Tim Hortons details senior management transition
February 19, 2008
by FoodBusinessNews.net Staff
OAKVILLE, ONT. — Tim Hortons Inc. on Tuesday announced a significant management transition, effective March 1.
Paul House, current chairman and former president and chief executive officer, has been named executive chairman. Mr. House joined Tim Hortons in 1985 as vice-president of marketing. He later held several positions, including senior vice-president of operations, executive vice-president of operations and chief operating officer. He was named president and c.e.o. in 2006.
Succeeding Mr. House as president and c.e.o. will be Don Schroeder. Mr. Schroeder also has been named to the board of directors, effective immediately.
Mr. Schroeder joined Tim Hortons in 1991 and has held various executive leadership roles, most recently with oversight for distribution, manufacturing, real estate and construction. Prior to joining Tim Hortons he practiced corporate and franchise law and had ownership interests in several Tim Hortons restaurants.
"Paul approached the board some time ago indicating his interest in evolving his role to focus more on overall corporate strategy, franchisee relations and board leadership," said Frank Iacobucci, lead director. "At the same time, he recognized the organization has a tremendously capable executive group able to assume increased leadership accountability so the timing was good for a transition in roles. The board conducted a rigorous c.e.o. succession planning process over the subsequent months, and has confirmed our belief that Don Schroeder has the ideal breadth of strategic leadership skills, knowledge of the sector and Tim Hortons business to assume the key leadership role of president and c.e.o."