McDonald’s COO retiring; role being eliminated

OAK BROOK, Illinois — McDonald’s announced Thursday that its operations chief will retire later this year and won’t be replaced in that role, with the fast-food chain opting instead to give additional responsibilities to two senior executives.

Tim Fenton, 56, will step down as COO on October 1 but will stay on as a special advisor to Chief Executive Officer Don Thompson.

Chief Financial Officer Pete Bensen, 51, will now also oversee the global supply chain, development and franchising functions. Steve Easterbrook, 46, global chief brand officer, will also take on oversight of McDonald’s restaurant solutions group and corporate strategy, among other new roles.

Source: Reuters


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