Inside McDonald's CEO Chris Kempczinski's quest to win over chain - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 77 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 34%
  • Publisher: 51%

United States Headlines News

United States Latest News,United States Headlines

Inside McDonald's new CEO's quest to win over the massive fast-food giant in the wake of his predecessor's shocking exit

Then, Easterbrook was abruptly terminated after an investigation into his relationship with a female employee. Suddenly, Kempczinski was thrust into the position as CEO, just four years after he originally joined McDonald's.

Kempczinski's quest to win over McDonald's has been largely successful so far, according to these insiders. Presenting a calm and optimistic face in response to a dramatic shakeup, Kempczinski has laid out a strategic plan in line with Easterbrook's that also emphasizes ethics and values in the face of scandal. Steve Easterbrook was well-liked at McDonald's before his shocking departure.

Hernandez Jr. also alluded to Easterbrook's departure, in discussion of the company's policy around relationships between employees. "I think that folks trust the board," said one former corporate employee who left McDonald's earlier this year. If board members determined Easterbrook's relationship was grounds for termination, "there must have been something that was driving it." When the market closed on November 1, the Friday before Easterbrook's departure, shares were trading at $193.94.

Improved financials and collaboration helped pave the way for franchisees to respond to Kempczinski's promotion with cautious optimism, as opposed to outright hostility. Kempczinski also sprang into action to fully win over franchisees and smooth over past tension. "As part of my transition into the role, I will be traveling around the country visiting restaurants and learning from all of you and your accomplishments,""You can expect that I will be observing, listening and asking lots of questions – regrounding myself in our US Business."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ask Chris Black: Can You Suggest Some Tasteful, Unique Groomsmen Gifts?Plus Chris’s favorite camo clothes for winter and four coffee-table books he loves to give as gifts. camo clothes. really? come to flyover country.
Source: NYMag - 🏆 111. / 63 Read more »

Chris Wallace Accuses Top Republican of ‘Very Badly’ Mischaracterizing Impeachment TestimonyFox News Sunday anchor Chris Wallace repeatedly confronted House Minority Whip Steve Scalise (R-LA) on Sunday over the top Republican’s characterization of last week’s impeachment testimony, accusing congressman of “very badly” misrepresenting the witnesses’ positions.Wallace pressed the Trump-boosting
Source: YahooNews - 🏆 380. / 59 Read more »

Chris Ramsey reveals he and wife Rosie Winter won't fall victim to the 'Strictly curse'Chris Ramsey has revealed why he'd never fall victim to the Strictly 'curse' - and the reason is hilarious
Source: hellomag - 🏆 24. / 68 Read more »

I Am So Conflicted Over Chris Evans' Double-Breasted White SuitChris Evans' Double-Breasted Winter-White Suit Is Giving Me So Many Conflicting Feelings
Source: ELLE Magazine (US) - 🏆 472. / 51 Read more »

Chris Kamara got no Christmas presents as kid despite it falling on his birthdaySky Sports pundit and football legend Chris 'Kammy' Kamara reveals he was also told he couldn't play football because he was black - as he launches singing career with new album Here's To Christmas
Source: Mirror Celeb - 🏆 476. / 51 Read more »

Trump calls Fox News host Chris Wallace 'nasty' for Scalise interview
Source: USATODAY - 🏆 100. / 63 Read more »