The Traderszone Network

Published in TZ Latest News 28 January, 2015 by The TZ Newswire Staff

McDonald’s CEO Don Thompson leaving after tumultuous run

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. McDonald’s warned last week that business would be weak in the first half of 2015 and said it would cut its annual construction budget to the lowest in more than five years as it opens fewer restaurants in struggling markets. In his role as chief brand officer, Easterbrook led McDonald’s digital initiatives and efforts to boost menu innovation, according to a statement from the company.