McDonald's COO retiring; role being eliminated

Thu Mar 20, 2014 3:26pm EDT

Tim Fenton, president of McDonald's Asia-Pacific, Middle East and Africa unit, poses at a McCafe restaurant in Hong Kong November 7, 2006. REUTERS/ Nichola Groom

Tim Fenton, president of McDonald's Asia-Pacific, Middle East and Africa unit, poses at a McCafe restaurant in Hong Kong November 7, 2006.

Credit: Reuters/ Nichola Groom

(Reuters) - McDonald's Corp (MCD.N) on Thursday said its operations chief will retire later this year and won't be replaced in that role, with the restaurant chain opting instead to give additional responsibilities to two senior executives.

Tim Fenton, 56, will step down as COO on October 1 but stay on as a special advisor to Chief Executive Officer Don Thompson.

Chief Financial Officer Pete Bensen, 51, will now also oversee the global supply chain, development and franchising functions. Steve Easterbrook, 46, global chief brand officer, will also take on oversight of McDonald's restaurant solutions group and corporate strategy, among other new roles.

(Reporting by Phil Wahba in New York; Editing by David Gregorio)

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Comments (1)
ELH_HUN10 wrote:
Wow, existing execs can take on new duties. Must be nice to have all of that free time on their hands. I guess the company is so smoothly run the executives have nothing bettor to do.

Mar 20, 2014 4:07pm EDT  --  Report as abuse
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