Ms. Devine told analysts that executives have assessed the REIT idea and it would not create value for shareholders, and “would not make sense” for Tim Hortons for multiple reasons. Marc Caira. The Food Integrity agenda is now live! “He has been a student of our brand for about 25 years or so.”. While at Nestle, he had helped with the development of soups at Tim Hortons and comes to the company with “significant experience” in hot and cold beverages, Mr. House said. Restaurant Brands International Inc. (RBI) is a Canadian-American multinational fast food holding company.Formed in 2014 by the $12.5 billion merger between American fast food restaurant chain Burger King and Canadian coffee shop and restaurant chain Tim Hortons, and expanded by the 2017 purchase of American fast food chain Popeyes Louisiana Kitchen, the company is the fifth-largest … We apologize, but this video has failed to load. Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc. A welcome email is on its way. This advertisement has not loaded yet, but your article continues below. Facebook. For the latest information related to COVID-19, Chief Operating Officer, Minto Properties and Minto Apartment REIT, Chief Investment Officer, Minto Properties and Minto Apartment REIT. Analysts were expecting average profit of 61¢ per share and revenue of $749-million, according to Thomson Reuters. Read more about cookies here. LinkedIn; Copy Link; Q&A: Tim Hortons CEO on Why the U.S. Is A Must-Win Market By David George-Cosh. PostPandemic: How COVID-19 is reshaping Canada, Tim Hortons stands by U.S. strategy, names Marc Caira CEO after two-year search, tap here to see other videos from our team. He replaces Paul House, who will become non-executive chairman of the board of directors at that time. They will be voted on by the company’s shareholders at its upcoming annual meeting on May 3 in Montreal, Quebec. Mr. Caira, a 59-year-old Canadian and father of four, will take the reins from Mr. House as CEO on July 2. Operating income dropped to $127.9-million from $131.6-million, while revenue climbed 1.4% to $731.5-million. That’s a fact Peter Sklar, analyst with BMO Nesbitt Burns, said in a note to clients will likely be a “significant concern to investors.” Mr. Sklar had estimated same-store sales of 1.8% in Canada and 2.5% in the U.S. for the quarter. View Marc Caira’s profile on LinkedIn, the world’s largest professional community. Tim Hortons Inc. Chief Executive Officer Marc Caira said Canada’s largest coffee and doughnuts chain must succeed in the U.S. as competition brings slower growth at home. space, property and investment management. The Minto Group refers collectively There was an error, please provide a valid email address. Comments may take up to an hour for moderation before appearing on the site. TORONTO — Following the appointment of new president and CEO, Marc Caira, last week, the company has announced the election of its Board of Directors. Executives attributed the declines to poorer weather this year compared with the same quarter in 2012, and the inclusion of statutory holidays in the first quarter this year that occurred in different quarters last year. Prior to his appointment to the Board of Minto Holdings Inc. in 2015, Marc held several senior positions including President and CEO of Tim Hortons Inc., Director of Tim Hortons Inc., Global CEO of Nestlé Professional and a member of the Executive Board of Nestlé S.A. in Switzerland, President and CEO of Parmalat North America, and President, Food Services and Nescafé Beverages for Nestlé Canada. Build a great LinkedIn and social media profile, Ross Macpherson, President of CareerQuest The inside scoop on the blockbuster $12.5 billion Tim Hortons / Burger King transaction, Marc Caira, Vice-Chairman, Restaurant Brands International and Canada’s Business Newsmaker of the Year (2014) “We believe there are opportunities to derive better returns in the U.S. market through a less capital intense development approach,” Mr. House added, in particular working on future expansion efforts in the U.S. market “with well-capitalized franchisees with the resources to develop and operate multiple locations in various markets.”. The Minto Group is a fully integrated real estate company offering new david has 1 job listed on their profile. Breadcrumb Trail Links. “That is the analysis we are working through right now.”. They will be voted on by the company’s shareholders at its upcoming annual meeting on May 3 in Montreal, Quebec. Both of the executives’ points addressed key strategic suggestions put forward in a March letter from U.S. activist hedge fund Highfields Capital that surfaced last week. Chief financial officer Cynthia Devine said the company is also seriously considering debt-funded share buybacks to take advantage of low borrowing rates. Since our humble beginnings in 1955, Minto Group has successfully built a fully integrated real estate company offering new homes and condos, rentals, furnished suites, property and … Our mission to build better places to live, work and play, one home and one relationship at a time, begins with our leaders. There are 5 professionals named "Mark Caira", who use LinkedIn to exchange information, ideas, and opportunities. Restaurant Brands International Inc. company facts, information and financial ratios from MarketWatch. Marc Caira is Former Vice Chairman at Restaurant Brands International LP. Please try again. Net income in the period fell 3% to $86.2-million, or 56¢ per share, down from $88.8-million, (56¢), a year ago. