Mr. Siewert led the Carlyle Group's consumer,
media, and retail investments in Asia-Pacific for 16 years
Previously served as Chief Operating Officer and Group President
for Coca-Cola in Asia
Serves as a board member for Mondelez International and Avery
Dennison Corporation
Appointment will contribute to
RBI's aspiration of opening at least 7,000 new international
restaurants through 2028
TORONTO, May 29, 2024
/CNW/ - Restaurant Brands International Inc. (TSX: QSR) (NYSE: QSR)
(TSX: QSP) ("RBI", "Company") has appointed Patrick Siewert as its Senior Advisor in the
Asia-Pacific region.
Mr. Siewert has extensive knowledge in food, beverage and
consumer products in Asia, having
served as Chief Operating Officer and Group President for Coca-Cola
in Asia from 2001-2007 and then as
Managing Director for the Carlyle Group in Asia from 2007-2023.
In 2017, Mr. Siewert led the Carlyle Group's acquisition of 28%
of McDonald's China and
Hong Kong business and continued
as a senior advisor to the McDonald's leadership team in the region
as they rapidly increased new restaurant openings and sales in the
market.
Mr. Siewert is based in Hong
Kong and will advise RBI on its business in the Asia-Pacific region, including new master
franchise partnerships and attracting top talent in the region to
join the Company.
"I have tremendous respect for Patrick. I know we will benefit
tremendously from his advice, knowledge, and deep network of
relationships in the Asia-Pacific
region," said Patrick Doyle,
Executive Chairman of RBI.
"We all view the Asia-Pacific
region as one of the largest growth opportunities for our brands in
the coming years. I'm excited and thankful that Patrick has agreed
to join us as a Senior Advisor to help us realize our many
opportunities in the region," said Josh
Kobza, CEO of RBI.
RBI had more than 4,500 restaurants in Asia as of December 31,
2023, including more than 2,300 in China. Burger King, Tim Hortons and
Popeyes all have restaurants in Asia, with plans to introduce Firehouse Subs
in the coming years.
About Restaurant Brands
International Inc.
Restaurant Brands International Inc. is one of
the world's largest quick service restaurant companies with over
$40 billion in annual system-wide
sales and over 30,000 restaurants in more than 120 countries and
territories. 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.