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TMCNet:  McDonald's chief operating officer to retire [Saudi Press Agency (Saudi Arabia)]

[March 21, 2014]

McDonald's chief operating officer to retire [Saudi Press Agency (Saudi Arabia)]

(Saudi Press Agency (Saudi Arabia) Via Acquire Media NewsEdge) NEW YORK, Jumada I 19, 1435, Mar 20, 2014, SPA -- McDonald's says its chief operating officer is retiring and that it won't refill the position, AP reported.

The company says Tim Fenton, 56, will retire in October then act as a special adviser to CEO Don Thompson.

The Oak Brook, Illinois-based company says Fenton will not be replaced. Instead, it's expanding the responsibilities for Chief Financial Officer Pete Bensen and Global Chief Brand Officer Steve Easterbrook.

"It's widely known that I battle severe asthma," Fenton said in a statement explaining his retirement. "I simply cannot continue to meet the global travel demands of this position and will focus on improving my health closer to home." Fenton joined McDonald's as a restaurant employee in 1973.


The move comes as McDonald's Corp. fights to boost sales after years of outperforming its rivals. ! NEW YORK, Jumada I 19, 1435, Mar 20, 2014, SPA -- McDonald's says its chief operating officer is retiring and that it won't refill the position, AP reported.

The company says Tim Fenton, 56, will retire in October then act as a special adviser to CEO Don Thompson.

The Oak Brook, Illinois-based company says Fenton will not be replaced. Instead, it's expanding the responsibilities for Chief Financial Officer Pete Bensen and Global Chief Brand Officer Steve Easterbrook.

"It's widely known that I battle severe asthma," Fenton said in a statement explaining his retirement. "I simply cannot continue to meet the global travel demands of this position and will focus on improving my health closer to home." Fenton joined McDonald's as a restaurant employee in 1973.

The move comes as McDonald's Corp. fights to boost sales after years of outperforming its rivals.

-- SPA 23:17 LOCAL TIME 20:17 GMT   All Rights Reversed for Saudi Press Agency Provided by Syndigate.info, an Albawaba.com company (c) 2014 All rights reserved. Albawaba.com

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