Tim Hortons parent company taps former Domino’s CEO as new executive chair

as its new executive chair, and is giving him one of the largest sign-on executive compensation packages in Canadian history.is expected to announce Patrick Doyle as its new executive chair on Wednesday. He will replace co-chairs Alex Behring and Daniel Schwartz, who are co-managing partners of 3G Capital, RBI’s largest shareholder. Both Mr. Behring and Mr. Schwartz will remain on the board.

Mr. Doyle is expected to take an active role in advising the company’s executive team, which is in the midst of a two-year, US$400-million investment in improving Burger King’s lagging U.S. business. RBI has begun to see improvements in its Tim Hortons business, following what the company called a “back to basics” turnaround plan.

in digital technology. Mr. Doyle appeared in an ad campaign that highlighted customer complaints about Domino’s tasting “like cardboard,” and explained what the company was doing to improve its recipe. RBI is also betting on Mr. Doyle’s track record of shareholder returns: When he became chief executive, Domino’s shares traded at roughly US$10; by the time he announced plans to leave, in January, 2018, the share price had exceeded US$200.

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