Connect with us

Black Listed

Don Thompson Out as CEO of McDonald’s

McDonald's Corp (MCD.N), fresh off one of its worst financial years in decades, on Wednesday said Chief Executive Officer Don Thompson would leave at the end of February and be succeeded by Chief Brand Officer Steve Easterbrook.

Shares in the world's biggest fast-food chain, which have been underperforming major markets and several peers, jumped 3.2 percent in extended trading following the news. Thompson, the 51-year-old former president of McDonald's USA who took the global helm in July 2012, had the challenge of adding to nearly nine years of sales gains at established restaurants.

But the following September, McDonald's reported a decline in same-store sales as it fought to hold on to customers with changing tastes amid external pressures ranging from political and economic turmoil in Europe to food safety scares in China.

Click to comment

Leave a Reply

Your email address will not be published.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


jade colin jade colin

28-Year-Old Is the Youngest Black Woman to Own a McDonald’s Franchise


Stars Surprised With McDonald’s World Famous Fries Following Wearable Art Gala


Normani Talks Black & Positively Golden, Idolizing Janet Jackson & Much More

EBONY Exclusive

Drake Gave McDonald’s Employees $100—Not $10K—Tip