief executive officer, Jose Cil. The former has been with the company for just a year and previously worked at Chili’s while the latter joined BK just months ago, but he has been in the business for 35 years already, as Domino’s franchisee and executive in global operations.
“Ellie Doty joined the company one year ago, bringing extensive industry experience in marketing and sales from her roles at Chili’s and YUM,” the company said in the filing. “Tom Curtis joined the company several months ago after 35 years as a franchisee, executive and most recently executive vice president, US Operations and Global Operations Support at Dominos.”
