McDonald's chief of human resources leaves after CEO restructuring
NEW YORK: A day later McDonald's Announced the dismissal of its executive director for a relationship with an employee, the company confirmed Monday that its chief human resources executive also left the fast-food giant.
David Fairhurst, who joined McDonald's in 2005 and was named chief people officer at the restaurant chain in 2015, left the company, a McDonald's spokeswoman said, declining to comment further.
The company announced Sunday that CEO Steve Easterbrook had left the company after a consensual relationship with an employee who violated the company's policy.
Easterbrook (...) separated from the company after the board's determination that it violated the company's policy and demonstrated a poor judgment involving a recent consensual relationship with an employee, the company said in a statement.
The Easterbrook separation agreement includes severance pay for six months, plus options to purchase shares that are currently granted or would be granted within three years. Options that cannot be exercised within that period will be lost, according to a presentation of US securities. UU.
Easterbrook agreed to release any claim against the company and not work for two years for a long list of competitors that includes Burger King, Chick-fil-A, Starbucks and Pizza Hut.
In 2018, Easterbrook's base salary was $ 1.3 million and its total compensation, including bond and stock options, was $ 15.9 million.
A note from Morningstar praised Easterbrook's successor, Chris Kempczinski, who joined McDonald's in October 2015 after working in a senior strategic role at Kraft Foods and previously at PepsiCo.
Kempczinski, who became head of McDonald's USA in 2017, helped promote digital technology and home delivery, Morningstar said.
McDonald's shares tumbled 2.9 per cent to $ 188.25 in afternoon trading.