McDonald's executive retiring as company seeks to evolve

AP News
Posted: Aug 02, 2016 10:54 AM

OAK BROOK, Ill. (AP) — McDonald's says Chief Administrative Officer Pete Bensen is retiring after 20 years with the company, the latest shake-up as the world's biggest burger maker seeks to transform its business.

The Oak Brook, Illinois-based company said Bensen's last day will be Sept. 2. It said it will announce additional changes resulting from Bensen's retirement soon.

McDonald's CEO Steve Easterbrook, who took over in March of last year, has said he plans to transform McDonald's into a "modern, progressive burger company" after it failed to keep pace with changing tastes. Changes so far have included reorganizing the corporate structure so it can move on decisions more quickly.

Bensen formerly served as chief financial officer. In April, McDonald's Corp. also announced the retirement of longtime board member and chair Andrew McKenna.