Daniel Schwartz

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Not to be confused with Daniela Schwarz.
For the professor of Jewish History, see Daniel R. Schwartz.
Daniel Schwartz
Born1980 or 1981 (age 42–43)[1]
Long Island, New York, US[2]
OccupationCo-Managing Partner 3G Capital

Daniel Schwartz (born 1981) is an American businessman, executive, and investor.[1] He is currently the Co-Managing Partner of 3G Capital, a global investment firm and private partnership known for its long-term investments in prominent companies such as Anheuser-Busch InBev, Restaurant Brands International (Burger King, Tim Hortons, Popeyes Louisiana Kitchen, and Firehouse Subs), Kraft Heinz, and Hunter Douglas.[3][4][5][6][7] Schwartz played a pivotal role in 3G Capital's 2010 acquisition of Burger King, where he served as CFO, COO, CEO, and Co-Chairman of the Board of Directors from 2010 to 2022 and continues to serve on the Board of Directors today.[8][9][10] In 2017, Daniel was recognized by Forbes as Top 40 under 40 for his role in turning around Burger King.[11]

Early life[edit]

Schwartz was raised on Long Island, New York, in a family where both his father and mother had successful professional careers as a doctor and lawyer.[1][12] He completed his high school education at The Wheatley School in 1998.[13] Schwartz then pursued his higher education at Cornell University, graduating with a Bachelor of Science degree in Applied Economics and Management.[14] During his time at Cornell, Schwartz initially took pre-med and finance courses before specializing in management and applied economics, graduating in 2001.[15]

Career[edit]

In 2005, Schwartz joined 3G Capital, becoming a Partner in 2008 at the age of 27.[16][17] His work focused on identifying and executing strategic acquisitions.[16] In 2010, Schwartz played a pivotal role in the acquisition of Burger King for $4 billion where he was appointed as CFO.[17] Under new leadership, Burger King underwent a transformation, introducing a reworked menu and innovative marketing strategies.[18][19]

In 2013, at the age of 32, Schwartz became the CEO of Burger King, making him one of the youngest restaurant CEOs in history.[17] During his tenure, Burger King's growth outpaced competitors, with the company opening 1,000 new restaurants worldwide.[9][15][20]

In December 2014, Schwartz played a key role in 3G Capital's acquisition of Tim Hortons for $12.5 billion, resulting in the creation of Restaurant Brands International (RBI), the world's third-largest quick-service restaurant company.[21] Under Schwartz's leadership, RBI further expanded its portfolio by acquiring Popeyes Louisiana Kitchen, Inc. in 2017 for $1.8 billion and Firehouse Restaurant Group Inc. for $1.0 billion in 2021.[22][23][20]

After stepping down as CEO of Restaurant Brands International in January 2019, Schwartz served as Co-Chairman of the Board alongside his mentor, Alex Behring until 2021.[24][25] He continues to serve on the Board of Directors of the company. Schwartz also led 3G Capital's recent acquisition of Hunter Douglas in 2021 and currently serves as a board member.[24][26]

Personal life[edit]

Schwartz remains actively involved in his alma mater, Cornell University. As a graduate of Cornell, he serves on the Undergraduate Program Advisory Council of the Dyson School.[27] Daniel Schwartz is married and has three children.[9]

References[edit]

