Announcement
ADMIN: RBD: Restaurant Brands announces retirement of its CEO And CFO
08:30am
RBD
07/09/2022 08:30
ADMIN
PRICE SENSITIVE
REL: 0830 HRS Restaurant Brands New Zealand Limited
ADMIN: RBD: Restaurant Brands announces retirement of its CEO And CFO
ANNOUNCEMENT
NZX/ASX Release
7 September 2022
RESTAURANT BRANDS ANNOUNCES RETIREMENT OF ITS CEO AND CFO IN 2023
Restaurant Brands New Zealand Limited (RBD) announced today that Russel
Creedy, Group Chief Executive Officer, and Grant Ellis, Group Chief Financial
Officer, will both be retiring from the company in 2023. Mr. Creedy will
retire on March 31st and Mr. Ellis on May 31st.
"It is with a sense of sadness and great appreciation for their long history
with our company that I received the news that both Russel and Grant have
decided to retire from Restaurant Brands. They have made an enormous
contribution with their leadership and expertise to our company's growth and
transformation, and they will be greatly missed," said Jose Pares, Chairman
of the Board.
"In addition to their many accomplishments over more than 20 years with the
company, most recently Mr. Creedy and Mr. Ellis played a key role in RBD's
milestone of achieving more than one billion New Zealand dollars in sales for
2021", stated Mr. Pares.
Under the leadership of these two men, Restaurant Brands has consolidated its
presence in the QSR market and now operates 359 KFC, Taco Bell, Pizza Hut,
and Carl's Jr stores in New Zealand, Australia, California, and Hawaii plus
is the master franchisor of 101 Pizza Hut stores in New Zealand. The company
employs over 11,000 people across these countries.
Russel Creedy and Grant Ellis will continue to be directly involved in the
business until their retirement, thus ensuring a smooth transition. Following
his retirement, Grant Ellis will serve as advisor to the RBD's Chairman and
new CFO, and Russel Creedy will serve as special advisor to Finaccess Capital
and Subsidiaries, the majority shareholder of RBD.
The Board of Directors of Restaurant Brands will commence a search process
for both positions.
"Restaurant Brands has been a big part of my life for the past twenty-five
years and it has been a privilege to contribute to its growth and success
over that time." said Grant Ellis, who has served as Chief Financial Officer
for Restaurant Brands since its listing in 1997.
Russel Creedy first joined Restaurant Brands in 2001 as Supply Chain Manager
and he also served as General Manager for Pizza Hut in New Zealand. He was
appointed as Restaurant Brands' Chief Executive Officer in 2007. "I have
really enjoyed my time with the company, as well as the challenges over the
years, and I am proud of its achievements." Russel Creedy said.
About Restaurant Brands
Restaurant Brands is a corporate franchisee and specialises in managing
multi-site branded food retail chains. Its restaurant New Zealand Customer
Service Centre and corporate office is located in Penrose in Auckland, with
regional Customer Service Centres in Sydney, Honolulu, and Los Angeles.
Restaurant Brands is listed on the New Zealand Stock Exchange under NZX code
RBD and on the Australian Securities Exchange under ASX code RBD.
For further information please contact:
Grant Ellis/Russel Creedy
Group CFO/CEO
Phone: +64 9 525 8723
Authorised by:
Callum Webb
Company Secretary
+64 9 525 8700
ENDS
End CA:00398364 For:RBD Type:ADMIN Time:2022-09-07 08:30:47
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