financetom
Business
financetom
/
Business
/
Burger King parent Restaurant Brands names insider Sami Siddiqui as CFO
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Burger King parent Restaurant Brands names insider Sami Siddiqui as CFO
Mar 14, 2024 4:46 AM

(Reuters) - Restaurant Brands International on Thursday named Sami Siddiqui as its chief financial officer and made a slew of other leadership changes, as the company pushes ahead with its long-term goals and navigates weakness in some international markets.

Siddiqui, president of Popeyes US and Canada for the past four years, will replace Matt Dunnigan, who will be leaving the Canadian company.

The parent of Tim Hortons and Burger King also named Chief Marketing Officer Jeff Klein as president of Popeyes US and Canada, and said EMEA region head Thiago Santelmo will take over as president of its international business.

All appointments are effective immediately, the company said.

Restaurant Brands has set a long-term growth target of a minimum of 40,000 restaurants, $60 billion in system-wide sales and $3.2 billion in adjusted operating income by 2028.

In February, the company flagged sluggish international sales due to the Israel-Hamas war, as well as softer demand in some Western European markets for its fast-food chains.

(Reporting by Juveria Tabassum; Editing by Sriraj Kalluvila)

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 >
Adicet Bio Begins Phase 1 Trial Enrollment for Potential Autoimmune Diseases Therapy
Adicet Bio Begins Phase 1 Trial Enrollment for Potential Autoimmune Diseases Therapy
Oct 2, 2024
07:55 AM EDT, 09/30/2024 (MT Newswires) -- Adicet Bio ( ACET ) said Monday it has opened enrollment for its phase 1 trial evaluating ADI-001, an investigational allogeneic gamma delta CAR T cell therapy, in autoimmune diseases. The company said it is enrolling patients with lupus nephritis and plans to accept patients with systemic lupus erythematosus, systemic sclerosis, and anti-neutrophil...
BRIEF-Osisko To Purchase Royalties On Spartan Resources' Dalgaranga Gold Project
BRIEF-Osisko To Purchase Royalties On Spartan Resources' Dalgaranga Gold Project
Oct 2, 2024
Sept 30 (Reuters) - Osisko Gold Royalties Ltd ( OR ): * OSISKO ANNOUNCES AGREEMENT TO PURCHASE ROYALTIES ON SPARTAN RESOURCES' DALGARANGA GOLD PROJECT IN WESTERN AUSTRALIA * OSISKO GOLD ROYALTIES LTD ( OR ) - TO ACQUIRE 1.8% GROSS REVENUE ROYALTY ON DALGARANGA GOLD PROJECT * OSISKO GOLD ROYALTIES LTD ( OR ) - TO ACQUIRE 1.35% GROSS REVENUE...
Top Premarket Gainers
Top Premarket Gainers
Oct 2, 2024
07:51 AM EDT, 09/30/2024 (MT Newswires) -- Zhongchao ( ZCMD ) shares surged 87% pre-bell Monday following a muted session. TTEC Holdings ( TTEC ) shares were up 35% after the company said it received an unsolicited takeover proposal from its chief executive officer. OneConnect (OCFT) shares increased 17%, extending Friday's rally. Reliance Global (RELI) shares advanced 20% after Friday's...
AT&T Gets Major Exit Cue As DirecTV Clinches Dish Deal
AT&T Gets Major Exit Cue As DirecTV Clinches Dish Deal
Oct 2, 2024
DirecTV has finalized a deal to merge with Dish Network, marking a significant shift in the pay-TV landscape. This would allow AT&T Inc. ( T ) to walk out of DirecTV. What Happened: The merger concludes decades of intermittent discussions, creating a combined entity with 20 million subscribers. This move comes as both companies face declining market shares due to...
Copyright 2023-2026 - www.financetom.com All Rights Reserved