SUBSCRIBE: Newsletter

Human Resources

Toggle

Article

McDonald’s CEO says goodbye to the McFamily



"The Asia Recruitment Award is the oscars of the recruitment industry! A display of the best of the best!"
Submit your entries for the Asia Recruitment Awards before 22 February 2019.

McDonald’s Corporation has announced the retirement of its president and CEO, Don Thompson, making way for Steve Easterbrook, the company’s first UK-born president and CEO.

Thompson has been with the company for almost 25 years, joining as an electrical engineer, making his way up, including as president of McDonald’s USA, and global chief operating officer.

Taking his place, effective March 1, is Steve Easterbrook, the company’s senior executive vice president and chief brand officer. He has also been elected to the board of directors.

“On behalf of the board I sincerely thank Don for his valuable contributions and outstanding service throughout his career at McDonald’s. We will be indebted for his passionate leadership, business acumen, dedication and system knowledge,” said the board’s non-executive chairman, Andrew McKenna.

In announcing his retirement, Thompson said, “It’s tough to say goodbye to the McFamily, but there is a time and season for everything. I am truly confident as I pass the reins over to Steve, that he will continue to move our business and brand forward.”

His company exit comes amid declining sales. In its most recent quarter, McDonald’s reported US same-store sales fell by 1.7%. Business Insider also pointed out that for Thompson’s entire tenure, performance at McDonald’s restaurants was on the decline.

Taking over, Easterbrook has been credited with his efforts throughout his career to date to elevate the company’s marketing, menu innovation, and an infrastructure for its digital initiatives. He had been with the company for 18 years, before heading out to lead PizzaExpress and Wagamama between 2011-2013. He returned to McDonald’s in 2013.

“Steve is a strong and experienced executive who successfully led our UK and European business units and the board is confident that he can effectively lead the company to improved financial and operational performance,” announced McKenna.

Said Easterbrook: “I am grateful to have had the opportunity to work with Don and congratulate him on his remarkable career at McDonald’s.”

Image: McDonald’s



"The Asia Recruitment Award is the oscars of the recruitment industry! A display of the best of the best!"
Submit your entries for the Asia Recruitment Awards before 22 February 2019.

Read More News

in Hong Kong by

將培訓化為雙向對話

許多研究指出,單向學習的成效有限,正如孔子所言:「不聞不若聞之,聞之不若見之,見之不若知之,知之不若行之;學至于行之而止矣。」..

Trending

Leave a Reply

You must be logged in to post a comment.