AIRLINK 73.06 Decreased By ▼ -6.94 (-8.68%)
BOP 5.09 Decreased By ▼ -0.09 (-1.74%)
CNERGY 4.37 Decreased By ▼ -0.09 (-2.02%)
DFML 32.45 Decreased By ▼ -2.71 (-7.71%)
DGKC 75.49 Decreased By ▼ -1.39 (-1.81%)
FCCL 19.52 Decreased By ▼ -0.46 (-2.3%)
FFBL 36.15 Increased By ▲ 0.55 (1.54%)
FFL 9.22 Decreased By ▼ -0.31 (-3.25%)
GGL 9.85 Decreased By ▼ -0.31 (-3.05%)
HBL 116.70 Decreased By ▼ -0.30 (-0.26%)
HUBC 132.69 Increased By ▲ 0.19 (0.14%)
HUMNL 7.10 Increased By ▲ 0.04 (0.57%)
KEL 4.41 Decreased By ▼ -0.24 (-5.16%)
KOSM 4.40 Decreased By ▼ -0.25 (-5.38%)
MLCF 36.20 Decreased By ▼ -1.30 (-3.47%)
OGDC 133.50 Decreased By ▼ -0.97 (-0.72%)
PAEL 22.60 Decreased By ▼ -0.30 (-1.31%)
PIAA 26.01 Decreased By ▼ -0.62 (-2.33%)
PIBTL 6.55 Decreased By ▼ -0.26 (-3.82%)
PPL 115.31 Increased By ▲ 3.21 (2.86%)
PRL 26.63 Decreased By ▼ -0.57 (-2.1%)
PTC 14.10 Decreased By ▼ -0.28 (-1.95%)
SEARL 53.45 Decreased By ▼ -2.94 (-5.21%)
SNGP 67.25 Increased By ▲ 0.25 (0.37%)
SSGC 10.70 Decreased By ▼ -0.13 (-1.2%)
TELE 8.42 Decreased By ▼ -0.87 (-9.36%)
TPLP 10.75 Decreased By ▼ -0.43 (-3.85%)
TRG 63.87 Decreased By ▼ -5.13 (-7.43%)
UNITY 25.12 Decreased By ▼ -0.37 (-1.45%)
WTL 1.27 Decreased By ▼ -0.05 (-3.79%)
BR100 7,465 Decreased By -57.3 (-0.76%)
BR30 24,199 Decreased By -203.3 (-0.83%)
KSE100 71,103 Decreased By -592.5 (-0.83%)
KSE30 23,395 Decreased By -147.4 (-0.63%)
Business & Finance

McDonald's CEO Steve Easterbrook fired for dating employee

McDonalds said that Steve Easterbrook has separated from the company after he violated company policy. Easterb
Published November 4, 2019
  • McDonalds said that Steve Easterbrook has separated from the company after he violated company policy.
  • Easterbrook was replaced by McDonalds USA President Chris Kempczinski immediately.

One of the world’s largest fast food companies McDonalds has fired its CEO, after it was learnt that the CEO was having a relationship with an employee.

The company announced in a statement that Steve Easterbrook — who had been the fast-food giant’s chief executive officer since 2015 —  “has separated from the Company following the Board's determination that he violated company policy and demonstrated poor judgement involving a recent consensual relationship with an employee.”

Without providing further details, McDonald’s said Easterbrook would be replaced by USA President Chris Kempczinski, 51, effective immediately. “Chris takes the reins of this great company at a time of strong, sustained performance, and the Board has every confidence that he is the best leader to set the vision and drive the plans for the Company's continued success,” stated the company.

Meanwhile, in an email to employees Easterbrook wrote “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 added, quoted BBC.

Easterbrook became CEO of McDonald’s in 2015. The UK born has earlier served in positions of McDonald’s chief brand officer of and its former head in the U.K. and northern Europe.

Comments

Comments are closed.