McDonald's (MCD) Promotes Jeff Stratton to USA Division President
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Price: $270.67 +2.23%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2.7%
EPS Growth %: +4.7%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2.7%
EPS Growth %: +4.7%
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McDonald's Corporation (NYSE: MCD) today announced that Jeff Stratton, currently Global Chief Restaurant Officer, will succeed Jan Fields as president of McDonald's USA, effective December 1. Fields will be leaving after more than 35 years with the company.
Fields, 57, drove major business initiatives in McDonald's 14,000 U.S. restaurants such as expanding the McCafe beverage menu, modernizing restaurants, and recruiting 60,000 new McDonald's workers on "National Hiring Day." Under her leadership, McDonald's USA made significant nutrition advancements by revamping the Happy Meal last year to include apple slices and smaller, kid-size French Fries; and in September, by voluntarily posting nutrition information on menu boards.
The McDonald's Board of Directors has named Executive Vice President and Global Chief Restaurant Officer Jeff Stratton to succeed Fields. Stratton, 57, oversees the function of nearly 34,000 McDonald's restaurants globally, focusing in areas such as innovation, concept and design, operations, training, performance, and security. Stratton will report to McDonald's Chief Operating Officer Tim Fenton.
Fields, 57, drove major business initiatives in McDonald's 14,000 U.S. restaurants such as expanding the McCafe beverage menu, modernizing restaurants, and recruiting 60,000 new McDonald's workers on "National Hiring Day." Under her leadership, McDonald's USA made significant nutrition advancements by revamping the Happy Meal last year to include apple slices and smaller, kid-size French Fries; and in September, by voluntarily posting nutrition information on menu boards.
The McDonald's Board of Directors has named Executive Vice President and Global Chief Restaurant Officer Jeff Stratton to succeed Fields. Stratton, 57, oversees the function of nearly 34,000 McDonald's restaurants globally, focusing in areas such as innovation, concept and design, operations, training, performance, and security. Stratton will report to McDonald's Chief Operating Officer Tim Fenton.
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