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McDonald's fires CEO over consensual relationship

Nov. 03, 2019 7:09 PM ETMcDonald's Corporation (MCD) StockMCDBy: Mohit Manghnani, SA News Editor234 Comments
  • McDonald's (NYSE:MCD) has fired Steve Easterbrook as president and CEO for violating the company's policy over a relationship with an employee. Easterbrook will also exit the board.
  • "This was a mistake. Given the values of the company, I agree with the board that it is time for me to move on," writes Easterbrook.
  • He's been replaced by Chris Kempczinski, who previously ran McDonald's U.S. business. Kempczinski will also join the board.
  • Replacing Kempczinski atop the U.S. operation is Joe Erlinger, who previously was president, International Operated Markets.

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