Restaurant Brands appoints new director
Restaurant Brands has appointed David Beguely as a non-executive director effective from April.
Beguely is Australian based with dual Australian and New Zealand citizenship and joins the fast food operator after retiring as of CEO Asahi Beverages in 2015 after 25 years with the organisation.
He has over 35 years’ experience in the food and beverages industries, most recently involving the separation of Schweppes from Cadbury Schweppes Australia Pty Ltd in 2007, and the sale and purchase process where Schweppes Australia was acquired by Asahi Breweries of Japan.
David has been a member of the advisory board of Beak and Johnston Pty Ltd since 2012 where he currently chairs the Nominations and Remuneration Committee, and has been a Graduate member of the Australian Institute of Company Directors since 2010. He holds a BSc from the University of Otago and a BE from Canterbury University.
Restaurant Brands, has closed its full year sales up 28 per cent to $500 million, boosted by its acquisition of 42 KFC outlets in Australia.
New Zealand operations generated sales of $400.0 million, up 3.2 per cent, with an additional $97.2 million generated by the Aussie KFC outlets that were acquired in April 2016.
The 42 acquired stores contributed AUD$92.5 million (NZD$97.2 million) in total sales in the ten months since acquisition.