MIAMI - April 11, 2013 - (BUSINESS WIRE) - Burger King Worldwide, Inc. (NYSE:BKW) today announced an evolution of its senior management team as Chief Executive Officer Bernardo Hees and Chief Financial Officer Daniel Schwartz assume new roles within the company. With a succession plan firmly in place, additional changes to BKW’s senior management team are a testament to the depth and breadth of the company’s leadership team as well as to the company’s commitment to developing top-performing talent within the organization.
Since 2010, under the direction of Mr. Hees and Mr. Schwartz, the company’s leadership team has led a global transformation of the Burger King® brand that continues to position the company for long-term growth. The company strategy will remain the same, focused on aggressive international growth and the “Four Pillar” strategy in North America.
Effective immediately, the following executives have been appointed to new and/or expanded roles:
“When I first took on the role of CEO nearly three years ago, I knew that building a solid and deep leadership team was critical for our long-term success. Today, that seasoned team begins the transition with the depth of institutional experience necessary to move the company forward,” said Bernardo Hees, CEO, Burger King Worldwide, Inc. “As I prepare to begin a new and exciting chapter in my life, I am confident this dynamic group will continue to grow the Burger King® brand and, as Vice Chairman, I will stay a part of this great story.”
“In a short time, this management team has positioned the brand for long-term profitable growth,” said Daniel Schwartz, Chief Operating Officer. “I am confident in our strategy for maintaining our momentum and in the power of the Burger King® brand globally.”
Mr. Hees will not be selling any BKW shares as a result of these changes. He, along with 3G Capital, BKW’s primary shareholder group, remain committed to the Burger King® brand for the long-term. Alex Behring will remain actively involved in the business as Executive Chairman, BKW Board of Directors.
Founded in 1954, Burger King® (BKW) is the second largest fast food hamburger chain in the world. The original Home of the Whopper®, the Burger King® system operates in nearly 13,000 locations serving over 11 million guests daily in 86 countries and territories worldwide. Approximately 97 percent of Burger King® restaurants are owned and operated by independent franchisees, many of them family-owned operations that have been in business for decades. To learn more about Burger King Worldwide, Inc, please visit the company's website at www.bk.com or follow us on Facebook and Twitter.
3G Capital is a global investment firm focused on long-term value, with a particular emphasis on maximizing the potential of brands and businesses. The firm and its partners have a strong history of generating value through operational excellence, board involvement, deep sector expertise and an extensive global network. 3G Capital works in close partnership with management teams at its portfolio companies and places a strong emphasis on recruiting, developing and retaining top-tier talent. 3G Capital’s main office is in New York City. For more information on 3G Capital, please go to http://www.3g-capital.com.
This press release contains forward-looking statements, including statements regarding our expectations and belief about the ability of the new management team to grow the Burger King® brand; our expectations and belief regarding the ability of the Burger King® brand to achieve long-term profitable growth; and our expectations and belief about our strategy for maintaining our momentum. These forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Important factors could cause actual events to differ materially from those expressed or implied by these forward-looking statements. These factors include, but are not limited to, those risk factors set forth in our filings with the Securities and Exchange Commission. Neither we nor any other person assumes responsibility for the accuracy or completeness of any of these forward-looking statements as predictions of future events. You should not rely upon forward-looking statements as predictions of future events. We do not undertake any responsibility to update any of these forward-looking statements to conform our prior statements to actual results or revised expectations.