McDonald's CEO was replaced

McDonald's CEO and president Steve Easterbrook has "separated" from the company and has been replaced in both roles by Chris Kempczinski after the board determined that Easterbrook violated company policy having a recent consensual relationship with an employee.

He became CEO in 2015 and was most recently president of McDonald's USA. „I engaged in a recent consensual relationship with an employee, which violated McDonald's policy," Easterbrook wrote. "This was a mistake. Given the values of the company, I agree with the board that it is time for me to move on. Beyond this, I hope you can respect my desire to maintain my privacy."  Easterbrook described Kempczinski as "the ideal person to take on the role of CEO." With Easterbrook at the helm, the company has rapidly remodeled stores to include digital menu boards, and acquired artificial intelligence companies to improve the drive-thru experience and make more sales. The company also started selling fresh beef quarter pounders. Stock has roughly doubled since 2015.

Chris Kempczinski is now President and CEO of McDonald's

"I'm thrilled to be leading this incredible company. Working alongside our talented team, our Board, our franchisees and suppliers, I am committed to upholding our rich heritage of serving our customers and driving value for our shareholders and other stakeholders,” Kempczinski said after invetiture.