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Search resuls for: "Patrick Doyle"


7 mentions found


☆ Restaurant Brands Taps Former Domino’s CEO as Chairman
  + stars: | 2022-11-16 | by ( Heather Haddon | ) www.wsj.com   time to read: 1 min
The former chief executive of Domino’s Pizza Inc. is joining Burger King parent Restaurant Brands International Inc. as its executive chairman, and will take a stake in the company as it seeks to improve its operations. Patrick Doyle , an executive partner at investment firm Carlyle Group Inc., will buy 500,000 company shares valued at around $30 million and take leadership of Restaurant Brands’ board immediately, the company said Wednesday. Mr. Doyle, 59 years old, will receive equity awards instead of a salary as he works with Restaurant Brands executives to improve its stock performance and equity value, the company said.
☆ Burger King parent taps ex-Domino's CEO as executive chairman
  + stars: | 2022-11-16 | by ( Hilary Russ | ) www.reuters.com   time to read: +2 min
Its share price surged from $12 in 2010, when he took over as CEO, to $271 when he left in 2018. RBI's share price closed at $59.74 on Tuesday, roughly flat from where it was five years ago. Behring and Schwartz are co-managing partners of 3G Capital Partners Ltd, which owns 29% of RBI's shares. Doyle agreed to buy 500,000 shares worth about $30 million and to hold them for five years, subject to regulatory approvals. He will also get 750,000 performance share units that pay out if he hits certain performance criteria.
☆ Burger King owner Restaurant Brands taps former Domino's CEO Patrick Doyle as chair
  + stars: | 2022-11-16 | by ( Amelia Lucas | ) www.cnbc.com   time to read: +3 min
Restaurant Brands International announced Wednesday that it is tapping former Domino's Pizza CEO Patrick Doyle as its executive chair. Doyle's appointment comes as Restaurant Brands tries to turn around Burger King's U.S. business. The Brazilian private equity firm took Burger King private in 2010, merged it with Tim Hortons in 2014 and named the new company Restaurant Brands International. To receive the performance share units, Restaurant Brands' stock will have to compound annually at least 6%, with the payout increasing if shares rise 10% and 15% annually. After leaving Domino's, Doyle joined the Carlyle Group as an executive partner focused on acquisitions.
☆ Patrick Doyle on Burger King's $400 million investment to revitalize its U.S. sales
  + stars: | 2022-11-16 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPatrick Doyle on Burger King's $400 million investment to revitalize its U.S. salesCramer spoke with the Restaurant Brands incoming executive chair on Wednesday.
☆ Toronto stocks slip on oil drag, inflation data
  + stars: | 2022-11-16 | by ( Johann M Cherian | ) www.reuters.com   time to read: +2 min
SummarySummary Companies Annual inflation remains unchangedRestaurant Brands International rises on CEO changeLoblaw up after Q3 sales beatNov 16 (Reuters) - Canada's commodity-heavy stock index fell on Wednesday as oil prices declined, while investors digested data showing domestic annual inflation rate held steady in October. ET (1537 GMT), the Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) was down 51.55 points, or 0.26%, at 19,943.23, after closing higher in the previous session. Canada's annual inflation rate held steady at 6.9% in October, as gasoline prices rose after OPEC+ countries announced production cuts, while higher interest rates pushed up mortgage costs by 11.4%, the largest jump since February 1991. "There is a 40% chance of a 50 basis points of tightening if inflation doesn't show more evidence of easing as we've seen in the United States," he added. The BoC has hiked its benchmark rate by 350 basis points since March to 3.75%, one of its fastest tightening cycles ever.
☆ Stocks making the biggest moves midday: Target, Carnival, Advance Auto Parts, Lowe's and more
  + stars: | 2022-11-16 | by ( Samantha Subin | ) www.cnbc.com   time to read: +3 min
Advance Auto Parts — Advance Auto Parts tumbled 16.3% after reporting lower-than-expected quarterly earnings after the bell Tuesday. Lowe's said the company, unlike Target, is not seeing negative inflation impact on sales. O'Reilly Automotive — Shares automotive parts retailer added 2% after the company upped its share repurchase program by $1.5 billion. Oscar Health — The insurance stock added 1.9% after Wells Fargo upgraded the stock to overweight, saying shares can rally nearly 40% going forward. Lincoln National — Shares added 2.1% following an upgrade to a buy rating by Goldman Sachs.
☆ Putin's behavior sign of failing Ukraine invasion, says Canada's Trudeau
  + stars: | 2022-09-21 | by ( Ismail Shakil | ) www.reuters.com   time to read: +2 min
REUTERS/Patrick DoyleSept 21 (Reuters) - Russian President Vladimir Putin's military mobilization order and threats to use nuclear weapons show that the Ukraine invasion is failing, Canadian Prime Minister Justin Trudeau said on Wednesday, condemning Moscow's announcement as unacceptable. "Putin's behavior only goes to show that his invasion is failing," Trudeau said. He also threatened to use nuclear weapons to defend Russia, declaring: "It's not a bluff". Trudeau said the threats of nuclear weapons need to be taken seriously and Western allies need to "stand very firmly against" them. Canada would continue to support Kyiv by strengthening its sanctions on Russia and sending military aid to Ukraine, he said.
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