McDonald's U.S. Chief Mike Andres to Retire
August 31 2016 - 6:06PM
Dow Jones News
By Ezequiel Minaya
McDonald's Corp. said Wednesday that retiring U.S. President
Mike Andres would be succeeded by company executive Chris
Kempczinski, effective Jan. 1.
Mr. Andres is a 30-year veteran of the chain and among the chief
architects of McDonald's makeover in the last year as the fast-food
giant went about trying to keep pace with shifting tastes toward
fresher fare.
Mr. Kempczinski, meanwhile, joined McDonald's last year and is
executive vice president of strategy, business development and
innovation, coming over from Kraft Foods Group where he served as
president of international and vice president of growth
initiatives
"As we thank Mike for his contributions, we are confident Chris
is the right leader to build upon our U.S. progress and bring a new
level of convenience and excitement to the restaurant experience,"
said CEO Steve Easterbrook.
McDonald's has pushed to simplify its ingredients and satisfy
increasingly conscientious customers. Most recently, the company
said it would replace high-fructose corn syrup in its sandwich buns
with sugar. The company also unveiled plans to roll out Chicken
McNuggets and some breakfast items free of artificial
preservatives.
Since taking over as chief executive last year, Mr. Easterbrook
has pushed McDonald's to improve its familiar product offerings.
The company also most notably boosted stalled sales by offering
all-day breakfast in October.
Even though the company has posted four consecutive quarters of
positive sales at McDonald's stores open at least a year, in the
latest quarter the growth missed analysts' expectations.
Write to Ezequiel Minaya at Ezequiel.Minaya@wsj.com
(END) Dow Jones Newswires
August 31, 2016 17:51 ET (21:51 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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