Steve Easterbrook appointed as CEO of McDonald’s Corporation

Steve Easterbrook will succeed Don Thompson who decided to retire as President and Chief Executive Officer of McDonald's on 1 March 2015.

Created On: Jan 29, 2015 15:20 IST

Steve Easterbrook was on 28 January 2015 appointed as the Chief Executive Officer (CEO) of McDonald’s Corporation with effect from 1 March 2015.

Steve Easterbrook will succeed Don Thompson who decided to retire as President and Chief Executive Officer of McDonald's on 1 March 2015 after spending nearly 25 years in the company. Thompson was the first African-American to head the company since it was founded in 1955.

Easterbrook was also elected to the Board of Directors to fill the vacancy created by Thompson. He is currently Chief Brand Officer of the company.

Meanwhile, McDonald’s gave no reason for the abrupt retirement of the Thompson. However, the change in management came after two years of worsening sales of McDonald's in US market.

Other Appointments
• Pete Bensen was appointed as the  Chief Administrative Officer of the company with effect from 1 March 2015. Bensen is currently Senior Executive Vice President and Chief Financial Officer of McDonald's.
• Kevin Ozan, who currently serves as Senior Vice President and Corporate Controller, will succeed Bensen as Executive Vice President and Chief Financial Officer with effect from 1 March 2015.

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