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. We encountered an issue signing you up. “We are committed to the U.S. market [and] continue to believe it holds great potential for us. Visit our Community Guidelines for more information and details on how to adjust your email settings. Known Locations: Niagara Falls NY 14304, Saint Louis MO 63144, Ballwin MO 63021 Possible Relatives: Elizabeth A Caira, Thomas Caira, Amy K Linne. “Everybody is selling a $1 beverage somewhere,” he added, noting that phenomenon was not a common practice a few years ago. View the profiles of professionals named "Mark Caira" on LinkedIn. Linkedin. The board of directors of supplier Gildan Activewear Inc. (PPAI 250187)) has nominated four new directors—Maryse Bertrand, Marc Caira, Charles M. Herington and Craig Leavitt. If you don't see it please check your junk folder. Established in 1968, Foodservice and Hospitality has a long history of engaging foodservice and hospitality decision makers — those with the authority to choose or recommend products and services. © 2021 Financial Post, a division of Postmedia Network Inc. All rights reserved. The next issue of Top Stories Newsletter will soon be in your inbox. Foodservice and Hospitality magazine is the authoritative voice of Canada’s foodservice and hospitality industry. Star Trek. Marc Thomas Caira, age 36, Niagara Falls, NY 14304 View Full Report. “The larger the additional leverage you would take on, the more impact it would have on the tax rate,” she said. Business Analyst Rogers Communications May 2017 - Sep 2017 5 months. TM & © 2020 Restaurant Brands International Inc. All product names and trademarks referred to in this website are the property of their respective owners. Teaching Assistant Ryerson University May 2015 - Aug 2016 1 year 4 months. “These results are very unusual for Tim Hortons, but in the current environment, they have not been uncommon in the restaurant sector,” Mr. House told analysts, noting consumer confidence has been tepid and sector competition is fierce. Tim Hortons Inc. reiterated a vow to stay in the United States amid pressure to exit its business in Dunkin Donuts territory. Marc Caira is the past Vice Chairman of the Board of Restaurant Brands International, the parent company of Tim Hortons, Burger King and Popeyes Louisiana Kitchen. Angela has 1 job listed on their profile. There are 2 professionals named "Marc Caira", who use LinkedIn to exchange information, ideas, and opportunities. Marc Cara, age 38, Braintree, MA 02184 View Full Report. Download your copy now and discover five days of unmissable content. Tim Hortons Inc. Chief Executive Officer Marc Caira said Canada’s largest coffee and doughnuts chain must succeed in the U.S. as competition brings slower growth at home. Canada Real Time sat down recently with Tim Hortons CEO Marc Caira to talk U.S. expansion, activist investors, growth prospects at home and of course, coffee. homes and condos, apartment rentals, furnished suites, commercial Tim Hortons Inc. signage is seen on the door of a restaurant in Toronto, Ontario, Canada, on Monday, Sept. 16, 2013. He then returned to Nestle and was most recently the global head of Nestle Professional, its out-of-home business. See Marc Caira's compensation, career history, education, & memberships. But questions about the chain's expansion plans remain. Caira helped Parmalat’s North American operations steer through a recapitalization of the Canadian unit when its parent company was struggling, Mr. House added. Kostuch Media Ltd. Kostuch Media covers the dynamic and ever-evolving hospitality industry by delivering a diverse array of media products for today’s sophisticated marketers. We ask you to keep your comments relevant and respectful. We have enabled email notifications—you will now receive an email if you receive a reply to your comment, there is an update to a comment thread you follow or if a user you follow comments. The board of directors of supplier Gildan Activewear Inc. (PPAI 250187)) has nominated four new directors—Maryse Bertrand, Marc Caira, Charles M. Herington and Craig Leavitt. to Minto Holdings Inc. and its affiliated companies. The country’s biggest restaurant chain reported its first quarter of negative Canadian same-store sales since its initial public offering in 2006. Visualizza su LinkedIn i profili dei professionisti con il seguente nome: “Caira”. Marc Caira, CEO of Nestlé Professional, said: “We are very excited to welcome Vitality Foodservice into the Nestlé Professional family. They were incredibly helpful in partnering with us to produce measurable results in multiple areas of our business." Mr. House said as a Canadian, Mr. Caira had an understanding of the brand’s importance in Canada. Twitter. He currently serves as a Director on the Board of Gildan, one of the world's leading manufacturers of active wear, and the Board of Toronto General and Western Hospital Foundation. Caira will also stand for election as a director at the annual meeting of shareholders. Tim Hortons Inc. announced the appointment of Marc Caira as president and CEO, effective July 2. Highfields, which has accumulated about 4% of outstanding shares, also suggested Tim Hortons consider exiting the U.S entirely and convert part of its business to a real estate investment trust, as Loblaw Cos. Ltd. plans to do this summer. “In accordance with the corporation’s bylaws, and, as announced at the Annual Meeting, the Board of Directors subsequently nominated Mr. Marc Caira as a substitute nominee to the Board in place of a director who passed away unexpectedly … Mr. Caira