McDonald’s Corp. is conducting a search for an outsider to replace its chief strategy officer, who was let go in a recent management shuffle, according to people familiar with the matter.
This would mark the third outside hire of a top executive in recent months at a company known for promoting from within. It is another sign of Chief Executive Steve Easterbrook’s efforts to breathe fresh life into the struggling burger giant.
The new strategy chief would replace Adam Kriger, who led McDonald’s MCD, -0.86% strategy for 14 years. Kriger apparently was among a number of employees whose jobs were recently eliminated, said Peter Crist, chairman of Crist/Kolder Associates, an executive-search firm in Downers Grove, Ill.Read the Full Article