Thursday, December 2, 2021

Don Thompson is No Longer McDonald’s CEO; Wall Street Celebrates

don thompson
Don Thompson

 

*To say things aren’t working as well as they used to  for McDoanald’s would be an understatement. That means it’s time for a change at the top.

And that means Steve Easterbrook, 48, the company’s chief brand officer, will replace Don Thompson, 51, the current CEO and a 25-year McDonald’s veteran, effective March 1. Thompson also gives up his board seat and Easterbrook gets one.

Investors cheered: McDonald’s stock jumped 3.4% in after-hours trading following the news.

As chief brand officer, Easterbrook was leading McDonald’s efforts to elevate its global marketing, advance menu innovation, and create an infrastructure for its digital initiatives.

The ouster comes after months of declines, criticism and change at the world’s largest fast-food chain. McDonald’s global same-store sales have been declining for months, as have its comparable store sales in the U.S.

Get the rest of this story at USA Today.

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5 COMMENTS

  1. McDonald’s anti White campaign has destroyed McDonalds. Black socially retarded employees, violent black customers, and black violence towards Whites, that is the McDonalds trademark now. Whites have been shoved aside, treated like second rate citizens, beaten, harrassed, and so on. The boycotts will continue even though McDonalds gets rid of it’s chief orchestrator of black racist agenda

  2. Another day, another idiotic troll. Yeah, they got rid of the brother but I bet you he’s walking away with more money than you’ll EVER see in your sorry life. Moving right along!

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