Dollar Holds Near Two-Week High as Fed Rate Hike Bets Rise 
Honda Targets $9.4 Billion in Cost Cuts as China EV Competition Intensifies 
Google Changes EU Spam Policy Amid Antitrust Scrutiny 
Street Poller Media and The Boom of the Street Interview Ad Industry 
Bessent Urges Japan on Fiscal Discipline, BOJ Rate Hikes 
Amazon Shares Fall as FTC Plans Ad Pricing Lawsuit 
RBNZ Raises Interest Rate to 2.75%, Kiwi Dollar Slides 
Itochu Offers $1.56 Billion to Privatize Dentsu Soken 
MediaTek Shares Jump 10% on Nvidia’s $3.5 Billion Investment 
Star Entertainment Shares Fall After A$307 Million FY2026 Loss 
Amazon Secures 200 MW Wind Power Deals in Sweden 
Japan Bond Yields Top 3% as Inflation, Fiscal Risks Rise 
Pinterest Stock Falls as CFO Julia Brau Donnelly Resigns 
Canada Backs €100 Billion Global Defence Bank 
SpaceX Mobile Network Could Cost Up to $130 Billion, Bernstein Says 
China Manufacturing PMI Contracts Again as Recovery Remains Fragile 
Dollar Hits Two-Week High as Iran Conflict Lifts Oil and Bond Yields 
Add as a preferred source on Google
Burger King franchisee, the Carrols Restaurant Group, announced it has hired a former McDonald's vice president to be its new chief executive officer. On Tuesday, Feb. 22, Paulo Pena was introduced as the company's new chief.
Carrols Restaurant Group, an American franchisee company, headquartered in Syracuse, New York, is Burger King's largest operator. Its CEO, Dan Accordino, is set to retire after working for the firm for 50 years, and Carrols has already found someone qualified to take over his post.
According to Restaurant Business Online, Pena will start working as the firm's new chief on Apr. 1. It was mentioned that Accordino is already 71 years old, which means he has started his long career at Carrols Restaurant Group at the age of 21.
Along with the assignment of a new CEO, the Burger King franchisee also stated that David Harris, who has been with the company's board director since May 2012, will become a non-executive chairman. In any case, Pena is joining Carrols in April and bringing with him his 20 years of experience in the business.
Currently, he is working as the global chief operating officer of Selina, one of the world's largest hospitality brands. Pena manages operations at the firms' 95 beautifully-designed accommodation properties.
Prior to working at Selina, the newly-appointed Carrols chief served as McDonald's USA's vice president. As the VP, he handled the operations for the fast-food chain's 800 restaurants. Mr. Pena's resume also showed that he was a former executive at Wyndham Hotel Group, The Coca-Cola Company, and Ernst & Young.
With his impressive work background, it is no wonder that he has been chosen to replace the retiring Carrols CEO. Pena is now expected to lead Carrols, which operates over 1,000 Burger King stores, including some Popeyes, to continue being the largest franchisee in the U.S.
"We are excited to be welcoming Paulo as our new Chief Executive Officer," Carrol's non-executive chairman, David Harris, said in a press release. "The Board conducted a comprehensive search process and had numerous, highly qualified candidates to consider. We are confident that we have identified an exemplary individual with the skills and experience necessary to be a strong and effective leader of Carrols."
