The Board voted on Friday following a review for the cancellation of Easterbrook and concluded that it violated the Company's policy against manager relationships with direct or indirect reports. Easterbrook has been replaced by Chris Kempczinski, former president of McDonald's USA.
Easterbrook called his recent relationship with an employee in an email to McDonald's employees a "mistake."
"In the light of the values of the company, I agree On the grounds that it was time for me to keep going, he wrote.
Desiree Moore, a Chicago-based lawyer who acts as spokeswoman for Easterbrook, said in a statement that he "is deeply grateful for his time at McDonald's. "
" He recognizes his mistake in the assessment and supports the company's decision, "said Moore, adding that Easterbrook will not comment further.
Details of Easterbrook's severance package will be announced in a federal petition by Tuesday The company said.
McDonald's did not disclose any details of the relationship that led to the dismissal.Easterbrook, a former head of the company's UK office, divorced, according to the Sunday Times.
He closes Join a growing list of executives who have been forced into relationships with employees as more and more companies implement rules against dating of subordinates in the #MeToo era
Jonathan Segal, a Philadelphia-based labor lawyer, told the Washington newspaper Post last year, after Intel's CEO resigned, we he had violated a friendly relationship with the rules of his company. 1
9659002] "I see more companies asking for them," said Segal. "I see more companies adding them to their anti-harassment policies, and I've seen more companies engage with them in their codes of practice."
Easterbrook was named chief executive in 2015 because McDonalds had trouble After announcing a US sales decline and a 33 percent decline in global profits in the first quarter of this year, the chain promised a plan to "better meet today's consumer needs, expectations and competitive market."
McDonald's shares rose under the leadership of Easterbrook, and the company maintains its top spot in the US fast food business, even though the industry faces challenges. who also serves on the board of Walmart – a salary of $ 15.9 million.
Easterbrook has been down McDonalds brought a difficult time forward, said Jonathan Maze, editor of Restaurant Business. Maze said he was improving sales – which was still on the upswing this year – and restructured the company, accelerating decision-making and cutting overheads by hundreds of millions. He also dealt with technology in the form of online kiosks in store-order delivery and in March a $ 300-million start-up acquisition meant an acceleration of McDonald's drive-through services.
"He was quite consistent," said Maze, who sees Easterbrook's dismissal as part of a corporate trend. Opposition policy violations are "much more serious" than before.
Kempczinski became 2016 head of McDonald's USA. Mr Easterbrook told employees that Kempczinski was "an important partner for me over the last four years and … the ideal point of contact for the role of the CEO.
McDonald's also praised Kempczinski's contributions.
"Chris has been instrumental in developing the company's strategic plan that has enabled global growth and growth," Enrique Hernandez Jr., chairman of the chain's board of directors said in an interview with the Wall Street Journal, Kempczinski, that he will continue Easterbrook's investment in technology and is pleased to discuss franchisees' concerns.
"There will be no radical strategic shift," he said Sunday to the Journal. "The plan works."