BROS
Dutch Bros (BROS) announced that it would name Christine Barone as President.
Ms. Barone will begin in Q1 2023 and report to Joth Ricci, who will remain as CEO. Ms. Barone has been the CEO at True Food Kitchen since August 2016. Before that, she served in various leadership roles at Starbucks. Earlier in her career, she held positions with Bain & Company and Raymond James. She holds a BA in Applied Mathematics and an MBA from Harvard University. "As President of Dutch Bros, Ms. Barone will spearhead company operations as the brand continues to scale towards its goal of 4,000 shops in the next 10 to 15 years. Her hands-on leadership, deep knowledge of the coffee and service industries, and digital marketing expertise will be crucial in Dutch Bros’ next growth phase." Dutch operates 641 locations, up over 100 stores YoY. The company has been rapidly expanding its drive-thru shops, which sell a selection of espresso-based beverages, energy and other drinks.
QSR
This was a funny headline. A company with a name normally associated with MCD, "McWin" is opening Burger Kings.
McWin enters into Master Franchise and Development Agreements to develop Burger King in the Czech Republic, Poland & Romania, and Popeyes in Czech Republic & Poland, as part of a Europe expansion. New restaurants are expected to open in 2023. That said, the company is trying to accelerate growth, and it made no bones about why it hired Patrick Doyle; It is not satisfied with its overall growth rate thus far.
USFD
Distribution giant US Foods has tapped Dave Flitman, the former leader of arch-rival Performance Foodservice, as its new CEO. Flitman, who left Performance in 2018 after a three-year run, will assume the top job at US Foods on Jan. 5. He is currently CEO and president of Builders FirstSource, a building-supplies vendor with annual revenues of about $23 billion, according to US Foods. Flitman will succeed Andrew Iacobucci, who has been fulfilling the CEO’s duties at US Foods on an interim basis since May, when the company parted ways with Ex CEO Pietro Satriano.
