BUSINESS

Elias Diaz Sese, Former Burger King Exec, Named To Head Tim Hortons

12/15/2014 03:55 EST | Updated 02/14/2015 05:59 EST
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A customer holds a coffee cup outside a Tim Hortons Inc. restaurant in Toronto, Ontario, Canada, on Monday, Sept. 16, 2013. Tim Hortons Inc. Chief Executive Officer Marc Caira said Canadas largest coffee and doughnuts chain must succeed in the U.S. as competition brings slower growth at home. Photographer: Brent Lewin/Bloomberg via Getty Images
OAKVILLE, Ont. - The Burger King executive in charge of the fast food chain's expansion in Asia was named Monday to take over the reins at Tim Hortons.

The company named Elias Diaz Sese as president for Tim Hortons Brand following the takeover of the company by Burger King last week in a more than $12-billion stock and cash deal.

Diaz Sese replaces Tim Hortons chief executive Marc Caira, who moves to the role of vice-chairman of Restaurant Brands International (TSX:QSR), the new name of the combined company, following the acquisition of the Canadian coffee and doughnut chain.

Daniel Schwartz was named Restaurant Brands chief executive.

Diaz Sese, most recently president for Burger King Asia Pacific, is expected to move with his family from Singapore to Oakville, Ont., as he takes on his new job.

Also announced Monday was the appointment of David Clanachan as president and chief operating officer for Tim Hortons Canada. He has been chief operating officer at Tim Hortons since August 2012.

Mike Meilleur was appointed president for Tim Hortons U.S. He was executive vice-president, Tim Hortons U.S.A., before the merger.

Burger King closed its takeover of Tim Hortons Inc. on Friday.

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