Tim Hortons CEO quits

Abrupt departure leaves company casting for a replacement

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.

CBC News

Looking for more?

Get the Best of Maclean's sent straight to your inbox. Sign up for news, commentary and analysis.