Tim Hortons Inc (THI.TO) has promoted Don Schroeder to president and chief executive, and also made him a company director, the coffee and doughnut retailer said on Tuesday.
It also said that Paul House, 64, the incumbent CEO, has been appointed full-time executive chairman. Both appointments are effective March 1.
“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,” company director Frank Iacobucci said in a statement.
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