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| Steve Easterbrook Fired as McDonald’s C.E.O. | |
| (32 minutes later) | |
| Steve Easterbrook has been fired from his role as chief executive of McDonald’s, the fast-food chain announced on Sunday, after he engaged in a consensual relationship with an employee that violated company policy. | Steve Easterbrook has been fired from his role as chief executive of McDonald’s, the fast-food chain announced on Sunday, after he engaged in a consensual relationship with an employee that violated company policy. |
| In a statement announcing the firing, McDonald’s said the company’s board had determined that Mr. Easterbrook had “demonstrated poor judgment.” | In a statement announcing the firing, McDonald’s said the company’s board had determined that Mr. Easterbrook had “demonstrated poor judgment.” |
| “I engaged in a recent consensual relationship with an employee, which violated McDonald’s policy,” Mr. Easterbrook, who became the chief executive in March 2015, wrote in an email to McDonald’s employees. “This was a mistake. Given the values of the company, I agree with the board that it is time for me to move on.” | “I engaged in a recent consensual relationship with an employee, which violated McDonald’s policy,” Mr. Easterbrook, who became the chief executive in March 2015, wrote in an email to McDonald’s employees. “This was a mistake. Given the values of the company, I agree with the board that it is time for me to move on.” |
| Mr. Easterbrook had been widely credited with turning around McDonald’s after it posted one of its worst financial performances in years, in 2015. He emphasized technological innovation, striking food-delivery deals with the third-party apps Uber Eats and DoorDash and acquiring smaller companies that specialize in machine learning and artificial intelligence. | Mr. Easterbrook had been widely credited with turning around McDonald’s after it posted one of its worst financial performances in years, in 2015. He emphasized technological innovation, striking food-delivery deals with the third-party apps Uber Eats and DoorDash and acquiring smaller companies that specialize in machine learning and artificial intelligence. |
| He will be replaced by Chris Kempczinski, who most recently served as president of McDonald’s USA. | He will be replaced by Chris Kempczinski, who most recently served as president of McDonald’s USA. |
| This is a developing story and will be updated. | This is a developing story and will be updated. |