BREAKING: McDonald’s Fires CEO Steve Easterbrook

McDonald’s Corp. said it had fired Chief Executive Steve Easterbrook because of his consensual relationship with an employee, causing more issues for the company struggling with soft sales at its U.S. restaurants.

McDonald’s said Sunday that its board voted Friday to terminate Mr. Easterbrook after investigating his relationship with the unnamed employee. Easterbrook also resigned from McDonald’s board. He said in an email to McDonald’s employees on Sunday that he had violated company policy on personal conduct. Easterbrook said in the email to employees, “This was a mistake. Given the values of the company, I agree with the board that it is time for me to move on.”

The company wouldn’t provide more details on the relationship and said that Easterbrook would be replaced immediately by USA President Chris Kempczinski.

Source: McDonald’s CEO steps down after relationship with employee – SFGate

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