Tim Hortons announced on Wednesday that its president and CEO, Don Schroeder, has abruptly left the company. He will be replaced on a temporary basis by predecessor Paul House. It’s not clear what prompted Schroeder’s departure, though one unnamed analyst speculated to CBC News that the split wasn’t amicable. Tim Hortons stock price dropped by more than four per cent after its quarterly results, released two weeks ago, fell short of analysts’ expectations.
Wednesday, May 25, 2011