helped Parmalat’s North American operations steer through a recapitalization of the Canadian unit when its parent company was struggling, Mr. House added. “The U.S. for me is what I call a must-win battle,” Caira, 59, said in an interview Monday at a Tim Hortons coffee shop near the company’s Oakville, Ontario headquarters. Marc Caira Vice Chair Restaurant Brands International "In my dealings with Eagle’s Flight, the people at the top took a personal interest in working with us. He currently serves as a Director on the Board of Gildan, one of the world's leading manufacturers of active wear, and the Board of Toronto General and Western Hospital Foundation. Subway Restaurants keeps growing steadily in Canada even though the fast-food sandwich purveyor has not followed rivals McDonald’s and Tim Hortons in … He is also a graduate of the Director Program at The International Institute for Management Development, Lausanne Switzerland. Tim Hortons CEO Marc Caira charms the Street Back to video “Caira’s remarks and discussion reinforce our view that Tim Hortons has an ideal leader,” said Ms. Baker in a note to clients. 365 Bloor Street East, Toronto, Ontario, M4W 3L4. Retail & Marketing; Subway thrives in Canada while avoiding beverage wars. “We believe there may be greater value creation potential in adding leverage,” Ms. Devine said, adding executives are “actively exploring,” options for possible changes to its capital structure. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Tim Hortons also said Marc Caira, a long-time Nestle SA executive, would take over the helm of the company beginning in July, ending a two-year search. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Risultano 1.100+ professionisti il cui nome è “Caira” che utilizzano LinkedIn per scambiare informazioni, idee e opportunità. Marc Caira is the past Vice Chairman of the Board of Restaurant Brands International, the parent company of Tim Hortons, Burger King and Popeyes Louisiana Kitchen. The Canadian coffee chain has a current agreement with Dubai-based Apparel to open up to 120 restaurants over five years in the GCC including United Arab Emirates, Oman, Bahrain, Kuwait and Qatar. We're committed to keeping our communities and our people safe. Recommended. View Angela Bally’s profile on LinkedIn, the world's largest professional community. Tim Hortons Inc. Chief Executive Officer Marc Caira said Canada s largest coffee and doughnuts chain must succeed in the U.S. as competition brings slower growth at home. TORONTO • Tim Hortons Inc. reiterated a vow to stay in the United States amid pressure to exit its business in Dunkin Donuts territory, but as company executives hailed the announcement of a new, seasoned CEO, they also took pains to address key concerns about boosting shareholder value voiced last week by activist investors. Our experienced leaders guide the success of our company, our employees and ultimately our communities. View the profiles of professionals named "Marc Caira" on LinkedIn. Webinar: Food fraud prevention strategy – a global perspective on testing, monitoring and verification. In-depth reporting on the innovation economy from The Logic, brought to you in partnership with the Financial Post. However, we believe we can and should be achieving improved returns,” chief executive Paul House told a first-quarter conference call with analysts on Wednesday after the restaurant chain reported falling same-store sales and earnings. While it can seem like there's a Tim Hortons coffee shop on every Canadian street corner, the coffee-and-doughnut chain still sees room to grow on its home turf. Neuroplasticity; idiots. Tim Hortons named longtime Nestlé executive Marc Caira as CEO, ending a nearly two-year search for a permanent successor to acting Chief Executive Paul House. TORONTO - The $12-billion merger between Tim Hortons Inc. (TSX:THI) and Burger King has been finalized. ... Next article Icons and Innovators with Marc Caira, President and CEO of Tim Hortons. The critical performance barometer in retail and foodservice tallies volume at outlets open for more than a year. Marc Caira, Deputy Executive Vice President in charge of Nestlé Professional, our globally-managed business dedicated to out-of-home, will retire at the end of April 2013 after 36 years with the Nestlé group. While Tim Hortons faces increased investor heat for slow growth in its U.S. unit, the company said it has enhanced its development agreement with Apparel FZCO to develop up to 100 more Tim Hortons outlets in Saudi Arabia over the next five years. Same-store sales in the period ended March 31 fell 0.5% in the U.S., while sales in Canada slipped 0.3%. Marc has 6 jobs listed on their profile. Tim Hortons' two-year search for a new CEO has ended with the appointment of Marc Caira. The chain has announced it will launch its pop-up shop to honour its 50th anniversary. Mr. Caira has also served as president and chief executive of Parmalat North America and as president of food services and Nescafe beverages for Nestle Canada, where he began his career in 1977. Restaurant Brands International Inc. (TSX, NYSE: QSR) is pleased to announce the successful completion of the transaction with Tim Hortons Inc. (TSX, Mr. Caira worked at Parmalat from 2000 to 2006 in varying executive roles. It has 27 restaurants in those markets and 20 more are planned for this year. “It is readily apparent that Caira has tremendous respect for the organization and the brand and sees opportunity for greater leverage of the assets.”

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