A powerful U.S. businessman was just fired by his board of directors. This move has stunned millions of people across our nation and worldwide, and the fallout is devastating.
McDonald’s announced that President and CEO Steve Easterbrook was fired “following the Board’s determination that he violated company policy and demonstrated poor judgment involving a recent consensual relationship with an employee.”
The president of McDonald’s USA, Chris Kempczinski, has been named to the international company’s top position. “He has the right mix of skills and experience to lead us forward having run our U.S. business,” said the release.
Accepting the new post, Kempczinski said he was “thrilled to be leading this incredible company” and “committed to upholding our rich heritage of serving our customers and driving value for our shareholders and other stakeholders.”
For his part, Easterbrook accepted full responsibility for his actions and agreed with the decision to oust him in an email to employees. “Given the values of the company, I agree with the Board that it is time for me to move on,” he said.
McDonald’s was founded in 1955 in San Bernardino, California, and steadily rose to become one of the largest fast food chains in the world. It is the second-largest chain of its kind with nearly 38,000 locations.
Read the full story here.