McDonald's names Chris Kempczinski as President & CEO
Kempczinski, who was President of McDonald's USA, was named CEO after Steve Easterbrook exited the company
Published - Nov 4, 2019 8:41 AM Updated: Nov 5, 2019 12:17 PM
Fast food giant, McDonald's has named Chris Kempczinski as President & CEO, according to news reports. Kempczinski has also been appointed as a member of the board. Kempczinski, who was President of McDonald's USA, was named CEO after Steve Easterbrook exited the company following the board's decision that he had violated company policy by being involved in a consensual relationship with an employee.
According to reports, Enrique Hernandez Jr, Chairman of McDonald's Board of Directors commented on Kempczinski's appointment by saying, "Chris takes the reins of this great company at a time of strong, sustained performance, and the Board has every confidence that he is the best leader to set the vision and drive the plans for the company's continued success. 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".
Kempczinski joined McDonald's in 2015 as Executive Vice President of Strategy, Business Development and Innovation. He has also previously worked with PepsiCo, Kraft and Procter & Gamble.
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