Steve Easterbrook: Difference between revisions

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| birth_name = Stephen James Easterbrook
| birth_name = Stephen James Easterbrook
| birth_date = {{Birth date and age|1967|8|6|df=y}}
| birth_date = {{Birth date and age|1967|8|6|df=y}}
| birth_place = [[Watford]], England
| birth_place = [[Watford]], England, United Kingdom
| nationality = British
| nationality = British
| occupation = Business executive
| title = Former President and CEO, [[McDonald's Corporation]]
| education = [[St Chad's College, Durham]] (BSc)
| education = [[St Chad's College, Durham]] (BSc)
| occupation = Business executive
| title = Former President and CEO, [[McDonald's]]
| children = 3
| children = 3
| known_for = CEO of McDonald's (2015–2019)
| known_for = CEO of McDonald's (2015–2019)
}}
}}


'''Stephen James Easterbrook''' (born 6 August 1967) is a British business executive who served as the president and chief executive officer of [[McDonald's Corporation]], the world's largest fast-food restaurant chain, from March 2015 to November 2019. Born and raised in [[Watford]], England, Easterbrook spent much of his career within the McDonald's system, rising through its United Kingdom and European divisions before being appointed to lead the global corporation. During his tenure as CEO, he oversaw a significant turnaround strategy that included menu simplification, technological investment, restaurant remodelling, and a renewed focus on the brand's connection with customers. His leadership period saw a substantial increase in the company's share price and market capitalisation. However, his time at the helm ended abruptly on 1 November 2019, when the McDonald's board of directors voted to dismiss him after determining he had engaged in a consensual relationship with an employee, in violation of company policy.<ref name="bbc-fired">{{cite news |date=2019-11-04 |title=McDonald's boss Steve Easterbrook fired after dating employee |url=https://www.bbc.com/news/business-50283720 |work=BBC News |access-date=2026-02-24}}</ref> The aftermath of his dismissal involved protracted legal proceedings, a lawsuit by McDonald's alleging fraud and concealment, a settlement in which Easterbrook returned equity awards and cash valued at over $105 million, and charges by the U.S. Securities and Exchange Commission.<ref name="nyt-settlement">{{cite news |last=Yaffe-Bellany |first=David |date=2021-12-16 |title=Steve Easterbrook, Former McDonald's C.E.O., Repays Company $105 Million |url=https://www.nytimes.com/2021/12/16/business/mcdonalds-steve-easterbrook.html |work=The New York Times |access-date=2026-02-24}}</ref>
'''Stephen James Easterbrook''' (born 6 August 1967) is a British business executive who served as president and chief executive officer of [[McDonald's Corporation]], the world's largest fast food chain, from March 2015 to November 2019. Born and raised in [[Watford]], England, Easterbrook built his career within the McDonald's system over more than two decades, rising through leadership positions in the United Kingdom and across Europe before being appointed to the company's top global role. During his tenure as CEO, he oversaw a significant strategic turnaround plan that included store modernisation, menu simplification, the introduction of all-day breakfast in the United States, and investments in digital technology and delivery services. McDonald's share price rose substantially under his leadership, and the company's financial performance improved after a period of declining sales.<ref name="guardian-new-ceo">{{cite news |title=McDonald's new chief executive Steve Easterbrook |url=https://www.theguardian.com/business/2015/jan/29/mcdonalds-new-chief-executive-steve-easterbrook |work=The Guardian |date=2015-01-29 |access-date=2026-02-24}}</ref> His tenure came to an abrupt end on 3 November 2019, when the McDonald's board of directors terminated him for engaging in a consensual relationship with an employee, a violation of the company's anti-fraternisation policies.<ref name="nyt-fired">{{cite news |last=Friedman |first=Vanessa |date=2019-11-03 |title=McDonald's Fires C.E.O. Steve Easterbrook After Relationship With Employee |url=https://www.nytimes.com/2019/11/03/business/mcdonalds-ceo-fired-steve-easterbrook.html |work=The New York Times |access-date=2026-02-24}}</ref> The aftermath of his dismissal led to a protracted legal dispute between Easterbrook and McDonald's that culminated in a settlement in which he returned equity awards and cash valued at over $105 million, one of the largest corporate clawbacks in history.<ref name="nyt-settlement">{{cite news |date=2021-12-16 |title=Steve Easterbrook, Former McDonald's C.E.O., Repays Company $105 Million |url=https://www.nytimes.com/2021/12/16/business/mcdonalds-steve-easterbrook.html |work=The New York Times |access-date=2026-02-24}}</ref>


== Early Life ==
== Early Life ==


Stephen James Easterbrook was born on 6 August 1967 in [[Watford]], a town in [[Hertfordshire]], England, northwest of London.<ref name="britannica">{{cite web |title=Steve Easterbrook |url=https://www.britannica.com/biography/Steve-Easterbrook |publisher=Encyclopædia Britannica |access-date=2026-02-24}}</ref> He attended [[Watford Grammar School for Boys]], a selective state school with a long history in the town.<ref name="britannica" /> Details regarding his family background and upbringing are not extensively documented in public sources. Easterbrook grew up during a period of significant economic and social change in Britain, and he would later move into a career in business and finance that took him from the United Kingdom to the global stage.
Stephen James Easterbrook was born on 6 August 1967 in [[Watford]], a town in [[Hertfordshire]], England, northwest of London.<ref name="britannica">{{cite web |title=Steve Easterbrook |url=https://www.britannica.com/biography/Steve-Easterbrook |publisher=Encyclopædia Britannica |access-date=2026-02-24}}</ref> He grew up in the Watford area and attended [[Watford Grammar School for Boys]], a selective state grammar school with a history dating to the early 18th century.<ref name="independent-profile">{{cite news |title=Steve Easterbrook: An appetite for more growth at McDonald's UK |url=https://www.independent.co.uk/news/people/profiles/steve-easterbrook-an-appetite-for-more-growth-at-mcdonalds-uk-1996098.html |work=The Independent |access-date=2026-02-24}}</ref>
 
Details of Easterbrook's early family life have not been extensively documented in public sources. What is known is that he pursued higher education at [[Durham University]] in northeast England, where he studied at [[St Chad's College, Durham|St Chad's College]], one of the university's recognised colleges. He graduated with a Bachelor of Science degree.<ref name="britannica" />


== Education ==
== Education ==


Easterbrook pursued his higher education at [[St Chad's College]], a college of [[Durham University]] in northeast England. He graduated with a [[Bachelor of Science]] (BSc) degree, though the specific subject of his undergraduate studies is not consistently detailed across available sources.<ref name="britannica" /> After completing his studies at Durham, Easterbrook began his professional career in accountancy and business, a path that would eventually lead him to the fast-food industry.
Easterbrook studied natural sciences at [[St Chad's College, Durham|St Chad's College]], part of [[Durham University]], and completed a Bachelor of Science (BSc) degree.<ref name="britannica" /> He later entered the field of accounting and became a qualified accountant, which provided him with a financial and analytical foundation that would underpin his career in business management.<ref name="independent-profile" /> His training in accountancy was a notable aspect of his professional background, distinguishing him from many fast food industry executives who came up through operations or marketing.


