Moving People

News

/ News / Article

  • BBC News

McDonald's CEO fired after dating employee


McDonald's has fired its chief executive Steve Easterbrook after he had a relationship with an employee.

The US fast food giant said the relationship was consensual, but Mr Easterbrook had "violated company policy" and shown "poor judgement".

In an email to staff, the British businessman acknowledged the relationship 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," he said.

Mr Easterbrook, 52, who is divorced, first worked for McDonald's in 1993 as a manager in London before working his way up the company.

He left in 2011 to become boss of Pizza Express and then Asian food chain Wagamama, before returning to McDonald's in 2013, eventually becoming its head in the UK and northern Europe.

He was appointed chief executive of McDonald's in 2015.

Mr Easterbrook is widely credited with revitalising the firm's menus and restaurants, by remodelling stores and using better ingredients. The value of its shares more than doubled during his tenure in the US.

Under his leadership, McDonald's also expanded its delivery and mobile payment options to emphasise convenience.

The fast food giant's board voted on Watford-born Mr Easterbrook's departure on Friday after a review.

He has also stepped down as McDonald's president and member of the board.

The company's rules for managers prohibit them from become romantically involved with a subordinate.

It will release details of Mr Easterbrook's severance package on Monday, details of which will be closely watched.

The company has been criticised over the amount it pays shop staff, and Mr Easterbrook faced scrutiny for his $15.9m (£12.3m) pay packet in 2018. It was 2,124 times the median employee salary of $7,473.

He will be replaced by Chris Kempczinski, most recently president of McDonald's USA, with immediate effect.

In a statement, Mr Kempczinski thanked Mr Easterbrook for his contributions, adding: "Steve brought me into McDonald's and he was a patient and helpful mentor."

Last year Intel boss Brian Krzanich stepped down for having a consensual relationship with an Intel employee, which was against company rules.

He had been in the post since May 2013.


0 views
construction-image1.jpg

Subscribe and keep up to date with all the latest news from Oakmark

Subtle Shapes Transparent
WEST AFRICA'S NO.1 ECONOMIC AGENTS

Oakmark Global Vision provides a bespoke business package to established corporate bodies, investors, and entrepreneurs who desire to enter the West & Pan African market. Find out more >

© 2021 Oakmark Global Vision Ltd - All Rights Reserved.

UK Company No. 07634879 / Nigeria Company No. RC 1288232

Regional Office

International Office

1 Kandi Close, Off Aminu Kano

Crescent, Wuse 2, Abuja F.C.T

Nigeria 

+234 -(0)- 929 207 02

+234 (0) 704 497 6500

info@oakmarkglobalvision.com

King Court, 17 School Road

Hall Green, Birmingham

United Kingdom  B28, 8JG

+44 (0) 121 244 1814

+44 (0) 746 625 2505

info@oakmarkglobalvision.com

 Oakmark Global Vision Limited