Tim Hortons CEO Don Schroeder exits company immediately

Posted May 25, 2011 8:38 am.

This article is more than 5 years old.

OAKVILLE, Ont. – The head of Tim Hortons has left his role at the company effective immediately.

Canada’s No. 1 coffee chain says Don Schroeder will no longer serve as president and CEO after two decades working for the company.

The board of Tim Hortons made the announcement, saying that it decided that changing top ranks at this time is for the best.

The board says it was already engaged in a comprehensive succession planning for the CEO position as part of its strategic planning.

In the meantime, executive chairman Paul House, who held the position of president and CEO at one point, will once again take on the role on an interim basis.

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