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Restaurant Brands International Inc
Symbol QSR
Shares Issued 316,399,903
Close 2024-05-29 C$ 90.92
Market Cap C$ 28,767,079,181
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Restaurant Brands adds Siewert senior adviser, Asia-Pac

2024-05-29 16:44 ET - News Release

Mr. Patrick Doyle reports

RESTAURANT BRANDS INTERNATIONAL INC. APPOINTS PATRICK SIEWERT AS SENIOR ADVISOR IN ASIA-PACIFIC REGION

Restaurant Brands International Inc. has appointed Patrick Siewert as its senior adviser 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 to 2007, and then as managing director for the Carlyle Group in Asia from 2007 to 2023.

In 2017, Mr. Siewert led the Carlyle Group's acquisition of 28 per cent of McDonald's China and Hong Kong business, and continued as a senior adviser 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 Restaurant Brands 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 Restaurant Brands.

"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 adviser to help us realize our many opportunities in the region," said Josh Kobza, chief executive officer of Restaurant Brands.

Restaurant Brands had more than 4,500 restaurants in Asia as of Dec. 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 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. Restaurant Brands 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, Restaurant Brands is improving sustainable outcomes related to its food, the planet, and people and communities.

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