McDonald's CEO to retire at end-June

McDonald’s chief executive Jim Skinner is retiring after almost eight years running the world’s largest fast food chain and will be succeeded by chief operating officer Don Thompson.

22nd March, 2012
McDonald's CEO to retire at end-June
McDonald's CEO retires

McDonald’s chief executive Jim Skinner is retiring after almost eight years running the world’s largest fast food chain and will be succeeded by chief operating officer Don Thompson.

McDonald’s said Skinner would also retire from the board, where he serves as vice chairman.

Thompson, who became president and operating chief in January 2010, will assume his new role on July 1st.

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