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View the profiles of professionals named "Steve Easterbrook" on LinkedIn. Based on what the company knew at the time, McDonald’s board approved a separation agreement “without cause” that allowed Easterbrook to keep nearly $42 million in stock-based benefits, according to Equilar, which tracks executive compensation. McDonald’s alleged on August 10, 2020 th… "The Sun", "Sun", "Sun Online" are registered trademarks or trade names of News Group Newspapers Limited. Easterbrook also collected the 26 weeks of pay. Fast-food giant McDonald’s is suing ousted CEO Steve Easterbrook, who was fired last year for having a consensual relationship with an employee. This service is provided on News Group Newspapers' Limited's Standard Terms and Conditions in accordance with our Privacy & Cookie Policy. Our journalists strive for accuracy but on occasion we make mistakes. In 2018 he received $15.9million in total compensation. Easterbrook is recently divorced and has three children.

From March 2015 to November 2019, he was president and chief executive of McDonald's, the American fast food company. Easterbrook attended Watford Grammar School for Boys before studying natural sciences at Durham University.

Despite his premature departure, Easterbrook is eligible for six months of severance, according to an agreement filed after he was fired. [9] For 2016, Easterbrook's total compensation almost doubled to $15.4 million. Steve has 1 job listed on their profile. Within months he had brought about a number of changes to the sagging brand, including switching the restaurant to cage-free eggs, antibiotic-free chicken and hormone-free milk. When Easterbrook became CEO at McDonald’s in March 2015, the board determined that the relationship with Paleothodoros didn’t violate company policy. His net worth was estimated at around $40million. There are 10+ professionals named "Steve Easterbrook", who use LinkedIn to exchange information, ideas, and opportunities. View Steve Easterbrook’s profile on LinkedIn, the world's largest professional community. To see all content on The Sun, please use the Site Map. [5] He studied natural sciences at St Chad's College, Durham University, where he played cricket with fellow student Nasser Hussain, who would later become England cricket captain. [10] He was replaced as CEO by Chris Kempczinski, who had been president of McDonald's USA. 679215 Registered office: 1 London Bridge Street, London, SE1 9GF. News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services.

Easterbrook's pay as CEO rose with McDonald’s share price. [11], In August 2020, McDonald's filed suit against Easterbrook, accusing him of lying about the number and extent of his relationships with subordinate employees and seeking to recover his severance package of more than $40 million. Steve has 8 jobs listed on their profile. The company claimed that Easterbrook had sexual relationships with three women in the year before he was fired and awarded one of these employees stock options worth hundreds of thousands of dollars. McDonald’s says in the lawsuit that in July it became aware of sexual relationships between Easterbrook and three other employees prior to his termination. View Steve Easterbrook’s profile on LinkedIn, the world's largest professional community. In 2011 he left to become CEO of PizzaExpress and then CEO of Wagamama, two British casual dining chains, before returning to McDonald’s in 2013. The board of directors named Chris Kempczinski, who recently served as president of McDonald's USA, as its new president and CEO. [2][3][4][5] He grew up in Watford[6][7] and was educated at Watford Grammar School for Boys.

