Tim Hortons (THI) Reaches Agreement With former CEO Don Schroeder
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Rating Summary:
3 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
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Tim Hortons Inc. (NYSE: THI) today announced the Board of Directors has reached an agreement with Don Schroeder, former President and CEO, with respect to his relationship with the Company.
Mr. Schroeder, who has resigned as a director of Tim Hortons Inc., will act as an advisor to the Coffee Partnership program which is focused on sustainable farming for small holder coffee farmers in South and Central America, and will be available to work on other matters at the request of the Board for a two-year period. He will also continue to serve as a director on the Tim Horton Children's Foundation Board.
The financial terms relating to the Company's agreement with Mr. Schroeder, including the ongoing relationship, are being disclosed concurrently in our regulatory filings.
Mr. Schroeder, who has resigned as a director of Tim Hortons Inc., will act as an advisor to the Coffee Partnership program which is focused on sustainable farming for small holder coffee farmers in South and Central America, and will be available to work on other matters at the request of the Board for a two-year period. He will also continue to serve as a director on the Tim Horton Children's Foundation Board.
The financial terms relating to the Company's agreement with Mr. Schroeder, including the ongoing relationship, are being disclosed concurrently in our regulatory filings.
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