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."


Pakistan Economy Grows 3.7% in FY2026 Amid Strong Fiscal Performance
SpaceX IPO Sets Record With $75 Billion Raise, Valuation Hits $1.77 Trillion
Oil Prices Fall as Trump Signals Iran Deal, Reducing Supply Risk Concerns
European Stocks Rise Ahead of ECB Rate Decision as Investors Buy the Dip
BHP Port Hedland Workers Back Strike Action Amid Pay Dispute
Sigma Healthcare Shares Slide Amid Preliminary Boots Acquisition Talks
GSK Reportedly Nears $9 Billion Acquisition of Cancer Drug Developer Nuvalent
GM and Peak Energy Partner to Advance Sodium-Ion Battery Technology for Grid Storage
ECB Keeps July Rate Options Open Amid Iran War Energy Price Risks
Trump Signals Opposition to USMCA Renewal as U.S. Reviews Trade Relations with Canada and Mexico
Honda Leadership Crisis Deepens as Retired Executives Challenge CEO Toshihiro Mibe’s Strategy
Alibaba Offers $1.5 Billion to Acquire Grocery Delivery Platform Pupu
Asian Stocks Rally as Trump Signals Iran Peace Deal; Tech and Chip Shares Rebound Strongly
Coupang Hit With Record $409 Million Fine Over Data Breach Affecting 33 Million Users
Japan Producer Prices Surge in May, Strengthening Expectations of BOJ Rate Hike
US Stock Futures Rally as U.S.-Iran Peace Talks Boost Market Sentiment Despite Ongoing Strikes
OpenAI May Slash AI Service Prices Amid Growing Rivalry With Anthropic 