He lives in Illinois. Comments are subject to our community guidelines, which can be viewed, Steve Easterbrook, who had worked for McDonald's since 1993, was fired over a consensual relationship with an employee, The former CEO is now being sued by the fast-food giant, McDonald’s CEO Steve Easterbrook packs McDelivery orders, Easterbrook has stepped down after evidence he had a consensual relationship with an employee, that he covered up relationships with other employees, relationship with a woman working on a PR account, Independent Press Standards Organisation (IPSO).
View Steven Brooks, MBA, CPA’S profile on LinkedIn, the world's largest professional community. See the complete profile on LinkedIn and discover Steve’s connections and jobs at similar companies. Steve has 1 job listed on their profile. On 1 November 2019, the board of directors voted to dismiss Easterbrook with immediate effect, due to evidence of a relationship with a staff member, which is a violation of company policy. The Sun website is regulated by the Independent Press Standards Organisation (IPSO). Steven has 6 jobs listed on their profile. [5] He lives in Illinois, and is a Watford FC football fan. Steven has 5 jobs listed on their profile. View Steve Easterbrook’s profile on LinkedIn, the world's largest professional community. Under his leadership the company's shares nearly doubled in value while sales at its US locations stagnated. [14], "McDonald's CEO Easterbrook sees pay package nearly double to $15.4 million", "Steve Easterbrook: An appetite for more growth at McDonald's UK", "McDonald's names UK-born Steve Easterbrook as new chief executive", "Profile: McDonald's chief executive Steve Easterbrook", "McDonald's CEO Don Thompson to Step Down", "McDonald's chief executive steps down after sales slump", "McDonald's Fires CEO Steve Easterbrook Over Relationship With Employee", "McDonald's CEO steps down after relationship with employee", "McDonald's Sues Former C.E.O., Accusing Him of Lying and Fraud", "Steve Easterbrook: The wizard from Watford shaking up McDonald's", https://en.wikipedia.org/w/index.php?title=Steve_Easterbrook&oldid=972263744, Creative Commons Attribution-ShareAlike License, This page was last edited on 11 August 2020, at 04:13. Easterbrook was also accused of using his corporate email account to receive and send sexually explicit photos and videos of various women (including the three alleged relationships). [12], He is divorced[13] with three children, who visit McDonald's two or three times a month. View Steven Easterbrook’s profile on LinkedIn, the world's largest professional community. [5] Easterbrook first worked for McDonald’s in 1993 as a manager in London. Additionally, the lawsuit alleges he sent nude or explicit pictures and videos of women, and sent them as attachments from his company email to a personal one, according to CNBC. “Given the values of the company, I agree with the board that it is time for me to move on.”. His 26-week compensation is estimated to be approximately $675,000 based on his salary last year, but will also depend on how the burger giant's stock performs. [5], After university, he trained as an accountant with Price Waterhouse. Stephen James Easterbrook (born 6 August 1967) is a British business executive. For further details of our complaints policy and to make a complaint please click here. Language; Watch; Edit; Stephen James Easterbrook (born 6 August 1967) is a British business executive. In 2017, in total he received a pay package of $21.8million, including $9.1million in incentive-based pay. “This was a mistake,” he wrote in an email to employees. Steve has 1 job listed on their profile. Steve Easterbrook. The company is now attempting to block Easterbrook from exercising his stock options and said it will seek compensatory damages. For other inquiries, Contact Us.

[1], In November 2019, McDonald's board of directors voted to remove Easterbrook as CEO since he had violated corporate policies on personal conduct by entering into a relationship with a company employee. 500 million+ members | Manage your professional identity. McDonald’s said it would not have fired Easterbrook without cause if it had known of the other relationships. From 2011 he worked as CEO of PizzaExpress and then Wagamama, before returning to the burger giant as its global chief brand officer in 2013. The lawsuit is seeking to change the reason for Easterbrook's removal to "for cause", allowing the company to recoup its severance payments. He also raised workers’ pay above minimum wage, and allowed different regions more control over the menu. [8], On 1 March 2015, after being chief brand officer of McDonald's and its former head in the UK and northern Europe, he became the CEO of the company, succeeding Don Thompson, who stepped down on 28 January 2015. Steve Easterbrook. Stephen James Easterbrook was born on 6 August 1967 in Watford, England. Build and engage with your professional network. Easterbrook stepped down as McDonald's CEO in November 2019 after admitting to a consensual relationship with an employee, which is against company policy. McDonald's alleged on August 10, 2020 that he covered up relationships with other employees and destroyed evidence. Born: Stephen James Easterbrook () 6 August 1967 (age 53) Watford, England. It emerged that several years ago, before Easterbrook became McDonald’s chief executive, he had a relationship with PR exec Denise Paleothodoros. It was revealed last year that he had a relationship with a woman working on a PR account for the burger chain. Fast-food giant McDonald's is suing ousted CEO Steve Easterbrook, who was fired last year for having a consensual relationship with an employee. He trained as an accountant with Price Waterhouse, first working with McDonald's in 1993 as a manager in London.

See the complete profile on LinkedIn and discover Steve’s connections and jobs at similar companies. Influencer, 33, who 'thought Covid didn't exist' dies after catching bug, Thousands of anti-mask protesters march on London hours after Tier 2 lockdown, Shrinking Gemma Collins shows off her three stone weight loss in cosy loungewear, Cleaning fans hail tip of using your radiator to make your house smell fresh, Missing woman, 21, who vanished in early hours returns home as search called off, ©News Group Newspapers Limited in England No. View our online Press Pack. View Steve Easterbrook’s profile on LinkedIn, the world's largest professional community. From March 2015 to November 2019, he was president and chief executive of McDonald's, the American fast food company. Access knowledge, insights and opportunities. See the complete profile on LinkedIn and discover Steve’s connections and jobs at similar companies. To inquire about a licence to reproduce material, visit our Syndication site. Easterbrook was appointed McDonald's CEO in 2015, responsible for around 14,000 McDonald's restaurants in the US. The 52-year-old British business executive was born in Watford in 1967. The company wants to reclaim hundreds of thousands of dollars in compensation paid to Easterbrook on his departure.

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