== Career ==
== Career ==


=== Early Career and Entry into McDonald's ===
=== Early Career and Rise at McDonald's UK ===


Before joining McDonald's, Easterbrook worked as an accountant at [[Price Waterhouse]] (later [[PricewaterhouseCoopers]]), one of the major professional services firms.<ref name="independent-profile">{{cite news |title=Steve Easterbrook: An appetite for more growth at McDonald's UK |url=https://www.independent.co.uk/news/people/profiles/steve-easterbrook-an-appetite-for-more-growth-at-mcdonalds-uk-1996098.html |work=The Independent |access-date=2026-02-24}}</ref> His experience in financial management and corporate strategy provided a foundation for his subsequent career in the restaurant industry. He joined McDonald's in 1993 in the United Kingdom, beginning a long association with the company that would span more than two decades.<ref name="britannica" />
Easterbrook began his career in accountancy before joining McDonald's in 1993 as a manager in the company's United Kingdom operations.<ref name="britannica" /> Over the following years, he progressed through a series of management positions within McDonald's UK division. His early career at the company involved gaining experience across multiple operational areas of the business.<ref name="independent-profile" />


Within McDonald's UK operations, Easterbrook rose through the ranks. He took on roles of increasing responsibility, demonstrating an aptitude for brand management and operational strategy. He eventually became the chief executive of McDonald's UK, a position in which he was credited with revitalising the brand's image in the British market.<ref name="independent-profile" /> Under his leadership, McDonald's UK undertook initiatives to modernise restaurants, improve menu offerings, and address public concerns about nutrition and food sourcing. His work in the UK drew attention from the company's global leadership.
By the mid-2000s, Easterbrook had risen to become the head of McDonald's operations in the United Kingdom. In this role, he was responsible for overseeing the chain's extensive network of restaurants across Britain. During his time leading McDonald's UK, the company undertook significant efforts to refresh its brand image in the country, including restaurant refurbishments, menu changes, and sustainability initiatives. A 2009 profile in ''The Independent'' highlighted his role in driving growth at McDonald's UK operations.<ref name="independent-profile" />


=== McDonald's European and Global Roles ===
=== McDonald's European and Global Roles ===


Easterbrook's success in the United Kingdom led to broader responsibilities within the McDonald's system. He served as president of McDonald's Europe, overseeing operations across a diverse and large market.<ref name="guardian-new-ceo">{{cite news |date=2015-01-29 |title=McDonald's new chief executive Steve Easterbrook |url=https://www.theguardian.com/business/2015/jan/29/mcdonalds-new-chief-executive-steve-easterbrook |work=The Guardian |access-date=2026-02-24}}</ref> In this capacity, he was responsible for strategy and performance across numerous European countries, each with distinct consumer preferences and regulatory environments. He also held the role of global chief brand officer at McDonald's, a position focused on marketing, brand strategy, and customer engagement on a worldwide scale.<ref name="drum">{{cite news |date=2015-01-19 |title=McDonald's marketer CEO Steve Easterbrook to bring brand back to customers |url=http://www.thedrum.com/news/mcdonald-s-marketer-ceo-steve-easterbrook-bring-brand-back-customers |work=The Drum |access-date=2026-02-24}}</ref>
Easterbrook's success in the United Kingdom led to broader responsibilities within McDonald's corporate structure. He was appointed to senior roles overseeing McDonald's operations across Europe, giving him experience managing the chain's business in multiple national markets with varying consumer preferences and regulatory environments.<ref name="guardian-new-ceo" />


Easterbrook briefly departed McDonald's during his career. He served as the CEO of [[Pizza Express]] and also as the CEO of [[Wagamama]], both prominent restaurant chains in the United Kingdom.<ref name="telegraph">{{cite news |date=2015-01-29 |title=McDonald's names UK-born Steve Easterbrook as new chief executive |url=https://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/11375911/McDonalds-names-UK-born-Steve-Easterbrook-as-new-chief-executive.html |work=The Daily Telegraph |access-date=2026-02-24}}</ref> These external leadership roles broadened his experience in the restaurant sector beyond the McDonald's system and gave him insight into different business models and market segments. He returned to McDonald's and was appointed global chief brand officer before his elevation to the top position.
During this period, Easterbrook also briefly left McDonald's. He served as the CEO of [[PizzaExpress]], the British restaurant chain, and later became CEO of [[Wagamama]], the Asian-food restaurant group.<ref name="telegraph">{{cite news |title=McDonald's names UK-born Steve Easterbrook as new chief executive |url=https://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/11375911/McDonalds-names-UK-born-Steve-Easterbrook-as-new-chief-executive.html |work=The Daily Telegraph |date=2015-01-29 |access-date=2026-02-24}}</ref> These positions gave him experience running restaurant businesses outside the McDonald's system, but he ultimately returned to McDonald's, where he was appointed chief brand officer, a global role responsible for the company's marketing and brand strategy.<ref name="bbc-new-ceo">{{cite news |title=McDonald's names Steve Easterbrook as new chief executive |url=https://www.bbc.co.uk/news/business-31034874 |work=BBC News |date=2015-01-28 |access-date=2026-02-24}}</ref>


=== Appointment as CEO of McDonald's ===
=== Appointment as CEO ===


On 28 January 2015, McDonald's Corporation announced that Easterbrook would succeed [[Don Thompson]] as president and chief executive officer, effective 1 March 2015.<ref name="bloomberg-ceo">{{cite news |date=2015-01-28 |title=McDonald's Names Steve Easterbrook CEO as Thompson Steps Down |url=https://www.bloomberg.com/news/articles/2015-01-28/mcdonald-s-names-steve-easterbrook-ceo-as-thompson-steps-down |work=Bloomberg News |access-date=2026-02-24}}</ref> Thompson stepped down amid a period of declining sales and a perception that the company had lost its competitive edge in an evolving fast-food landscape.<ref name="guardian-sacks">{{cite news |date=2015-01-29 |title=McDonald's sacks CEO Don Thompson; Steve Easterbrook named replacement |url=https://www.theguardian.com/business/2015/jan/29/mcdonalds-sacks-ceo-don-thompson-steve-easterbrook |work=The Guardian |access-date=2026-02-24}}</ref> McDonald's had experienced falling same-store sales in key markets, including the United States, and faced intensified competition from both fast-casual restaurants and rival fast-food chains.
On 28 January 2015, McDonald's announced that Easterbrook would succeed [[Don Thompson]] as president and chief executive officer, effective 1 March 2015.<ref name="bloomberg-ceo">{{cite news |title=McDonald's Names Steve Easterbrook CEO as Thompson Steps Down |url=https://www.bloomberg.com/news/articles/2015-01-28/mcdonald-s-names-steve-easterbrook-ceo-as-thompson-steps-down |work=Bloomberg News |date=2015-01-28 |access-date=2026-02-24}}</ref> Thompson's departure came amid a difficult period for McDonald's, which had experienced declining same-store sales and growing competition from both fast-casual chains and other quick-service rivals. The company reported that global comparable sales had fallen, and its U.S. business had been particularly challenged.<ref name="guardian-sacks">{{cite news |title=McDonald's sacks CEO Don Thompson; Steve Easterbrook takes over |url=https://www.theguardian.com/business/2015/jan/29/mcdonalds-sacks-ceo-don-thompson-steve-easterbrook |work=The Guardian |date=2015-01-29 |access-date=2026-02-24}}</ref>


