McDonald's CEO throws in towel as sales decline
By Associated Press | China Daily | Updated: 2015-01-30 07:43
Intensified competition, changing attitudes toward food take toll on burger behemoth
McDonald's CEO Don Thompson is stepping down as the world's biggest hamburger chain fights to hold onto customers and transform its image.
The company said Thompson, who has been CEO for two-and-a-half years, will be replaced by Steve Easterbrook, a company veteran who rejoined McDonald's as its chief brand officer in 2013.
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