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US McDonald's CEO steps down after relationship with employee

00:00  04 november  2019
00:00  04 november  2019 Source:   ap.org

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NEW YORK — McDonald ’ s chief executive officer has left the company after violating company policy by engaging in a consensual relationship with an employee McDonald ’ s forbids managers from having romantic relationships with direct or indirect reports. In an email to employees

McDonald ' s CEO Steve Easterbrook (pictured) has stepped down after violating company policy by engaging in a consensual relationship with an employee , the fast food giant announced on Sunday. McDonald ' s board of directors voted on Easterbrook's departure Friday after conducting a thorough

NEW YORK (AP) — McDonald's chief executive officer has left the company after violating company policy by engaging in a consensual relationship with an employee, the corporation said Sunday.

FILE - In this Wednesday, July 26, 2017, file photo, McDonald's CEO Steve Easterbrook is interviewed at the New York Stock Exchange. McDonald's said Sunday, Nov. 3, 2019, that Easterbrook has stepped down after violating company policy by engaging in a consensual relationship with an employee. (AP Photo/Richard Drew, File)© Provided by The Associated Press FILE - In this Wednesday, July 26, 2017, file photo, McDonald's CEO Steve Easterbrook is interviewed at the New York Stock Exchange. McDonald's said Sunday, Nov. 3, 2019, that Easterbrook has stepped down after violating company policy by engaging in a consensual relationship with an employee. (AP Photo/Richard Drew, File)

The fast food giant said former president and CEO Steve Easterbrook demonstrated poor judgment. McDonald's forbids managers from having romantic relationships with direct or indirect reports.

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Steve Easterbrook has left his role as chief executive of McDonald ’ s , the fast-food chain announced on Sunday, after he engaged in a consensual relationship with an employee that violated company policy.

McDonald ' s said Sunday, Nov. 3, 2019, that Easterbrook has stepped down after violating company policy by engaging in a consensual relationship with an employee . Steve Easterbrook is out as McDonald ' s CEO and president after the board determined that he violated company policy, the

In an email to employees, Easterbrook acknowledged he had a relationship with an employee and said it was a mistake.

"Given the values of the company, I agree with the board that it is time for me to move on," Easterbrook said in the email.

McDonald's board of directors voted on Easterbrook's departure Friday after conducting a thorough review. Details of Easterbrook's separation package will be released Monday in a federal filing, according to a company spokesperson.

The board of directors named Chris Kempczinski, who recently served as president of McDonald's USA, as its new president and CEO.

Kempczinski was instrumental in the development of McDonald's strategic plan and oversaw the most comprehensive transformation of the U.S. business in McDonald's history, said Enrique Hernandez, chairman of McDonald's board, in a statement.

"Steve brought me into McDonald's and he was a patient and helpful mentor," Kempczinski said, thanking him for his contributions.

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