McDonalds fires CEO for inappropriate relationship with employee


McDonalds fires CEO for inappropriate relationship with employee Quotes delayed at least 15 minutes. Real time quotes provided by . Market Data provided by Interactive Data . Powered and Implemented by . Company fundamental data provided by . Earnings estimates data provided by Zacks. Mutual fund and ETF data provided by . Economic data provided by Econoday. Dow Jones Company Terms Conditions. This material may not be published, broadcast, rewritten, or redistributed. ©2019 FOX News Network, LLC. All rights reserved. McDonalds fired its CEO over an inappropriate relationship with an employee. Belpointe chief strategist David Nelson with more. announced the ouster of CEO Steve Easterbook Sunday over an inappropriate relationship with an employee. Continue Reading Below The companys board determined that Easterbrook violated company policy and demonstrated poor judgment involving a recent consensual relationship with an employee,” it announced. Kempczinski has previous experience at PepsiCo, Kraft and Procter Gamble. He has been with McDonalds since 2015, when he joined the company as its executive vice president of strategy, business development and innovation. He was promoted to head U.S. operations in 2017. Enrique Hernandez Jr., chairman of McDonalds board, said in the press release that the board believes Kempczinski has the vision and drive” to continue the companys strong” performance, noting that Kempczinski was instrumental in developing McDonalds strategic plan. He has the right mix of skills and experience to lead us forward having run our U.S. business, where franchisees are delivering strong financial and operational results, and overseen global strategy, business development and innovation,” Hernandez said. The CEO switchup came less than two weeks after McDonalds reported its first quarterly profit miss in two years, with a 4 percent drop compared to a year earlier. Easterbook had been McDonalds president and CEO since 2015. He had been with the company since 1993. Quotes delayed at least 15 minutes. Real time quotes provided by . Market Data provided by Interactive Data . Powered and Implemented by . Company fundamental data provided by . Earnings estimates data provided by Zacks. Mutual fund and ETF data provided by . Economic data provided by Econoday. Dow Jones Company Terms Conditions. This material may not be published, broadcast, rewritten, or redistributed. ©2019 FOX News Network, LLC. All rights reserved.

Leave a Reply

Your email address will not be published. Required fields are marked *