Tim Hortons Names New CEO

Tim Hortons will have a new nameplate on the door of its chief executive's office starting this summer. The company announced that it has named Marc Caira as CEO, effective July 2. He succeeds Paul House, who will remain in his post as chairman of the board.

Caira, a 59-year-old Canadian national, is a food industry veteran. He most recently served as global CEO of Nestle unit Nestle Professional. He also held a seat on Nestle's executive board.

Tim Hortons quoted House, the man Caira is replacing, as saying that the incoming CEO "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."

The article Tim Hortons Names New CEO originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in any stocks mentioned, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Learn about investing from the comfort of your own home.

Portfolio Basics

Take the first steps to building your portfolio.

View Course »

Investment Strategies

Learn the strategies you need to build a winning portfolio

View Course »

Add a Comment

*0 / 3000 Character Maximum