Seasoned Nestlé SA global foodservices executive to join Tim Hortons in
OAKVILLE, ON, May 8, 2013 /CNW/ - Tim Hortons Inc. (TSX: THI, NYSE: THI)
today announced the appointment of Marc Caira as President and CEO,
effective July 2nd, 2013. He replaces Paul House, who will become
non-Executive Chairman of the Board of Directors at that time. Mr.
Caira will also stand for election as a director at the annual meeting
Mr. Caira, 59, was most recently Global CEO of Nestlé Professional. In
this role, he led a global organization of 10,000 employees that
operates in approximately 100 countries. He was also a member of the
Executive Board of Nestlé SA, the world's largest food and beverage
company, and a recognized leader in nutrition, health and wellness.
Among the roles he held prior to his most recent position, which he was
appointed to in 2006, Mr. Caira was President & CEO of Parmalat North
America, Chief Operating Officer of Parmalat Canada, and President,
Food Services and Nescafe Beverages for Nestlé Canada.
"Marc Caira is an accomplished executive with exceptional knowledge of
the North American and global foodservices industry. His knowledge of
the out-of-home hot and cold beverage and food sectors is second to
none. Marc's strategic leadership capabilities, vision and tremendous
depth of experience make him the ideal leader to take Tim Hortons into
the future, and I am confident the Company is in great hands," said
Paul House, executive chairman, Tim Hortons Inc.
"Tim Hortons is an iconic brand and national treasure in Canada, and in
my view the Company has tremendous opportunity to build on that while
creating successful businesses in the United States and
internationally. It's an honour to lead this organization at such an
important time in its history, and I am looking forward to working with
restaurant owners, the management team, employees, investors and other
key stakeholders on the next leg of growth," noted Caira.
The Nestlé Professional global out-of-home business was created in
2006, and under Mr. Caira's leadership, experienced significant
strategic transformation and expansion in the hot and cold beverage and
food sectors. Mr. Caira also helped Parmalat's North American
operations successfully navigate a time of significant adversity in its
parent company, recapitalizing the Canadian business and ensuring the
continuation of a large, viable and profitable business.
Appointment: July 2nd, 2013
Family: Married to Helan Caira for 34 years, four children
Tim Hortons Inc. Overview
Tim Hortons is one of the largest publicly-traded restaurant chains in
North America based on market capitalization, and the largest in
Canada. Operating in the quick service segment of the restaurant
industry, Tim Hortons appeals to a broad range of consumer tastes, with
a menu that includes premium coffee, espresso-based hot and cold
specialty drinks including lattes, cappuccinos and espresso shots,
specialty teas, fruit smoothies, home-style soups, fresh Panini and
classic sandwiches, wraps, hot breakfast sandwiches and fresh baked
goods, including our trademark donuts. As of March 31st, 2013, Tim
Hortons had 4,288 systemwide restaurants, including 3,453 in Canada,
808 in the United States and 27 in the Gulf Cooperation Council. More
information about the Company is available at www.timhortons.com.
SOURCE: Tim Hortons Inc.
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