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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]
Daniel Schwartz | |
|---|---|
| Born | 1980 or 1981 (age 43–44)[1] Long Island, New York, US[2] |
| Occupation | Co-Managing Partner 3G Capital |
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 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]
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]
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