One too many happy meals: McDonald’s CEO Steve Easterbrook out after affair with staffer

November 4, 2019 0 By William Morgan

McDonald’s ousted president and CEO Steve Easterbrook in a major management shift Sunday after determining that the lead executive had “violated company policy and demonstrated poor judgment involving a recent consensual relationship with an employee,” according to a statement
 The board of directors voted Friday to sever Easterbrook after conducting a thorough review, the Associated Press reported
McDonald’s managers are forbidden from having romantic relationships with employees who report to them either directly or indirectly, AP said
Advertisement  Easterbrook’s separation package will be detailed in a federal filing on Monday, a company spokesperson told AP
 He was also booted from the board, and Chris Kempczinski, who had headed U.S. operations for the fast-food behemoth, took over in that role as well
 Joe Erlinger, who had previously been president of international markets for the company, was appointed as president of McDonald’s USA, “effective immediately,” the company said in a statement
 McDonald’s did not elaborate on the reason for Easterbrook’s ouster, saying only that the board had voted him out
The ex-executive confirmed to employees in an email Sunday that he had indeed violated company policy regarding personal conduct, The Wall Street Journal reported
 “This was a mistake,” Easterbrook said in the email, obtained by The Wall Street Journal
“Given the values of the company, I agree with the board that it is time for me to move on
”  Easterbrook, 52, had been at the fast-food helm since 2015, presiding over doubling share value but dwindling traffic to U
S. outlets, the Journal said. He talked up his successor in his communication to employees, telling them that Kempczinski was “an important partner to me over the last four years and
the ideal person to take on the role of CEO,” according to The Washington Post.  “I’m thrilled to be leading this incredible company,” Kempczinski said in a statement from the company
“Working alongside our talented team, our Board, our franchisees and suppliers, I am committed to upholding our rich heritage of serving our customers and driving value for our shareholders and other stakeholders
 “As one of the world’s leading brands, McDonald’s makes a difference in the lives of people every day
We have a responsibility not only to serve great food, but to make it responsibly and to enrich the communities in which we operate
I am energized by this challenge and look forward to guiding McDonald’s continued success