Burger King Worldwide, Inc. Elevates Company’s Top Talent as C.E.O. Bernardo
Hees and C.F.O. Daniel Schwartz Assume New Roles within BKW
Succession Plan Has Executive Team Well Positioned to Lead Company for
Long-Term Profitable Growth
MIAMI -- April 11, 2013
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:
Bernardo Hees will continue to serve as Chief Executive Officer until the
earlier of the completion of the acquisition of H.J. Heinz Company (NYSE:HNZ)
or July 1, 2013, at which point he will be appointed to the role of Vice
Chairman, Board of Directors. Mr. Hees will continue to serve on BKW’s
Upon completion of the Heinz transaction, Mr. Hees will assume the new role of
Chief Executive Officer, H.J. Heinz Company.
Daniel Schwartz is appointed to the role of Chief Operating Officer, reporting
to Mr. Hees. In this new role, the company’s senior management team will
report directly to Mr. Schwartz. On July 1, 2013, Mr. Schwartz will be
appointed to the role of Chief Executive Officer, reporting to the BKW Board
of Directors and working closely with Executive Chairman Alex Behring.
Since 2010, Mr. Schwartz has served as the company’s Chief Financial Officer.
During this time, he has successfully led many of the company’s key global
initiatives, including: an aggressive international growth plan with new
master franchise partnerships in China, Russia and Brazil; the North America
restaurant image transformation program; and the company’s return to the New
York Stock Exchange in June 2012.
Prior to joining BKW, as a Partner at 3G Capital, Mr. Schwartz was responsible
for sourcing, analyzing and executing the firm’s acquisition of BKW.
Joshua Kobza will succeed Mr. Schwartz as Chief Financial Officer. In this
role, Mr. Kobza will manage the company’s global finance function including,
finance, accounting and real estate.
Mr. Kobza was previously Senior Vice President, Global Finance, responsible
for treasury, financial planning and analysis and investor relations. He
joined the company in June 2012 and will continue to report to Mr. Schwartz.
Steve Wiborg is promoted to the role of Chairman, North America. In this
elevated role, Mr. Wiborg will be responsible for managing the company’s North
America franchise efforts. More importantly, he will focus on the brand’s
long-term strategies for North America. Mr. Wiborg will report to both the CEO
and Vice Chairman of the BKW Board of Directors.
A member of the BURGER KING^® system for more than 25 years, Mr. Wiborg was
most recently Executive Vice President and President, North America. In that
role, he was instrumental in leading the company’s “Four Pillar” strategy for
North America, including the most expansive menu overhaul in the BURGER KING^®
Succeeding Mr. Wiborg is Alex Macedo, who takes on the role of President,
North America. In this role, Mr. Macedo will lead the North America business
and will report to both Mr. Schwartz and Mr. Wiborg.
Since joining the company in 2011, Mr. Macedo has been a driving force of the
brand relaunch in North America. Most recently, as Senior Vice President and
General Manager, United States, he worked closely with the company’s field
teams and with franchisees to improve the BURGER KING^® guest experience. In
his previous role as Senior Vice President, North America Marketing, Mr.
Macedo led the company’s marketing efforts for the largest menu overhaul in
the brand’s history.
Other changes to the Executive Team include Rodrigo Musiello who is elevated
to the role of Executive Vice President, Global Operations and Jose Dias who
will assume the role of Executive Vice President, Global Development and
President, Latin America and the Caribbean. Both Mr. Musiello and Mr. Dias
will report directly to Mr. Schwartz.
“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.
About Burger King Worldwide, Inc.
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.comor follow us onFacebookandTwitter.
About 3G Capital
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
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
Burger King Worldwide, Inc.
Miguel Piedra, 305-378-7277
Rahul Ketkar, 305-378-7696
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