Tim Hortons president Alex Macedo leaving the company in March globebusiness
It says Schwan will add the Latin America region to his duties, while other international Tim Hortons locations will be led through RBI’s existing global leadership team.
Cil states in the release that Macedo was invaluable in growing another RBI brand – Burger King – in the U.S. and that he led Tim Hortons through a “period of transition” last year.In late October, Cil noted earnings at Tim Hortons “were not where we want them to be,” particularly due to lunch options such as sandwiches and wraps.
Tim Hortons operates more than 4,800 locations mostly in Canada and the U.S. It also has restaurants in Mexico, the U.K., Spain, the Philippines and China.
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