McDonald’s HR Chief Resigns After CEO Easterbrook’s Exit

McDonald’s shares dropped 3 percent on Monday, 4 November.

Published
World
1 min read
 McDonald’s shares dropped 3 percent on Monday, 4 November.
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After McDonald's CEO Steve Easterbrook was released from the company over a consensual relationship with a employee, the fast food giant has announced that its Global Chief People Officer, David Fairhurst, will also depart with Easterbrook, a report in Forbes said on Tuesday, 5 November.

The HR Head’s departure was announced in an internal memo signed by new CEO Chris Kempczinksi, according to a Bloomberg report.

Fairhurst was named the Chief People's Officer in 2015, soon after Easterbrook took over as CEO. According to Forbes, he will be replaced by Mason Smoot, a senior vice president who also served as a chief of staff during Easterbrook's tenure.

According to the Forbes report, the company denied to comment further on this development. Hence, it is not known why Fairhurst was leaving, or if his departure has anything to do with Easterbrook's scandal.

McDonald's shares dropped 3 percent on Monday, 4 November.

(With inputs from Forbes and Bloomberg.)

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