NEW YORK (AP) — McDonald’s chief executive officer has left the company after violating company policy by engaging in a consensual relationship with an employee, the corporation said Sunday.
The fast food giant said former president and CEO Steve Easterbrook demonstrated poor judgment. McDonald’s forbids managers from having romantic relationships with direct or indirect reports.
In an email to employees, Easterbrook acknowledged he had a relationship with an employee and said it was a mistake.
“Given the values of the company, I agree with the board that it is time for me to move on,” Easterbrook said in the email.
McDonald’s board of directors voted on Easterbrook’s departure Friday after conducting a thorough review. Details of Easterbrook’s separation package will be released Monday in a federal filing, according to a company spokesperson.
The board of directors named Chris Kempczinski, who recently served as president of McDonald’s USA, as its new president and CEO.
Kempczinski was instrumental in the development of McDonald’s strategic plan and oversaw the most comprehensive transformation of the U.S. business in McDonald’s history, said Enrique Hernandez, chairman of McDonald’s board, in a statement.
“Steve brought me into McDonald’s and he was a patient and helpful mentor,” Kempczinski said, thanking him for his contributions.
Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
- Fiat Chrysler agrees to plead guilty, pay $30M in UAW probe
- US terrorism alert warns of politically motivated violence
- Empty seas: Oceanic shark populations dropped 71% since 1970
- Biden pick for transportation, Buttigieg, advances in Senate
- Apple urges users to install security upgrade to iPhones, iPads