Daniel Schwartz | |
|---|---|
| Born | 1980or1981(age 43–44) [1] Long Island, New York, US [2] |
| Occupation | Co-Managing Partner 3G Capital |
Daniel Schwartz (born 1981) is an American businessman. [1] He is the co-managing partner of 3G Capital, a global investment firm and private partnership known for its long-term investments in 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 was CFO, COO, CEO, and co-chairman from 2010 to 2022 and still sits on the board of directors. [8] [9] [10] In 2017, Schwartz was included by Forbes in a "Top 40 under 40" list for his role at Burger King. [11]
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]
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 was Co-Chairman of the Board alongside his mentor, Alex Behring until 2021. [24] [25] He continues on the Board of Directors. Schwartz also led 3G Capital's recent acquisition of Hunter Douglas in 2021 and is a board member. [24] [26]
Schwartz remains actively involved in his alma mater, Cornell University. As a graduate of Cornell, he is on the Undergraduate Program Advisory Council of the Dyson School. [27] Daniel Schwartz is married and has three children. [9]
Schwartz, now 36, is sitting at the top, earning more than $6 million in annual compensation.
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