McDonald’s Fires CEO After ‘Relationship’ With Employee, Shares Drop

McDonald’s Fires CEO After ‘Relationship’ With Employee, Shares Drop
Steve Easterbrook, chief executive officer of McDonald's, attends the annual Allen & Company Sun Valley Conference in Sun Valley, Idaho, on July 10, 2019. Drew Angerer/Getty Images
Jack Phillips
Jack Phillips
Breaking News Reporter
|Updated:

Shares for McDonald’s dropped after CEO Steve Easterbrook was fired after he had a relationship with an employee, which violated the company’s policy.

Chris Kempczinski, who was the head of the firm’s U.S. business, is now new CEO, the company said in an announcement on Sunday night.

Jack Phillips
Jack Phillips
Breaking News Reporter
Jack Phillips is a breaking news reporter who covers a range of topics, including politics, U.S., and health news. A father of two, Jack grew up in California's Central Valley. Follow him on X: https://twitter.com/jackphillips5
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