Steve Easterbrook Wiki
Steve Easterbrook (born August 6, 1967) is a British business executive. From March 2015 to November 2019, he served as president and chief executive officer of McDonald’s, a major American fast-food corporation. On November 1, 2019, the Board of Directors voted to dismiss Easterbrook with immediate effect, due to evidence of a relationship with a staff member, a violation of company policy.
Steve Easterbrook Early Life
Stephen James Easterbrook was born on August 6, 1967, in Watford, England. He grew up in Watford and was educated there at the Watford Grammar School for Boys. He studied natural sciences at St Chad’s College, Durham University, where he played cricket with his fellow student, Nasser Hussain, who would later become England’s cricket captain.
Steve Easterbrook Career
After college, he trained as an accountant at Price Waterhouse. Easterbrook worked for McDonald’s for the first time in 1993 as a manager in London. In 2011 he left to become CEO of PizzaExpress and then CEO of Wagamama, two British informal food chains, before returning to McDonald’s in 2013.  On March 1, 2015, after being a McDonald’s brand director and his former boss in the United Kingdom and northern Europe, he became the CEO of the company, succeeding Don Thompson, who resigned on January 28, 2015.  For 2016, Easterbrook’s total compensation almost doubled to $ 15.4 million. [one] In November 2019, the McDonald’s board of directors voted to eliminate Easterbrook as CEO, as it had violated corporate policies on personal conduct by establishing a relationship with an employee.  He was replaced as CEO by Chris Kempczinski, who had been president of McDonald’s USA.
Steve Easterbrook Personal Life
He is divorced] with three children, who visit McDonald’s two or three times a month. He lives in Illinois and is a Watford FC football fan.
Steve Easterbrook Fires News Keypoints
McDonald’s announced the dismissal of CEO Steve Easterbrook on Sunday for an inappropriate relationship with an employee. The company’s board of directors determined that Easterbrook “violated the company’s policy and demonstrated a poor judgment involving a recent consensual relationship with an employee,” he announced. Desiree Moore, an Easterbrook attorney, told FOX Business that Easterbrook “is deeply grateful for his time at McDonald’s and continues to believe in the company’s future.” “He acknowledges his misjudgment and supports the company’s decision,” Moore said, “will not comment further at this time.” McDonald’s named Chris Kempczinski, president of McDonald’s USA, as its new president and CEO. He was also elected member of the board of directors. “I am delighted to lead this incredible company,” Kempczinksi said in a press release. “By working with our talented team, our board, our franchisees, and supplies, I am committed to maintaining our rich heritage of serving our customers and generating value for our shareholders and other stakeholders.” Kempczinski has previous experience in PepsiCo, Kraft, and Procter & Gamble. He has been at McDonald’s since 2015 when he joined the company as executive vice president of strategy, business development, and innovation. He was promoted to chief of operations of the USA. UU. In 2017
Enrique Hernández Jr., president of the board of McDonald’s, said in the press release that the board believes that Kempczinski has “the vision and momentum” to continue the “strong” performance of the company, and noted that Kempczinski was instrumental in the development of the McDonald’s strategic plan. “He has the right combination of skills and experience to move us forward by running our business in the US, where franchisees provide strong financial and operational results and oversee global strategy, business development and innovation,” said Hernandez. . The change in CEO came less than two weeks after McDonald’s reported its first quarterly profit loss in two years, with a 4 percent drop compared to the previous year. Easterbook had been president and CEO of McDonald’s since 2015. He had been with the company since 1993.