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McDonald's CEO out for violating company policy

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Posted at 3:53 PM, Nov 03, 2019
and last updated 2019-11-03 17:27:39-05

(CNN) -- Steve Easterbrook is out as McDonald's CEO and president after the board determined that he violated company policy, the company said on Sunday.

Easterbrook, who became CEO in 2015, "demonstrated poor judgment involving a recent consensual relationship with an employee," McDonald's said in a statement.

He is replaced in both roles by Chris Kempczinski, who was most recently president of McDonald's USA, effective immediately.

This is a developing story.

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