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Burger King, Popeyes, Tim Hortons, and Firehouse Subs' parent company, Restaurant Brands International Inc., reveals the latest leadership shakeup in the organization. The Canadian-American fast food holding group said the shuffle will include appointing a new chief financial officer as Matt Dunnigan leaves.
RBI promoted Sami Siddiqui to succeed Dunnigan as CFO. Before his promotion, Siddiqui was president of Popeyes Louisiana Kitchen's U.S. and Canada units. The company announced the leadership changes on Thursday, March 14.
RBI's Other Executive Appointments
Since Siddiqui is vacating his post as Popeyes U.S. and Canada's president, RBI appointed Jeff Klein as his replacement. As per CFO Dive, Klein was Popeyes' chief marketing officer before his promotion.
In addition, Thiago Santelmo will take over as president of international business at the company. He will succeed David Shear, who is stepping down but will stay at RBI to serve as an advisor during the transition period.
Aiming for Long-Term Growth Under New Leaders
Josh Kobza, RBI's chief executive officer, mentioned that these appointments are expected to help with the company's long-term growth and aim to reach the target of at least 40,000 restaurants worldwide. RBI's goal under the new leadership also includes achieving $60 billion in sales and $3.2 billion in adjusted operating income by 2028.
In any case, all the new appointments are effective immediately. Restaurant Brands is also set to name a new president of its EMEA unit and chief marketing officer for Popeyes at a later date.
"Sami, Thiago and Jeff are proven, valuable leaders in the company and I'm looking forward to working with them as we deliver on our next phase of growth," Joshua Kobza, RBI's chief executive officer, said in a press release. "Sami has deep finance and operational experience which makes him a great partner to our Presidents as we deliver on our growth plans across the company."
The CEO added, "Thiago has spent his career building master franchisee relationships and working closely with them to develop new markets. This will serve him well as we accelerate net restaurant growth internationally in the coming years."
Photo by: Restaurant Brands International Website
