Steve Easterbrook, former CEO of McDonald's.
PHOTO BY ARCHIVE
DUBAI – Fastfood giant McDonald’s Corp has dismissed Chief Executive Officer Steve Easterbrook for having consensual relationship with an employee.
The board voted to fire Easterbrook over his relationship with an employee, which the board determined violated company policy.
In an email, Easterbrook, who became the McDonald’s Corp CEO in March 2015 and earned a salary of more than $15 million, admitted his fault.
“This 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.
McDonald’s declined to give details about the relationship or when the board discovered it,but sad that Easterbrook was “deeply grateful” for his time at McDonald’s and “acknowledges his error in judgment.”
Easterbrook, 52, is divorced and has three daughters. He will be replaced by Chris Kempczinski, who most recently served as president of McDonald’s USA. ICA/Expat Media
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