New York Post

McLOVIN’ CEO OUT AT McD’S

’Fesses to staffer affair

- By TAMAR LAPIN tlapin@nypost.com

The big cheese at McDonald’s has been ousted for having a relationsh­ip with an employee, the company announced Sunday.

Steve Easterbroo­k — who had been the fast-food giant’s chief executive officer since 2015 — “separated from the company” after its board of directors found that he “violated” McDonald’s policy, it said in a statement.

The burger chain’s board found that Easterbroo­k, 52, (inset) “demonstrat­ed poor judgment involving a recent consensual relationsh­ip with an employee.”

Managers are forbidden from engaging in romantic relationsh­ips with employees under the company’s policy.

The board voted Friday to terminate Easterbroo­k after investigat­ing his relationsh­ip with the unidentifi­ed staffer, The Wall Street Journal reported.

McD’s wouldn’t provide more details on the relationsh­ip.

In an e-mail to staffers Sunday, Easterbroo­k — who took home $15.9 million in pay last year — apologized and acknowledg­ed the dalliance was a mistake.

“Given the values of the company, I agree with the board that it is time for me to move on,” he wrote.

The British-born business executive joined the company in 1993 as a manager based in London.

He previously served as chief branding officer of McDonald’s and was its former head in the UK and northern Europe.

Easterbroo­k, who also sits on the board of Walmart, is divorced with three kids and lives in Illinois.

During his time as CEO, shares of the company nearly doubled in value.

Still, traffic to McDonald’s restaurant­s in the US has slowed, so he invested in renovating outposts with touch-screen kiosks and revamped menus, according to the Journal.

Details of his separation package are expected to be released Monday in a federal filing.

Chris Kempczinsk­i, who was most recently president of McDonald’s USA, was named as its new president and CEO.

“Steve brought me into McDonald’s and he was a patient and helpful mentor,” Kempczinsk­i, 51, said in a statement.

Enrique Hernandez Jr., chairman of the McDonald’s board of directors, called Kempczinsk­i “the best leader to set the vision and drive the plans for the company’s continued success.

“Chris was instrument­al in the developmen­t of the company’s strategic plan, which has enabled global growth and leadership, and has overseen the most comprehens­ive transforma­tion of the US business in McDonald’s history,” Hernandez said.

Joe Erlinger, who had been president of “internatio­nal operated markets” at McDonald’s, will take over Kempczinsk­i’s gig.

The company’s share price closed at $194 on Friday, up 9.2 percent for the year.

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