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 José Parés, 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. Parés.
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.
Source:
Restaurant Brands
[Category: Hospitality, Restaurants/ Food Chains, Management Changes]
