financetom
Business
financetom
/
Business
/
Brazil's Zamp CEO to leave position in late June
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Brazil's Zamp CEO to leave position in late June
Jun 14, 2024 3:50 PM

SAO PAULO, June 14 (Reuters) - The chief executive of

Zamp, which operates Burger King restaurants in

Brazil, Ariel Grunkraut, will leave his position on June 28, the

firm said in a securities filing on Friday.

Grunkraut was one of the founding partners who established

Zamp in 2011, and led the sales, marketing and technology

departments before he took on the CEO role two years ago.

His departure comes a few days after Zamp agreed to buy the

rights to operate the Starbucks brand and some stores

in the country.

"The company and the board of directors wish Ariel every

success and extend their best wishes for his new challenges,"

Zamp said in the filing.

The firm did not offer any information on a possible

successor to Grunkraut.

Zamp, which is controlled by Abu Dhabi state investor

Mubadala, operates Burger King and Popeyes

restaurants in Latin America's largest economy.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
GoldMoney Fiscal Third-Quarter Adjusted Profit Declines
GoldMoney Fiscal Third-Quarter Adjusted Profit Declines
Feb 14, 2025
11:47 AM EST, 02/14/2025 (MT Newswires) -- GoldMoney ( XAUMF ) , which trades in precious metals, on Friday reported a lower adjusted profit for its fiscal third quarter. Adjusted profit, excluding most one-time items, dropped to $3.9 million, or $0.29 per share, from $6 million, or $0.45, last year. The company also restated its financial statements for the years...
Sol Strategies Announces Intent to Buy High-Performance Validators for $48.7 Million
Sol Strategies Announces Intent to Buy High-Performance Validators for $48.7 Million
Feb 14, 2025
11:49 AM EST, 02/14/2025 (MT Newswires) -- Sol Strategies ( CYFRF ) , an infrastructure provider for the Solana blockchain ecosystem, on Friday entered into a non-binding letter of intent to buy one of Solana ecosystem's largest validators for $48.7 million. The company said the proposed transaction would increase the amount of SOL delegated to Sol Strategies ( CYFRF )-owned...
Lottery.com Bets Big On International Growth With New Gaming Tech Acquisition; Stock Jumps
Lottery.com Bets Big On International Growth With New Gaming Tech Acquisition; Stock Jumps
Feb 14, 2025
Shares of digital lottery and sports entertainment technology provider Lottery.com Inc. ( LTRY ) are surging on Friday. The company has signed a Memorandum of Understanding with PlusEVO Ltd. to acquire an advanced lottery management system and gaming platform. The acquisition involves an all-stock transaction worth $1.5 million, to be paid over 30 months, with each share valued at $3....
Update: Fortis' Fourth-Quarter Adjusted Earnings Rise 19%
Update: Fortis' Fourth-Quarter Adjusted Earnings Rise 19%
Feb 14, 2025
11:58 AM EST, 02/14/2025 (MT Newswires) -- (Adds comment and updates shares.) Fortis ( FTS ) on Friday reported a rise in its fourth-quarter adjusted earnings. The utility holding company reported its adjusted profit, excluding most one-time items, rose to $416 million, or $0.83 per share, up from $350 million, or $0.72, in the year-prior quarter. The FactSet consensus estimate...
Copyright 2023-2026 - www.financetom.com All Rights Reserved