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."


Firelight Launches as First XRP Staking Platform on Flare, Introduces DeFi Cover Feature
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data
Hikvision Challenges FCC Rule Tightening Restrictions on Chinese Telecom Equipment
EU Prepares Antitrust Probe Into Meta’s AI Integration on WhatsApp
Microchip Technology Boosts Q3 Outlook on Strong Bookings Momentum
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets
Australia Moves Forward With Teen Social Media Ban as Platforms Begin Lockouts
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike
Airline Loyalty Programs Face New Uncertainty as Visa–Mastercard Fee Settlement Evolves
Trump Administration to Secure Equity Stake in Pat Gelsinger’s XLight Startup
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth
Visa to Move European Headquarters to London’s Canary Wharf
Momenta Quietly Moves Toward Hong Kong IPO Amid Rising China-U.S. Tensions 



