Tim Hortons Inc.outlined its growth plans — which include 900 new North American locations over the next three years — at its investor conference today.
The Tim Hortons strategic plan targets investments and opportunities designed to leverage its core business strengths and business model to drive future growth
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Friday, March 5, 2010
Red Robin Forms Committee to Replace CEO
Restaurant chain Red Robin Gourmet Burgers (RRGB: 23.17, 0.98, 4.42%) announced plans Friday to form a committee that will find a new CEO to replace chief executive Dennis Mullen.
The company has seen sales drop by more than 11% in the last year, and said in its filing with the SEC that it will look to find a new CEO by December 31. Mullen’s contract with the company runs through 2012, so it is unclear whether or not he would be replaced before that expiration.
Pattye Moore, chair of Red Robin's board, said the committee has been formed to aid the board of directors in its overall succession planning.
"This has been an ongoing process and Dennis Mullen is under contract through December 2012, so we look forward to a seamless transition when we find a great candidate," Moore said in a company statement.
The search to replace 66-year-old Mullen will involve the appointment of three new board members including Robert Aiken, former CEO of U.S. Foodservice, Lloyd Hill, former CEO of Applebee's and Stuart Oran, former board member at Wendy's
The company has seen sales drop by more than 11% in the last year, and said in its filing with the SEC that it will look to find a new CEO by December 31. Mullen’s contract with the company runs through 2012, so it is unclear whether or not he would be replaced before that expiration.
Pattye Moore, chair of Red Robin's board, said the committee has been formed to aid the board of directors in its overall succession planning.
"This has been an ongoing process and Dennis Mullen is under contract through December 2012, so we look forward to a seamless transition when we find a great candidate," Moore said in a company statement.
The search to replace 66-year-old Mullen will involve the appointment of three new board members including Robert Aiken, former CEO of U.S. Foodservice, Lloyd Hill, former CEO of Applebee's and Stuart Oran, former board member at Wendy's
Irish Government to run Hotels?
THREE LANDMARK London hotels, the Berkeley, Claridges and the Connaught, which are owned by financier Derek Quinlan's Maybourne Hotel Group, may end up being controlled by the National Asset Management Agency (Nama) within the next few months as the transfer of an initial €16 billion in loans nears completion.
According to well-placed sources, the first tranche of properties earmarked for Nama will also include five prestigious Irish hotels: the Shelbourne, the K-Club, the Ritz-Carlton hotel in Wicklow, and the Radisson and G Hotel in Galway. All these high-profile establishments are linked to the top 10 developers whose multi-billion-euro portfolios will form the first wave of €80 billion in loans being moved into the State's asset recovery agency.
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According to well-placed sources, the first tranche of properties earmarked for Nama will also include five prestigious Irish hotels: the Shelbourne, the K-Club, the Ritz-Carlton hotel in Wicklow, and the Radisson and G Hotel in Galway. All these high-profile establishments are linked to the top 10 developers whose multi-billion-euro portfolios will form the first wave of €80 billion in loans being moved into the State's asset recovery agency.
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