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McDonald's CEO Don Thompson Steps Aside, Stock Jumps
By Kattie Little, Jan. 28, 2015, Cnbc.com
Amid a tumultuous past year for McDonald's, the world's biggest restaurant chain's CEO Don Thompson is retiring after two years on the job, effective March 1. The fast food is also getting a new CFO.
The restaurant's Senior Executive Vice President and Chief Brand Officer Steve Easterbrook will replace Thompson, who is a 25-year veteran of the company, the company announced on Wednesday.
Previously, Easterbrook served as president of McDonald's Europe and led the chain's "efforts to elevate its marketing, advance menu innovation, and create an infrastructure for its digital initiatives," it said in a release. The company's CFO Pete Bensen will also transition to the role of chief administrative officer while Kevin Ozan, the company's current corporate controller, will become the chain's new CFO.
On Friday, the company delivered its latest update on its continuing U.S. turnaround, ongoing problems in Asia and the currency headwinds it faces.
Amid a tumultuous past year for McDonald's, the world's biggest restaurant chain's CEO Don Thompson is retiring after two years on the job, effective March 1. The fast food is also getting a new CFO.
The restaurant's Senior Executive Vice President and Chief Brand Officer Steve Easterbrook will replace Thompson, who is a 25-year veteran of the company, the company announced on Wednesday.
Previously, Easterbrook served as president of McDonald's Europe and led the chain's "efforts to elevate its marketing, advance menu innovation, and create an infrastructure for its digital initiatives," it said in a release. The company's CFO Pete Bensen will also transition to the role of chief administrative officer while Kevin Ozan, the company's current corporate controller, will become the chain's new CFO.
On Friday, the company delivered its latest update on its continuing U.S. turnaround, ongoing problems in Asia and the currency headwinds it faces.
Read the full story: www.cnbc.com
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