McDonald's replaces U.S. chief

|About: McDonald's Corporation (MCD)|By:, SA News Editor

McDonald's (MCD +0.3%) names Mike Andres as its new top executive in the U.S. to replace Jeff Stratton who will resign in October.

Andres worked his way up at the Golden Arches after starting as a store manager.

McDonald's has lost market share in the U.S. this year with fast-food peers putting up stronger comps.