Thecla Sweeney to Join the Board of Directors of Restaurant Brands International

Rhea-AI Summary

The Board of Directors of Restaurant Brands International (TSX: QSR) announced the appointment of Thecla Sweeney as an independent board member, effective January 1, 2022. Sweeney brings extensive experience in retail and management from her roles at Motion LP and Birch Hill Equity Partners. She fills the vacancy left by Carlos Sicupira, who retires after over a decade of service. Executives expressed confidence that Sweeney's expertise will enhance the board's diversity and decision-making. Restaurant Brands International operates well-known brands including Tim Hortons and Burger King, with annual sales of approximately $35 billion.

Positive

• Thecla Sweeney brings a wealth of experience in Canadian retail and government issues to the board.
• Sweeney's appointment is expected to enhance diversity of thought and experience.
• Her background in human resources and logistics could positively impact company operations.

Negative

• The retirement of Carlos Sicupira may create a gap in experience on the board.

TORONTO, Dec. 16, 2021 /PRNewswire/ - The Board of Directors of Restaurant Brands International Inc. (TSX: QSR) (NYSE: QSR) (TSX: QSP) ("RBI") announced today that Thecla Sweeney is joining the RBI Board of Directors as an independent member effective January 1, 2022.

Ms. Sweeney is currently Executive Chair and Chief Executive Officer for Motion LP, a privately-held provider of complex mobility and accessibility solutions in Canada, and Operating Partner for Birch Hill Equity Partners Management Inc., a private equity firm, both based in Toronto, Ontario.  She has held the position with Motion LP since April 2018 and has been with Birch Hill since April 2004, with a number of positions of increasing responsibility prior to beginning her current Operating Partner role in November 2020.  Prior to joining Birch Hill, Ms. Sweeney worked in busines development for Regional Airlines Holdings Inc. and was a consultant for Bain & Company. She serves on the board of directors of Motion LP, Mastermind LP, a privately-held specialty toy retailer, since 2010 and FlexNetworks LP, a privately-held telecom business, since 2019. From 2012 to 2017, she served on the board of Sleep Country Canada, a specialty retailer of mattresses and accessories.

Ms. Sweeney will fill the vacancy created when Carlos Sicupira retires from the RBI Board effective December 31, 2021 following over a decade of dedicated service.

"We are fortunate to add Thecla to our Board of Directors and will benefit from her extensive experience in Canadian retail, human resources and compensation, logistics and distribution and managing government and regulatory issues," said Daniel Schwartz, Co-Chair of the RBI Board.  "We deeply value diversity of thought and experience, and I look forward to working with Thecla in her new role," added Jose Cil, CEO of RBI.

"We want to thank Carlos for his immeasurable advice, support and service to our brands over the years, including his time on our Board of Directors since 2010.  He is a valued partner and friend and has played an important role shaping the company, including our long-term compensation philosophy and attracting new talent to our Board as part of our nominating and corporate governance committee," said Alex Behring, Co-Chair of the RBI Board.

"It's an honour to join the RBI Board of Directors and advise this great management team as they work to build the most loved restaurant brands in the world," said Thecla Sweeney.

About Restaurant Brands International

Restaurant Brands International Inc. is one of the world's largest quick service restaurant companies with approximately $35 billion in annual system-wide sales and over 28,000 restaurants in more than 100 countries. RBI owns four of the world's most prominent and iconic quick service restaurant brands – TIM HORTONS®, BURGER KING®, POPEYES® and FIREHOUSE SUBS®. These independently operated brands have been serving their respective guests, franchisees and communities for decades. Through its Restaurant Brands for Good framework, RBI is improving sustainable outcomes related to its food, the planet, and people and communities.

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SOURCE Restaurant Brands International Inc.

FAQ

Who is Thecla Sweeney, and what is her role at Restaurant Brands International?

Thecla Sweeney is the newly appointed independent board member of Restaurant Brands International, effective January 1, 2022, bringing extensive experience in retail and management.

What is the significance of Carlos Sicupira's retirement from the RBI Board?

Carlos Sicupira's retirement after over a decade may lead to a temporary gap in board experience.

How might Thecla Sweeney's appointment impact Restaurant Brands International's operations?

Sweeney's background in retail, logistics, and governance may enhance the board's decision-making and operational strategies.

When did Thecla Sweeney join the board of Restaurant Brands International?

Thecla Sweeney joined the RBI Board of Directors effective January 1, 2022.

What are the annual sales figures for Restaurant Brands International?

Restaurant Brands International has approximately $35 billion in annual system-wide sales.