The famous fast food giant McDonald’s Corp. named its new president. Mike Andres, 56, will take over the position of Jeff Stratton, 58, who is retiring on 15 October after two years of working as president. He is about 41 years with McDonald’s. This is the second time McDonald’s is going to appoint a president within 2 years.
Andres worked at McDonald’s for 30 years. Andres started his career at the Golden Arches as manager. He moved up the ranks to become president and CEO of Boston Market, then a McDonald’s subsidiary, and president of McDonald’s central U.S. division.
Reuters said that Andres hiring puts added pressure on CEI Don Thmopson to hasten the sales. But it was tough for McDonald’s. Reuters reported that the change comes as McDonald’s has suffered through flat or declining monthly sales at its U.S. stores since November.
Thompson has promised to get McDonald’s back to basics. But the Newswire added that since Thompson took over in July, results have been disappointing with sales. There are also internal errors and cautions spending.