The appointment of Easterbrook, a British national, to lead the quintessentially American corporation was noted by the business press. The BBC reported on his appointment, highlighting the challenges facing the company at the time.<ref name="bbc-appointment">{{cite news |date=2015-01-29 |title=McDonald's names UK-born Steve Easterbrook as new chief executive |url=https://www.bbc.co.uk/news/business-31034874 |work=BBC News |access-date=2026-02-24}}</ref> Analysts and industry observers noted that Easterbrook's background as the global chief brand officer signalled that McDonald's intended to prioritise brand revitalisation and customer engagement as part of its recovery strategy.<ref name="drum" />
Easterbrook's appointment was viewed by industry observers as a signal that McDonald's intended to focus on brand revitalisation. His background as the company's global chief brand officer made him a somewhat unconventional choice compared to predecessors who had primarily come from operations backgrounds. ''The Drum'' described the appointment as McDonald's decision to install a "marketer CEO" who could bring the brand "back to customers."<ref name="drum">{{cite news |title=McDonald's marketer CEO Steve Easterbrook to bring brand back to customers |url=http://www.thedrum.com/news/mcdonald-s-marketer-ceo-steve-easterbrook-bring-brand-back-customers |work=The Drum |date=2015-11-19 |access-date=2026-02-24}}</ref>


=== Turnaround Strategy and Tenure as CEO ===
The selection of a British executive to lead the quintessentially American corporation attracted attention in both the British and American media. ''The Daily Telegraph'' and ''The Guardian'' both noted the significance of a UK-born leader being chosen for one of the most prominent CEO roles in global business.<ref name="telegraph" /><ref name="guardian-new-ceo" />


Upon assuming the role of CEO, Easterbrook moved quickly to implement what he described as a turnaround plan for McDonald's. He acknowledged publicly that the company had been slow to respond to changing consumer tastes and competitive pressures. His strategy encompassed several key pillars:
=== Turnaround Strategy ===


'''Menu Innovation and Simplification:''' Easterbrook pushed for changes to the McDonald's menu, including the introduction of all-day breakfast in the United States—a move that proved popular with customers and was credited with helping to reverse declining same-store sales. He also sought to simplify the menu in some markets to improve operational efficiency and order speed.
Upon taking office, Easterbrook moved quickly to articulate a turnaround strategy for McDonald's. He publicly acknowledged that the company's performance had been unsatisfactory and outlined plans to restructure the business and reinvigorate the brand. Key elements of his strategy included simplifying the menu, which had grown unwieldy over the years; improving the quality of food ingredients; and accelerating the pace of restaurant modernisation, including the introduction of self-order kiosks and table service in many locations.<ref name="guardian-new-ceo" />


'''Restaurant Modernisation:''' Under Easterbrook's leadership, McDonald's accelerated the remodelling of its restaurants, introducing self-service ordering kiosks, digital menu boards, and table service in many locations. These changes were designed to improve the customer experience and bring the restaurant environment in line with contemporary expectations.
One of the most prominent initiatives during Easterbrook's tenure was the rollout of all-day breakfast in the United States, which proved popular with consumers and contributed to an improvement in same-store sales. The company also invested in digital capabilities, including the development of a mobile ordering application and partnerships with third-party delivery services such as [[Uber Eats]].<ref name="britannica" />


'''Technology and Digital Investment:''' Easterbrook placed significant emphasis on technology as a driver of growth. McDonald's invested in mobile ordering and delivery capabilities, partnering with third-party delivery services to make its products more accessible. In 2019, McDonald's acquired [[Dynamic Yield]], an Israeli technology company specialising in personalisation and decision logic technology, which was integrated into the drive-through experience to offer personalised menu suggestions.<ref name="britannica" />
Easterbrook oversaw a significant restructuring of McDonald's corporate operations, including the refranchising of many company-owned restaurants. This strategy shifted more restaurants from corporate ownership to franchisee ownership, reducing the company's direct operational costs while increasing franchise fee income. He also implemented cost-cutting measures at the corporate level.<ref name="guardian-sacks" />


'''Refranchising:''' Easterbrook continued and accelerated a strategy of refranchising company-owned restaurants, shifting more locations to franchise operators. This approach was intended to improve the company's margins and return capital to shareholders.
Under Easterbrook's leadership, McDonald's financial performance improved markedly. The company's share price increased significantly during his tenure, and comparable sales growth returned to positive territory after a prolonged slump. His compensation reflected the company's improved results; McDonald's disclosed his total pay packages in annual proxy filings.<ref name="chicagotribune-pay">{{cite news |title=McDonald's executive pay |url=http://www.chicagotribune.com/business/ct-mcdonalds-executive-pay-0414-biz-20170413-story.html |work=Chicago Tribune |date=2017-04-13 |access-date=2026-02-24}}</ref>


'''Financial Performance:''' During Easterbrook's tenure, McDonald's share price rose substantially. The company's market capitalisation increased, and the stock consistently outperformed broader market indices. Shareholders benefited from rising dividends and share buybacks.<ref name="chicagotribune-pay">{{cite news |title=McDonald's executive pay |url=http://www.chicagotribune.com/business/ct-mcdonalds-executive-pay-0414-biz-20170413-story.html |work=Chicago Tribune |access-date=2026-02-24}}</ref>
Easterbrook also pursued acquisitions in the technology sector to support McDonald's digital transformation. The company acquired [[Dynamic Yield]], an Israeli-based personalisation technology company, in a deal that represented one of McDonald's largest acquisitions in decades. This technology was intended to enable personalised menu displays at drive-through lanes based on factors such as time of day, weather, and current restaurant traffic.<ref name="britannica" />


Easterbrook's leadership was generally credited by financial analysts and the business press with revitalising McDonald's after a period of stagnation. His focus on the brand, technology, and the customer experience was seen as having modernised the company's approach to the fast-food business.
=== Termination as CEO ===


=== Dismissal ===
On 3 November 2019, McDonald's announced that its board of directors had voted to terminate Easterbrook as president and CEO, effective immediately. The company disclosed that Easterbrook had been dismissed for engaging in a consensual relationship with a McDonald's employee, which violated the company's policy prohibiting managers from having romantic or sexual relationships with direct or indirect reports.<ref name="nyt-fired" />