  1. ^ a b c Peterson, Hayley (June 12, 2017). "How a 36-year-old Wall Street prodigy saved Burger King". Business Insider. Schwartz, now 36, is sitting at the top, earning more than $6 million in annual compensation.
  2. ^ Bryant, Adam (8 September 2017). "Daniel S. Schwartz of Restaurant Brands International on the Value of Hard Work". The New York Times. Retrieved 15 December 2017.
  3. ^ "Home - 3G Capital". 2019-10-22. Retrieved 2023-07-10.
  4. ^ Fontanella-Khan, James (2021-12-31). "3G Capital buys majority stake in Hunter Douglas for $7.1bn". Financial Times. Retrieved 2023-07-10.
  5. ^ Gelles, David (2015-03-26). "3G Capital, Warren Buffett's Favorite Partner in Deals Worth Billions". The New York Times. ISSN 0362-4331. Retrieved 2023-07-10.
  6. ^ Cheng, Evelyn (2017-02-17). "3G and Buffett's Berkshire behind what could be the largest US purchase of a foreign company". CNBC. Retrieved 2023-07-10.
  7. ^ Daneshkhu, Scheherazade; Whipp, Lindsay; Fontanella-Khan, James (2017-05-07). "The lean and mean approach of 3G Capital". Financial Times. Retrieved 2023-07-10.
  8. ^ "About Us - Board of Directors - Person Details | Restaurant Brands International ™". www.rbi.com. Retrieved 2023-07-10.
  9. ^ a b c Sorvino, Chloe. "Whopper Of A Turnaround: At Burger King, The 3G Capital Model Actually Worked". Forbes. Retrieved 2023-07-10.
  10. ^ Peterson, Hayley. "How a 36-year-old Wall Street prodigy saved Burger King". Business Insider. Retrieved 2023-07-10.
  11. ^ "Daniel Schwartz". Fortune. Retrieved 2023-07-10.
  12. ^ Bryant, Adam (2017-09-08). "Daniel S. Schwartz of Restaurant Brands International on the Value of Hard Work". The New York Times. ISSN 0362-4331. Retrieved 2023-07-10.
  13. ^ Engoron, Art (September 3, 2016). "Wheatley Alumni Monthly Newsletter Number 4". The Wheatley School Alumni Association.
  14. ^ "DDLS Roundtable - Speaker: Daniel Schwartz, CALS 01, CEO, Restaurant Brand International (Burger King Corporation)". orgsync.com. Archived from the original on 2016-11-08. Retrieved 2016-11-22.
  15. ^ a b Nordqvist, Christian (2022-10-06). "Former Burger King CEO Daniel Schwartz Helped Franchisees Have It Their Way". Market Business News. Retrieved 2023-07-10.
  16. ^ a b "The Wall Street prodigy who took over Burger King when he was 32 reveals the best advice he ever received". Business Insider. Retrieved 2017-12-14.
  17. ^ a b c Nordqvist, Christian (2022-10-06). "Former Burger King CEO Daniel Schwartz Helped Franchisees Have It Their Way". Market Business News. Retrieved 2023-07-13.
  18. ^ "Burger King agrees to $3.3 billion sale to 3G Capital". Reuters. 2010-09-02. Retrieved 2023-07-13.
  19. ^ Warner, Annie Gasparro And Melodie (2012-08-01). "Burger King's New Menu, Marketing Boost Profit". Wall Street Journal. ISSN 0099-9660. Retrieved 2023-07-13.
  20. ^ a b "The deals that show how lucrative private equity can be". www.ft.com. Retrieved 2023-12-29.
  21. ^ "World's Third Largest Quick Service Restaurant Company Launched with Two Iconic and Independent Brands: Tim Hortons and Burger King". www.rbi.com. Retrieved 2023-07-13.
  22. ^ Inc, Restaurant Brands International. "Restaurant Brands International Inc. Agrees to Acquire Popeyes Louisiana Kitchen". www.prnewswire.com. Retrieved 2023-07-13. {{cite web}}: |last= has generic name (help)
  23. ^ "Restaurant Brands International Inc. to Acquire Firehouse Subs". www.rbi.com. Retrieved 2023-07-13.
  24. ^ a b "About Us - Board of Directors - Person Details | Restaurant Brands International ™". www.rbi.com. Retrieved 2023-07-13.
  25. ^ "About Us - Board of Directors - Person Details | Restaurant Brands International ™". www.rbi.com. Retrieved 2023-07-13.
  26. ^ Fontanella-Khan, James (2021-12-31). "3G Capital buys majority stake in Hunter Douglas for $7.1bn". Financial Times. Retrieved 2023-07-13.
  27. ^ "Speaker: Daniel Schwartz, Dyson '01, Chief Executive Officer". Cornell Nolan. Retrieved 2023-07-13.
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