OAKVILLE, Ont. — Despite the whirlwind of media reports during the past two weeks suggesting that former president Don Schroeder’s time with Tim Hortons was at an end, a new agreement has been made.“We are pleased to have reached an agreement that acknowledges Don’s contributions and leadership over his 20-year career with us, while also allowing both him and the company to benefit from his continued involvement with our brand,” says Paul House, executive chairman, interim president and CEO.
As part of a consulting arrangement, 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, renewable at the Board’s option. He will also continue to serve as a director on the Tim Horton Children’s Foundation Board.
“This agreement will result in Don’s continued involvement with the brand in areas in which he has been a long-standing advocate and active supporter, helping disadvantaged children through the foundation and small holder coffee farmers,” House added.
“I am pleased that we have reached an agreement, and I am proud that I will remain part of the Tim Hortons family. I have always had a tremendous passion for the Tim Horton Children’s Foundation and our Coffee Partnership, both of which are making a true difference. As a result, I am excited about having the opportunity to continue to add value in these important areas,” said Schroeder.