Former McDonald’s CEO Steve Easterbrook steps down from Walmart board

06/11/2019

Steve Easterbrook, former chief executive officer of McDonald’s Corp who was dismissed over the weekend, has resigned from Walmart Inc’s board, the retailer said on Tuesday.

On Sunday, McDonald’s, the world’s biggest fast-food chain, said it had dismissed Easterbrook over a recent consensual relationship with an employee, which the board determined

“Easterbrook’s decision to resign was not due to any disagreement with the company on any matter relating to its operations, policies or practices,” Walmart said in a regulatory filing.

Easterbrook joined Walmart’s board in 2018 and was a part of the compensation and management development, strategic planning and finance committees.

Source:- https://retail.economictimes.indiatimes.com/news/food-entertainment/food-services/former-mcdonalds-ceo-steve-easterbrook-steps-down-from-walmart-board/71924109

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