Article Date 11/06/2018

Image from : MTY

MTY provides additional information regarding changes in senior management

Source NewsWire

MTY Food Group Inc., franchisor and operator of multiple concepts of restaurants, today announces the management changes pursuant to its May 2nd, 2018 announcement according to which Mr. Stanley Ma and Mrs. Claude St-Pierre will be leaving their respective roles as CEO and COO of the corporation on November 2nd, 2018 to concentrate on their Board of Director responsibilities. 

The structure of the organization will be adjusted in order to adapt to the growing number of brands the company operates in multiple segments of the restaurant industry, mainly in Canada. The Canadian operations will now have three distinct COO's; Marie-Line Beauchamp will lead the Casual Dining segment, Marc Benzacar will lead the Fast Casual segment, and Jason Brading will lead the Quick Service segment. The US operations will continue with its current structure, under the leadership of Jeff Smit.

"I am extremely proud of the team MTY has assembled to drive its business further in the future.  The new structure will allow an increased focus on operations helping to fuel organic growth of MTY for many years to come, while also enabling us to continue to expand our extensive brand portfolio" said Eric Lefebvre, who will become the Chief Executive Officer on November 2nd, 2018. 

In addition to the nominations above, MTY also announces that RenĂ©e St-Onge will be promoted a the new Chief Financial Officer of the Company on November 2nd, 2018, replacing Eric Lefebvre in that role. 

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