On 1 November 2019, the McDonald's board of directors voted to dismiss Easterbrook as president and CEO, effective immediately. The company disclosed that Easterbrook had engaged in a consensual relationship with an employee, which violated McDonald's policies prohibiting romantic relationships between executives and staff members.<ref name="nyt-fired">{{cite news |date=2019-11-03 |title=McDonald's Fires C.E.O. Steve Easterbrook After Relationship With Employee |url=https://www.nytimes.com/2019/11/03/business/mcdonalds-ceo-fired-steve-easterbrook.html |work=The New York Times |access-date=2026-02-24}}</ref><ref name="bbc-fired" /> Easterbrook acknowledged the relationship and accepted the board's decision, stating in an email to employees that he had made a mistake and agreed it was time for him to move on.<ref name="cnn-fired">{{cite news |date=2019-11-04 |title=McDonald's CEO Steve Easterbrook is out for 'consensual relationship with an employee' |url=https://edition.cnn.com/2019/11/03/business/mcdonalds-ceo-steve-easterbrook-steps-down |work=CNN |access-date=2026-02-24}}</ref>
In a message to employees, Easterbrook acknowledged the relationship and said it was "a mistake." He wrote: "Given the values of the company, I agree with the board that it is time for me to move on."<ref name="bbc-fired">{{cite news |title=McDonald's boss Steve Easterbrook fired after dating employee |url=https://www.bbc.com/news/business-50283720 |work=BBC News |date=2019-11-04 |access-date=2026-02-24}}</ref> The ''Wall Street Journal'' reported that the board's decision was based on the conclusion that the relationship, even though consensual, demonstrated poor judgment inconsistent with McDonald's expectations for its chief executive.<ref name="wsj-fired">{{cite news |title=McDonald's Fires CEO Steve Easterbrook Over Relationship With Employee |url=https://www.wsj.com/articles/mcdonalds-fires-ceo-steve-easterbrook-over-relationship-with-employee-11572816660 |work=The Wall Street Journal |date=2019-11-03 |access-date=2026-02-24}}</ref>


The board initially treated Easterbrook's departure as a termination "without cause," which entitled him to a substantial severance package, including six months of base salary and the continuation of certain equity awards.<ref name="nyt-fired" /> [[Chris Kempczinski]], who had been serving as president of McDonald's USA, was named as Easterbrook's successor.<ref name="cnn-fired" />
[[Chris Kempczinski]], who had served as head of McDonald's USA division, was named as Easterbrook's successor.<ref name="nyt-fired" /> CNN reported that the board's decision came after Easterbrook himself brought the relationship to the board's attention.<ref name="cnn-fired">{{cite news |title=McDonald's CEO Steve Easterbrook is out for 'consensual relationship with an employee' |url=https://edition.cnn.com/2019/11/03/business/mcdonalds-ceo-steve-easterbrook-steps-down |work=CNN |date=2019-11-04 |access-date=2026-02-24}}</ref>


The dismissal attracted widespread media coverage, given Easterbrook's prominence as the leader of one of the world's most recognisable corporations. Media outlets including ''[[The New York Times]]'', the ''[[BBC]]'', ''[[CNN]]'', and ''[[The Wall Street Journal]]'' reported extensively on the circumstances of his departure.<ref name="wsj-fired">{{cite news |date=2019-11-03 |title=McDonald's Fires CEO Steve Easterbrook Over Relationship With Employee |url=https://www.wsj.com/articles/mcdonalds-fires-ceo-steve-easterbrook-over-relationship-with-employee-11572816660 |work=The Wall Street Journal |access-date=2026-02-24}}</ref>
Under the terms of his departure, Easterbrook was initially treated as having been terminated "without cause," which entitled him to a severance package that included six months of base salary and the continuation of certain equity awards that had vested during his tenure.<ref name="nyt-fired" />


=== Lawsuit by McDonald's and Legal Proceedings ===
=== Lawsuit and Settlement ===


In August 2020, McDonald's filed a lawsuit against Easterbrook in the [[Delaware Court of Chancery]], alleging that he had lied to investigators and concealed evidence of additional relationships with employees during the original investigation that led to his dismissal.<ref name="nyt-lawsuit">{{cite news |date=2020-08-10 |title=McDonald's Sues Former C.E.O., Accusing Him of Lying and Fraud |url=https://www.nytimes.com/2020/08/10/business/mcdonalds-ceo-steve-easterbrook.html |work=The New York Times |access-date=2026-02-24}}</ref> The company stated that it had subsequently discovered, through an anonymous tip and further investigation, that Easterbrook had engaged in sexual relationships with three additional employees in the year before his termination. McDonald's alleged that Easterbrook had destroyed evidence, including deleting sexually explicit photographs, to conceal the extent of his conduct during the initial board investigation.<ref name="nyt-lawsuit" />
In August 2020, McDonald's filed a lawsuit against Easterbrook, accusing him of lying and concealing evidence during the board's initial investigation into his conduct in 2019. ''The New York Times'' reported that the company alleged Easterbrook had engaged in sexual relationships with three additional McDonald's employees in the year prior to his termination and had concealed these relationships from investigators. The lawsuit further alleged that Easterbrook had approved a special stock grant worth hundreds of thousands of dollars to one of the employees with whom he had a relationship.<ref name="nyt-lawsuit">{{cite news |date=2020-08-10 |title=McDonald's Sues Former C.E.O., Accusing Him of Lying and Fraud |url=https://www.nytimes.com/2020/08/10/business/mcdonalds-ceo-steve-easterbrook.html |work=The New York Times |access-date=2026-02-24}}</ref>


McDonald's argued that had the board known the full extent of Easterbrook's behaviour at the time of his dismissal, he would have been terminated "for cause," which would have denied him the severance benefits he received. The company sought to recover the severance compensation, which included stock options and other equity-based awards.<ref name="nyt-lawsuit" />
McDonald's contended that had the board known about the full extent of Easterbrook's conduct at the time of his dismissal, he would have been terminated "for cause" rather than "without cause," which would have denied him the severance benefits and equity awards he received upon departure. The company sought to recover those benefits through the lawsuit and to claw back stock options and other compensation.<ref name="nyt-lawsuit" />


In December 2021, McDonald's announced that it had reached a settlement with Easterbrook. Under the terms of the settlement, Easterbrook returned equity awards and cash with a combined value of over $105 million to the company.<ref name="nyt-settlement" /><ref name="mcd-settlement">{{cite web |title=McDonald's successfully resolves lawsuit against Steve Easterbrook; former CEO returns equity awards and cash with a value of over $105 million to the Company |url=https://corporate.mcdonalds.com/corpmcd/our-stories/article/resolve-lawsuit.html |publisher=McDonald's Corporation |date=2023-01-09 |access-date=2026-02-24}}</ref> The settlement was described as one of the largest "clawback" recoveries from a former executive in corporate history.<ref name="nyt-settlement" />
In December 2021, the lawsuit was resolved through a settlement. Under the terms of the agreement, Easterbrook returned equity awards and cash with a total value exceeding $105 million to McDonald's. ''The New York Times'' described the settlement as one of the largest clawback recoveries from a former executive in corporate history.<ref name="nyt-settlement" /> McDonald's issued a statement confirming that its board had approved the settlement, describing it as a successful resolution of the matter.<ref name="mcdonalds-settlement">{{cite web |title=McDonald's successfully resolves lawsuit against Steve Easterbrook; former CEO returns equity awards and cash with a value of over $105 million to the Company |url=https://corporate.mcdonalds.com/corpmcd/our-stories/article/resolve-lawsuit.html |publisher=McDonald's Corporation |date=2023-01-09 |access-date=2026-02-24}}</ref>


