McDonald's names Mike Andreas its second US president in two years

|
McDonald's/AP/File
This combination made with undated photos provided by McDonald's shows Mike Andres, the company's newly named president for its flagship US division, left, and current president Jeff Stratton. The world's biggest hamburger chain on Friday, Aug. 22, 2014 said Andres will replace Stratton, who is retiring effective Oct. 15.

McDonald’s Corp. today announced that McDonald’s USA President Jeff Stratton will retire effective Oct. 15, 2014, and be replaced by Mike Andres.

The change comes not even two years after Stratton assumed the post in November 2012, displacing longtime executive Jan Fields. Since then, McDonald’s has posted a series of disappointing quarterly reports, including Q2 for the current fiscal year. The company said same-store sales for July were down 3.2%, the worst in years.

“When I tapped Jeff to assume the role of McDonald’s USA president nearly two years ago, I asked him to lay the foundation for future growth in the U.S. market,” said McDonald’s President-CEO Don Thompson. “No one has worked more tirelessly to do that for this brand than Jeff. We are deeply grateful for his years of leadership and service, and wish him and his family all of the best.”

Andres, who most recently served as chairman and CEO of the Logan’s Roadhouse chain, also will oversee the Canadian market in his new role at McDonald’s Corp.

Andres began his McDonald’s career as manager for his family-owned McDonald’s in Northern California. He spent 30 years with company, beginning in marketing and then operations and development before becoming regional VP and SVP. Andres was president and CEO of Boston Market from 2001 to 2007, while it was a McDonald’s subsidiary. From 2010 to 2012, Andres served as president of McDonald’s Central Division in the U.S.

You've read 3 of 3 free articles. Subscribe to continue.
Real news can be honest, hopeful, credible, constructive.
What is the Monitor difference? Tackling the tough headlines – with humanity. Listening to sources – with respect. Seeing the story that others are missing by reporting what so often gets overlooked: the values that connect us. That’s Monitor reporting – news that changes how you see the world.
QR Code to McDonald's names Mike Andreas its second US president in two years
Read this article in
https://www.csmonitor.com/Business/The-Bite/2014/0822/McDonald-s-names-Mike-Andreas-its-second-US-president-in-two-years
QR Code to Subscription page
Start your subscription today
https://www.csmonitor.com/subscribe
CSM logo

Why is Christian Science in our name?

Our name is about honesty. The Monitor is owned by The Christian Science Church, and we’ve always been transparent about that.

The Church publishes the Monitor because it sees good journalism as vital to progress in the world. Since 1908, we’ve aimed “to injure no man, but to bless all mankind,” as our founder, Mary Baker Eddy, put it.

Here, you’ll find award-winning journalism not driven by commercial influences – a news organization that takes seriously its mission to uplift the world by seeking solutions and finding reasons for credible hope.

Explore values journalism About us