McDonald’s chief executive officer (CEO) Steve Easterbrook was fired from the company after violating company policy by engaging in a consensual relationship with an employee, the corporation said on Sunday.
The fast food giant said Easterbrook demonstrated poor judgment.
The board of directors named Chris Kempczinski, the president of McDonald’s USA, as its new president and CEO.
In an email to McDonald’s employees Easterbrook acknowledged that he had a relationship with an employee and said it was a mistake, that violated company policy.
“Given the values of the company, I agree with the board that it is time for me to move on,” Easterbrook wrote.
He also said that his time as CEO “have been the most fulfilling years of my working life.”
According to the sources, details of Easterbrook’s separation package will be released on Monday in a federal filing. He will also be leaving the company’s board.
Easterbrook had served as chief executive since 2015.