=== SEC Charges ===
=== SEC Charges ===


In January 2023, the U.S. [[Securities and Exchange Commission]] (SEC) charged Easterbrook with making false and misleading statements to McDonald's investors in connection with the circumstances of his separation from the company. The SEC alleged that McDonald's disclosures regarding Easterbrook's departure—which were based on information Easterbrook had provided—were materially misleading because they failed to reveal the full extent of his misconduct.<ref name="sec-charges">{{cite news |last=Saul |first=Derek |date=2023-01-09 |title=SEC Charges Former McDonald's CEO Easterbrook For Lying About Extent Of Workplace Misconduct |url=https://www.forbes.com/sites/dereksaul/2023/01/09/sec-charges-former-mcdonalds-ceo-easterbrook-for-lying-about-extent-of-workplace-misconduct/ |work=Forbes |access-date=2026-02-24}}</ref><ref name="nyt-sec">{{cite news |date=2023-01-10 |title=McDonald's CEO and the S.E.C. |url=https://www.nytimes.com/2023/01/10/business/dealbook/mcdonalds-ceo-sec-firing.html |work=The New York Times |access-date=2026-02-24}}</ref> Easterbrook agreed to settle the SEC's charges without admitting or denying the findings, paying a $400,000 civil penalty.<ref name="sec-charges" />
In January 2023, the U.S. [[Securities and Exchange Commission]] (SEC) charged Easterbrook in connection with his conduct surrounding his departure from McDonald's. According to ''Forbes'' and ''The New York Times'', the SEC alleged that Easterbrook had misled McDonald's and its investors about the extent of his workplace misconduct in the period leading up to and following his dismissal.<ref name="forbes-sec">{{cite news |last=Saul |first=Derek |date=2023-01-09 |title=SEC Charges Former McDonald's CEO Easterbrook For Lying About Extent Of Workplace Misconduct |url=https://www.forbes.com/sites/dereksaul/2023/01/09/sec-charges-former-mcdonalds-ceo-easterbrook-for-lying-about-extent-of-workplace-misconduct/ |work=Forbes |access-date=2026-02-24}}</ref><ref name="nyt-sec">{{cite news |date=2023-01-10 |title=McDonald's CEO and the SEC |url=https://www.nytimes.com/2023/01/10/business/dealbook/mcdonalds-ceo-sec-firing.html |work=The New York Times |access-date=2026-02-24}}</ref> The SEC's action highlighted the regulatory implications of executive misconduct and disclosure obligations in publicly traded companies.


=== Post-McDonald's Activities ===
=== Post-McDonald's Activities ===


Following his departure from McDonald's, Easterbrook has maintained a lower public profile. Reports indicated that he made an investment in [[Project Pollo]], a plant-based fast-food chain based in Texas.<ref name="qsr-pollo">{{cite web |title=Former McDonald's CEO Steve Easterbrook Invests in Project Pollo |url=https://www.qsrmagazine.com/fast-casual/former-mcdonalds-ceo-steve-easterbrook-invests-project-pollo |publisher=QSR Magazine |access-date=2026-02-24}}</ref>
Following his departure from McDonald's and the resolution of the lawsuit, Easterbrook has maintained a lower public profile. He was reported to have made an investment in [[Project Pollo]], a plant-based fast-food concept, according to ''QSR Magazine''.<ref name="qsr">{{cite web |title=Former McDonald's CEO Steve Easterbrook Invests in Project Pollo |url=https://www.qsrmagazine.com/fast-casual/former-mcdonalds-ceo-steve-easterbrook-invests-project-pollo |publisher=QSR Magazine |access-date=2026-02-24}}</ref>


== Personal Life ==
== Personal Life ==


Steve Easterbrook has three children.<ref name="britannica" /> He relocated from the United Kingdom to the United States when he assumed the role of CEO of McDonald's, which is headquartered in [[Chicago]], Illinois. Easterbrook has generally maintained a degree of privacy regarding his personal life outside of his professional activities. The public details of his personal life are primarily those that emerged in connection with his dismissal from McDonald's and the subsequent legal proceedings, which revealed that he had violated company anti-fraternisation policies through relationships with employees.<ref name="nyt-fired" /><ref name="nyt-lawsuit" />
Easterbrook has three children.<ref name="britannica" /> He relocated from the United Kingdom to the United States during his tenure as McDonald's CEO, as the company's global headquarters is located in Chicago, Illinois. Prior to his appointment as CEO, he had spent periods living in both the United Kingdom and the United States during his various roles within the McDonald's system.<ref name="telegraph" />
 
Easterbrook's personal life became a matter of significant public interest following his dismissal from McDonald's in November 2019. The circumstances of his termination, involving a consensual relationship with an employee that violated company policy, were extensively covered by media outlets around the world. The subsequent lawsuit, which revealed additional relationships and allegations of concealment, further heightened public attention on his personal conduct.<ref name="nyt-lawsuit" /><ref name="bbc-fired" />
 
He has not maintained a significant public presence since the resolution of the McDonald's lawsuit and the SEC charges.


== Recognition ==
== Recognition ==


During his tenure as CEO of McDonald's, Easterbrook was recognised in the business community for the financial turnaround he oversaw at the company. The significant increase in McDonald's share price and the company's improved same-store sales performance under his leadership were noted by financial analysts and the business press. His appointment was itself a notable event, as he became one of the few British executives to lead a major American corporation of McDonald's stature.<ref name="telegraph" />
During his tenure as CEO of McDonald's, Easterbrook received recognition for the company's improved financial performance and the success of its turnaround strategy. Under his leadership, McDonald's share price rose substantially, and the company's comparable sales returned to growth after a period of decline, which was noted by financial analysts and business media.<ref name="guardian-new-ceo" /><ref name="drum" />


However, the recognition associated with Easterbrook's career has been substantially complicated by the circumstances of his departure and the legal proceedings that followed. The $105 million clawback settlement with McDonald's was described by ''The New York Times'' as one of the largest such recoveries in corporate history, drawing attention to issues of executive accountability and corporate governance.<ref name="nyt-settlement" /> The SEC charges further underscored the legal and regulatory consequences of his actions, making his case a prominent example in discussions about corporate ethics, executive conduct, and the enforcement of workplace policies at the highest levels of business.<ref name="sec-charges" /><ref name="nyt-sec" />
However, Easterbrook's reputation was significantly affected by the circumstances of his dismissal and the subsequent legal proceedings. The $105 million clawback settlement became a notable case study in corporate governance, executive accountability, and the enforcement of company policies regarding workplace relationships. The SEC charges further underscored the regulatory and legal consequences of the situation.<ref name="nyt-settlement" /><ref name="forbes-sec" />


