The fast-food CEO who took over Burger King when he was 32 explains how to find and develop young talent, and how to rise in your own career

Daniel Schwartz 5561

Daniel Schwartz is the CEO of Restaurant Brands International, which owns Burger King, Tim Horton’s, and Popeyes.
Schwartz started at the investment firm 3G Capital, which appointed him CFO as Burger King before promoting him to CEO of the company in 2013, when he was only 32.
Schwartz also seeks out young talent to develop internally, which he says encourages a meritocracy.
He credits his quick but successful advancement to not being afraid to ask questions and rely on others.

Daniel Schwartz is the CEO of Restaurant Brands International. It’s the parent company of Burger King, Tim Horton’s, and Popeyes.

He started out his career at the investment firm 3G Capital. In 2010, when he was only 29, the firm’s managing partner, Alex Behring, took a big chance on him, by making him chief financial officer of Burger King. At the time, he had almost no management experience.

Now, Schwartz is returning the favor, betting on young talent to lead his businesses.

Listen to the full episode here:

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Transcript edited for clarity.

Daniel Schwartz: When we bought the business, Alex had suggested that I join as CFO, which is a pretty big position, especially for someone who didn’t really have all that much experience, and by all that much, I mean, like none, right?

Richard Feloni: Had you ever been a manager of anything?

Schwartz: I managed one analyst at 3G.

Feloni: It was big leap.

Schwartz: Yeah, it was definitely. It was a change in role for me. Just to give you a sense of how naive I was, I never worked in a company before. When people were talking and the folks at 3G were talking about we need to make sure that we set the business up with a great team from the start, even that idea I couldn’t really relate to it. I’m like, “Wait a minute, it’s a business. It runs itself.”

Feloni: It was really back to basics for you.

Schwartz: Then you get there, and you realize, well, it’s actually not a business that runs itself. All it really is is a bunch of people running around doing stuff. If have really good people that are running around in the right direction who really care, then you get stuff done much, …read more

Source:: Business Insider

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