Home / Business and Economy / Ex-Domino's CEO Takes Helm at Tim Hortons Parent
Ex-Domino's CEO Takes Helm at Tim Hortons Parent
14 Nov
Summary
- Former Domino's CEO Patrick Doyle is now RBI's executive chair.
- RBI, parent of Tim Hortons, faces labor and supply chain challenges.
- Doyle led Domino's transformation, boosting sales and shareholder value.
Restaurant Brands International (RBI), the parent company of Tim Hortons, has appointed former Domino's Pizza CEO Patrick Doyle as its new executive chair. Doyle, who led Domino's through a significant transformation from 2010 to 2018, is tasked with boosting sales and revitalizing RBI's portfolio of brands, which also includes Burger King, Popeyes, and Firehouse Subs. His tenure at Domino's saw a dramatic increase in system-wide sales and shareholder value.
RBI is currently facing numerous challenges, including a tight labor market, demands for higher wages, and persistent supply chain issues like increased food costs and inflation. These factors, coupled with changing consumer behaviors post-pandemic, have impacted sales, particularly at downtown Tim Hortons locations. Doyle's extensive experience in transforming a major quick-service restaurant chain is seen as crucial for navigating these economic headwinds and enhancing the guest experience across RBI's nearly 29,000 restaurants globally.