== Legacy ==
== Legacy ==


Steve Easterbrook's legacy is characterised by a duality. On one hand, his strategic leadership of McDonald's from 2015 to 2019 is credited with reversing a period of declining performance at the world's largest fast-food chain. His emphasis on technology, digital ordering, delivery, restaurant modernisation, and menu innovation helped reposition McDonald's in a competitive market and delivered strong returns for shareholders. The acquisition of Dynamic Yield and the rollout of self-service kiosks and mobile ordering represented a shift in the company's operational approach that continued after his departure under his successor, Chris Kempczinski.<ref name="britannica" />
Easterbrook's legacy at McDonald's is characterised by both the operational and strategic accomplishments of his tenure and the controversy surrounding his departure. On the business side, many of the initiatives he implemented or accelerated — including the emphasis on digital ordering, delivery partnerships, restaurant modernisation, and refranchising — continued under his successor, Chris Kempczinski, and became foundational elements of McDonald's strategy in the years following his departure.<ref name="britannica" />


On the other hand, Easterbrook's dismissal for violating company policy, the subsequent revelation of additional misconduct, the landmark $105 million clawback settlement, and the SEC charges have made his case one of the most prominent examples of executive accountability in modern corporate history. The case has been cited in discussions about corporate governance, the enforcement of anti-fraternisation policies, the obligations of executives to be truthful during internal investigations, and the mechanisms available to companies to recover compensation from executives who engage in misconduct.<ref name="nyt-settlement" /><ref name="nyt-lawsuit" /><ref name="sec-charges" />
The introduction of personalisation technology through the acquisition of Dynamic Yield represented a significant shift in how McDonald's approached the customer experience, particularly at drive-through locations. The company's investment in mobile ordering and delivery platforms during Easterbrook's tenure positioned McDonald's to adapt more readily during the [[COVID-19 pandemic]], when digital and contactless ordering became essential for fast food businesses.<ref name="britannica" />


The McDonald's board's decision to pursue legal action against a former CEO, and the scale of the financial recovery achieved through the settlement, set a precedent that has been closely studied in corporate governance circles. The SEC's involvement further elevated the case, establishing that misleading disclosures related to an executive's departure could carry regulatory consequences beyond the immediate employment context.<ref name="nyt-sec" />
At the same time, Easterbrook's termination and the subsequent lawsuit and SEC action became a prominent example in discussions of corporate governance, executive conduct, and the enforcement of workplace policies at the highest levels of major corporations. The $105 million settlement was cited as a landmark in the trend toward stricter clawback provisions for executive compensation, and the case influenced corporate board discussions about accountability and transparency.<ref name="nyt-settlement" /><ref name="mcdonalds-settlement" />


Easterbrook's career trajectory—from accountant in Britain to CEO of one of the world's most iconic corporations, and then to a highly publicised dismissal and legal reckoning—has made him a figure frequently referenced in business journalism and corporate governance literature.
The Easterbrook case also contributed to broader public discourse about workplace relationships and the application of anti-fraternisation policies to senior executives. The McDonald's board's decision to terminate a CEO whose strategic leadership was delivering strong financial results illustrated the increasing weight placed on adherence to company values and policies, independent of business performance.<ref name="wsj-fired" /><ref name="nyt-fired" />


== References ==
== References ==
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Latest revision as of 06:11, 24 February 2026


Steve Easterbrook
BornStephen James Easterbrook
6 8, 1967
BirthplaceWatford, England, United Kingdom
NationalityBritish
OccupationBusiness executive
TitleFormer President and CEO, McDonald's Corporation
Known forCEO of McDonald's (2015–2019)
EducationSt Chad's College, Durham (BSc)
Children3

Stephen James Easterbrook (born 6 August 1967) is a British business executive who served as president and chief executive officer of McDonald's Corporation, the world's largest fast food chain, from March 2015 to November 2019. Born and raised in Watford, England, Easterbrook built his career within the McDonald's system over more than two decades, rising through leadership positions in the United Kingdom and across Europe before being appointed to the company's top global role. During his tenure as CEO, he oversaw a significant strategic turnaround plan that included store modernisation, menu simplification, the introduction of all-day breakfast in the United States, and investments in digital technology and delivery services. McDonald's share price rose substantially under his leadership, and the company's financial performance improved after a period of declining sales.[1] His tenure came to an abrupt end on 3 November 2019, when the McDonald's board of directors terminated him for engaging in a consensual relationship with an employee, a violation of the company's anti-fraternisation policies.[2] The aftermath of his dismissal led to a protracted legal dispute between Easterbrook and McDonald's that culminated in a settlement in which he returned equity awards and cash valued at over $105 million, one of the largest corporate clawbacks in history.[3]

Early Life

Stephen James Easterbrook was born on 6 August 1967 in Watford, a town in Hertfordshire, England, northwest of London.[4] He grew up in the Watford area and attended Watford Grammar School for Boys, a selective state grammar school with a history dating to the early 18th century.[5]

Details of Easterbrook's early family life have not been extensively documented in public sources. What is known is that he pursued higher education at Durham University in northeast England, where he studied at St Chad's College, one of the university's recognised colleges. He graduated with a Bachelor of Science degree.[4]

Education

Easterbrook studied natural sciences at St Chad's College, part of Durham University, and completed a Bachelor of Science (BSc) degree.[4] He later entered the field of accounting and became a qualified accountant, which provided him with a financial and analytical foundation that would underpin his career in business management.[5] His training in accountancy was a notable aspect of his professional background, distinguishing him from many fast food industry executives who came up through operations or marketing.

Career

Early Career and Rise at McDonald's UK

Easterbrook began his career in accountancy before joining McDonald's in 1993 as a manager in the company's United Kingdom operations.[4] Over the following years, he progressed through a series of management positions within McDonald's UK division. His early career at the company involved gaining experience across multiple operational areas of the business.[5]

By the mid-2000s, Easterbrook had risen to become the head of McDonald's operations in the United Kingdom. In this role, he was responsible for overseeing the chain's extensive network of restaurants across Britain. During his time leading McDonald's UK, the company undertook significant efforts to refresh its brand image in the country, including restaurant refurbishments, menu changes, and sustainability initiatives. A 2009 profile in The Independent highlighted his role in driving growth at McDonald's UK operations.[5]

McDonald's European and Global Roles

Easterbrook's success in the United Kingdom led to broader responsibilities within McDonald's corporate structure. He was appointed to senior roles overseeing McDonald's operations across Europe, giving him experience managing the chain's business in multiple national markets with varying consumer preferences and regulatory environments.[1]

During this period, Easterbrook also briefly left McDonald's. He served as the CEO of PizzaExpress, the British restaurant chain, and later became CEO of Wagamama, the Asian-food restaurant group.[6] These positions gave him experience running restaurant businesses outside the McDonald's system, but he ultimately returned to McDonald's, where he was appointed chief brand officer, a global role responsible for the company's marketing and brand strategy.[7]

