About Steve Easterbrook
Stephen James Easterbrook, popularly known as Steve Easterbrook is a well-reputed British business executive. He is best known as the former President and CEO of the fast-food company, McDonald's. He served as the President and CEO of McDonald's from March 2015 to November 2019. The McDonald's board of directors voted to terminate Easterbrook after the evidence of his relationship with a staff member surfaced. McDonald's filed a lawsuit against Easterbrook in August 2020 accusing him of lying, concealing evidence, and fraud.
Steve Easterbrook was born on 6 August 1967. His birth name is Stephen James Easterbrook. His birth place is in Watford in England. He belongs to British nationality and his ethnicity is white. Other information about his parents, siblings, and early life are not available. He grew up in Watford. Regarding his educational background, He attended the Watford Grammar School for Boys. Following high school graduation, he attended St. Chad's College, Durham University, where is studied natural sciences. He played cricket at college with future England cricket captain Nasser Hussain, who was his fellow student there.
Steve Easterbrook stands at a height of 5 feet 11 inches tall. he has a body weight of 79 Kg. He has an average body build. Similarly, he has a pair of hazel eyes and his hair color is black. His sexual orientation is straight.
Source: @latimes
Steve Easterbrook McDonald's CEO
- Following his university education, Steve Easterbrook trained as an accountant with Price Waterhouse.
- Easterbrook first worked for McDonald's as a manager in London in 1993.
- He left McDonald's in 2011 to become CEO of Pizza Express and then Asian food chain Wagamama.
- In 2013, he returned to McDonald’s.
- He became the chief brand officer of McDonald's and its former head in the UK and northern Europe.
- Easterbrook moved up the ranks to become the head of the company. He became the CEO of McDonald's in March 2015. He succeeded Don Thompson to become the CEO of McDonald's.
- Steve's total compensation for 2016 almost doubled to $15.4 million.
- In 2019, the allegations of Easterbrook's affair with an employee surfaced. The company has a corporate policy that does not allow to have a relationship with an employee.
- Following the evidence of his relationship with company employees surfaced, McDonald's board of directors voted to remove Easterbrook, affected immediately in November 2019.
- Chris Kempczinski replaced Easterbrook as the new McDonald's CEO. Kempczinski had been president of McDonald's USA.
- McDonald's filed a lawsuit against Easterbrook in August 2020. The lawsuit accused Easterbrook of lying, concealing evidence, and fraud.
- McDonald's accused Easterbrook of lying about the number and extent of his relationships with fellow employees.
- The lawsuit would allow the company to recoup its severance package of more than $40 million from Easterbrook.
- In the lawsuit, the company claimed that Easterbrook had physical relationships with three women in the year before he was fired.
- The company also claimed that he awarded stock options worth hundreds of thousands of dollars to one of the women he had a physical relationship with.
- He 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).
Why was Steve Easterbrook fired from McDonald's?
Easterbrook stepped down as McDonald's CEO in November 2019 after admitting to a consensual relationship with an employee, which is against company policy. He was fired from his post after the McDonald's board of directors voted to dismiss him. Following his dismissal from the company, he wrote in an email to employees. He wrote, "This was a mistake...Given the values of the company, I agree with the board that it is time for me to move on."
Source: @dailymail
Is Steve Easterbrook married?
Steve Esterbrook is a divorced man. He was previously married to Susie Jennings. Detail information about their wedding is not available. The couple shares 3 children together. Information about when they separated and got divorced is also not available. He resides in Illinois. He is a Watford FC fan.
How much is Steve Easterbrook worth?
Steve Easterbrook was one of the highest-paid CEOs in the world. He served as the President and CEO of McDonald's from 2015 to November 2019. He was fired from his position after he violated company policy of not having a relationship with company employees. As the CEO of McDonald's, he reportedly had an annual salary of around $21.7 million. As per online sites, his net worth is estimated at around $43 million.