Appointment as CEO

On 28 January 2015, McDonald's announced that Easterbrook would succeed Don Thompson as president and chief executive officer, effective 1 March 2015.[8] Thompson's departure came amid a difficult period for McDonald's, which had experienced declining same-store sales and growing competition from both fast-casual chains and other quick-service rivals. The company reported that global comparable sales had fallen, and its U.S. business had been particularly challenged.[9]

Easterbrook's appointment was viewed by industry observers as a signal that McDonald's intended to focus on brand revitalisation. His background as the company's global chief brand officer made him a somewhat unconventional choice compared to predecessors who had primarily come from operations backgrounds. The Drum described the appointment as McDonald's decision to install a "marketer CEO" who could bring the brand "back to customers."[10]

The selection of a British executive to lead the quintessentially American corporation attracted attention in both the British and American media. The Daily Telegraph and The Guardian both noted the significance of a UK-born leader being chosen for one of the most prominent CEO roles in global business.[6][1]

Turnaround Strategy

Upon taking office, Easterbrook moved quickly to articulate a turnaround strategy for McDonald's. He publicly acknowledged that the company's performance had been unsatisfactory and outlined plans to restructure the business and reinvigorate the brand. Key elements of his strategy included simplifying the menu, which had grown unwieldy over the years; improving the quality of food ingredients; and accelerating the pace of restaurant modernisation, including the introduction of self-order kiosks and table service in many locations.[1]

One of the most prominent initiatives during Easterbrook's tenure was the rollout of all-day breakfast in the United States, which proved popular with consumers and contributed to an improvement in same-store sales. The company also invested in digital capabilities, including the development of a mobile ordering application and partnerships with third-party delivery services such as Uber Eats.[4]

Easterbrook oversaw a significant restructuring of McDonald's corporate operations, including the refranchising of many company-owned restaurants. This strategy shifted more restaurants from corporate ownership to franchisee ownership, reducing the company's direct operational costs while increasing franchise fee income. He also implemented cost-cutting measures at the corporate level.[9]

Under Easterbrook's leadership, McDonald's financial performance improved markedly. The company's share price increased significantly during his tenure, and comparable sales growth returned to positive territory after a prolonged slump. His compensation reflected the company's improved results; McDonald's disclosed his total pay packages in annual proxy filings.[11]

Easterbrook also pursued acquisitions in the technology sector to support McDonald's digital transformation. The company acquired Dynamic Yield, an Israeli-based personalisation technology company, in a deal that represented one of McDonald's largest acquisitions in decades. This technology was intended to enable personalised menu displays at drive-through lanes based on factors such as time of day, weather, and current restaurant traffic.[4]

Termination as CEO

On 3 November 2019, McDonald's announced that its board of directors had voted to terminate Easterbrook as president and CEO, effective immediately. The company disclosed that Easterbrook had been dismissed for engaging in a consensual relationship with a McDonald's employee, which violated the company's policy prohibiting managers from having romantic or sexual relationships with direct or indirect reports.[2]

In a message to employees, Easterbrook acknowledged the relationship and said it was "a mistake." He wrote: "Given the values of the company, I agree with the board that it is time for me to move on."[12] The Wall Street Journal reported that the board's decision was based on the conclusion that the relationship, even though consensual, demonstrated poor judgment inconsistent with McDonald's expectations for its chief executive.[13]

Chris Kempczinski, who had served as head of McDonald's USA division, was named as Easterbrook's successor.[2] CNN reported that the board's decision came after Easterbrook himself brought the relationship to the board's attention.[14]

Under the terms of his departure, Easterbrook was initially treated as having been terminated "without cause," which entitled him to a severance package that included six months of base salary and the continuation of certain equity awards that had vested during his tenure.[2]

Lawsuit and Settlement

In August 2020, McDonald's filed a lawsuit against Easterbrook, accusing him of lying and concealing evidence during the board's initial investigation into his conduct in 2019. The New York Times reported that the company alleged Easterbrook had engaged in sexual relationships with three additional McDonald's employees in the year prior to his termination and had concealed these relationships from investigators. The lawsuit further alleged that Easterbrook had approved a special stock grant worth hundreds of thousands of dollars to one of the employees with whom he had a relationship.[15]

McDonald's contended that had the board known about the full extent of Easterbrook's conduct at the time of his dismissal, he would have been terminated "for cause" rather than "without cause," which would have denied him the severance benefits and equity awards he received upon departure. The company sought to recover those benefits through the lawsuit and to claw back stock options and other compensation.[15]

In December 2021, the lawsuit was resolved through a settlement. Under the terms of the agreement, Easterbrook returned equity awards and cash with a total value exceeding $105 million to McDonald's. The New York Times described the settlement as one of the largest clawback recoveries from a former executive in corporate history.[3] McDonald's issued a statement confirming that its board had approved the settlement, describing it as a successful resolution of the matter.[16]

SEC Charges

In January 2023, the U.S. Securities and Exchange Commission (SEC) charged Easterbrook in connection with his conduct surrounding his departure from McDonald's. According to Forbes and The New York Times, the SEC alleged that Easterbrook had misled McDonald's and its investors about the extent of his workplace misconduct in the period leading up to and following his dismissal.[17][18] The SEC's action highlighted the regulatory implications of executive misconduct and disclosure obligations in publicly traded companies.

Post-McDonald's Activities

Following his departure from McDonald's and the resolution of the lawsuit, Easterbrook has maintained a lower public profile. He was reported to have made an investment in Project Pollo, a plant-based fast-food concept, according to QSR Magazine.[19]

Personal Life

Easterbrook has three children.[4] He relocated from the United Kingdom to the United States during his tenure as McDonald's CEO, as the company's global headquarters is located in Chicago, Illinois. Prior to his appointment as CEO, he had spent periods living in both the United Kingdom and the United States during his various roles within the McDonald's system.[6]

Easterbrook's personal life became a matter of significant public interest following his dismissal from McDonald's in November 2019. The circumstances of his termination, involving a consensual relationship with an employee that violated company policy, were extensively covered by media outlets around the world. The subsequent lawsuit, which revealed additional relationships and allegations of concealment, further heightened public attention on his personal conduct.[15][12]

He has not maintained a significant public presence since the resolution of the McDonald's lawsuit and the SEC charges.

Recognition

During his tenure as CEO of McDonald's, Easterbrook received recognition for the company's improved financial performance and the success of its turnaround strategy. Under his leadership, McDonald's share price rose substantially, and the company's comparable sales returned to growth after a period of decline, which was noted by financial analysts and business media.[1][10]

However, Easterbrook's reputation was significantly affected by the circumstances of his dismissal and the subsequent legal proceedings. The $105 million clawback settlement became a notable case study in corporate governance, executive accountability, and the enforcement of company policies regarding workplace relationships. The SEC charges further underscored the regulatory and legal consequences of the situation.[3][17]

Legacy

Easterbrook's legacy at McDonald's is characterised by both the operational and strategic accomplishments of his tenure and the controversy surrounding his departure. On the business side, many of the initiatives he implemented or accelerated — including the emphasis on digital ordering, delivery partnerships, restaurant modernisation, and refranchising — continued under his successor, Chris Kempczinski, and became foundational elements of McDonald's strategy in the years following his departure.[4]

The introduction of personalisation technology through the acquisition of Dynamic Yield represented a significant shift in how McDonald's approached the customer experience, particularly at drive-through locations. The company's investment in mobile ordering and delivery platforms during Easterbrook's tenure positioned McDonald's to adapt more readily during the COVID-19 pandemic, when digital and contactless ordering became essential for fast food businesses.[4]

At the same time, Easterbrook's termination and the subsequent lawsuit and SEC action became a prominent example in discussions of corporate governance, executive conduct, and the enforcement of workplace policies at the highest levels of major corporations. The $105 million settlement was cited as a landmark in the trend toward stricter clawback provisions for executive compensation, and the case influenced corporate board discussions about accountability and transparency.[3][16]

The Easterbrook case also contributed to broader public discourse about workplace relationships and the application of anti-fraternisation policies to senior executives. The McDonald's board's decision to terminate a CEO whose strategic leadership was delivering strong financial results illustrated the increasing weight placed on adherence to company values and policies, independent of business performance.[13][2]

References

  1. ↑ 1.0 1.1 1.2 1.3 1.4 "McDonald's new chief executive Steve Easterbrook".The Guardian.2015-01-29.https://www.theguardian.com/business/2015/jan/29/mcdonalds-new-chief-executive-steve-easterbrook.Retrieved 2026-02-24.
  2. ↑ 2.0 2.1 2.2 2.3 2.4 FriedmanVanessaVanessa"McDonald's Fires C.E.O. Steve Easterbrook After Relationship With Employee".The New York Times.2019-11-03.https://www.nytimes.com/2019/11/03/business/mcdonalds-ceo-fired-steve-easterbrook.html.Retrieved 2026-02-24.
  3. ↑ 3.0 3.1 3.2 3.3 "Steve Easterbrook, Former McDonald's C.E.O., Repays Company $105 Million".The New York Times.2021-12-16.https://www.nytimes.com/2021/12/16/business/mcdonalds-steve-easterbrook.html.Retrieved 2026-02-24.
  4. ↑ 4.0 4.1 4.2 4.3 4.4 4.5 4.6 4.7 4.8 "Steve Easterbrook".Encyclopædia Britannica.https://www.britannica.com/biography/Steve-Easterbrook.Retrieved 2026-02-24.
  5. ↑ 5.0 5.1 5.2 5.3 "Steve Easterbrook: An appetite for more growth at McDonald's UK".The Independent.https://www.independent.co.uk/news/people/profiles/steve-easterbrook-an-appetite-for-more-growth-at-mcdonalds-uk-1996098.html.Retrieved 2026-02-24.
  6. ↑ 6.0 6.1 6.2 "McDonald's names UK-born Steve Easterbrook as new chief executive".The Daily Telegraph.2015-01-29.https://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/11375911/McDonalds-names-UK-born-Steve-Easterbrook-as-new-chief-executive.html.Retrieved 2026-02-24.
  7. ↑ "McDonald's names Steve Easterbrook as new chief executive".BBC News.2015-01-28.https://www.bbc.co.uk/news/business-31034874.Retrieved 2026-02-24.
  8. ↑ "McDonald's Names Steve Easterbrook CEO as Thompson Steps Down".Bloomberg News.2015-01-28.https://www.bloomberg.com/news/articles/2015-01-28/mcdonald-s-names-steve-easterbrook-ceo-as-thompson-steps-down.Retrieved 2026-02-24.
  9. ↑ 9.0 9.1 "McDonald's sacks CEO Don Thompson; Steve Easterbrook takes over".The Guardian.2015-01-29.https://www.theguardian.com/business/2015/jan/29/mcdonalds-sacks-ceo-don-thompson-steve-easterbrook.Retrieved 2026-02-24.
  10. ↑ 10.0 10.1 "McDonald's marketer CEO Steve Easterbrook to bring brand back to customers".The Drum.2015-11-19.http://www.thedrum.com/news/mcdonald-s-marketer-ceo-steve-easterbrook-bring-brand-back-customers.Retrieved 2026-02-24.
  11. ↑ "McDonald's executive pay".Chicago Tribune.2017-04-13.http://www.chicagotribune.com/business/ct-mcdonalds-executive-pay-0414-biz-20170413-story.html.Retrieved 2026-02-24.
  12. ↑ 12.0 12.1 "McDonald's boss Steve Easterbrook fired after dating employee".BBC News.2019-11-04.https://www.bbc.com/news/business-50283720.Retrieved 2026-02-24.
  13. ↑ 13.0 13.1 "McDonald's Fires CEO Steve Easterbrook Over Relationship With Employee".The Wall Street Journal.2019-11-03.https://www.wsj.com/articles/mcdonalds-fires-ceo-steve-easterbrook-over-relationship-with-employee-11572816660.Retrieved 2026-02-24.
  14. ↑ "McDonald's CEO Steve Easterbrook is out for 'consensual relationship with an employee'".CNN.2019-11-04.https://edition.cnn.com/2019/11/03/business/mcdonalds-ceo-steve-easterbrook-steps-down.Retrieved 2026-02-24.
  15. ↑ 15.0 15.1 15.2 "McDonald's Sues Former C.E.O., Accusing Him of Lying and Fraud".The New York Times.2020-08-10.https://www.nytimes.com/2020/08/10/business/mcdonalds-ceo-steve-easterbrook.html.Retrieved 2026-02-24.
  16. ↑ 16.0 16.1 "McDonald's successfully resolves lawsuit against Steve Easterbrook; former CEO returns equity awards and cash with a value of over $105 million to the Company".McDonald's Corporation.2023-01-09.https://corporate.mcdonalds.com/corpmcd/our-stories/article/resolve-lawsuit.html.Retrieved 2026-02-24.
  17. ↑ 17.0 17.1 SaulDerekDerek"SEC Charges Former McDonald's CEO Easterbrook For Lying About Extent Of Workplace Misconduct".Forbes.2023-01-09.https://www.forbes.com/sites/dereksaul/2023/01/09/sec-charges-former-mcdonalds-ceo-easterbrook-for-lying-about-extent-of-workplace-misconduct/.Retrieved 2026-02-24.
  18. ↑ "McDonald's CEO and the SEC".The New York Times.2023-01-10.https://www.nytimes.com/2023/01/10/business/dealbook/mcdonalds-ceo-sec-firing.html.Retrieved 2026-02-24.
  19. ↑ "Former McDonald's CEO Steve Easterbrook Invests in Project Pollo".QSR Magazine.https://www.qsrmagazine.com/fast-casual/former-mcdonalds-ceo-steve-easterbrook-invests-project-pollo.Retrieved 2026-02-24.

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