By Daniel Hunter
McDonald's boss Don Thompson is stepping down in March as the fast food giant continues to struggle in the US.
Mr Thompson has been in the job for two-and-a-half years, but will be replaced by British-born Steve Easterbrook, the company's current brand chief officer.
"It's tough to say goodbye to the McFamily," said the outgoing boss.
McDonald's recently reported a 25% fall in quarterly profits compared with the same period in the previous year.
Sales in the US were down 4.1% as customers moved towards so-called "fast casual" restaurants like Chipotle and Shake Shack.
Steve Easterbrook will become the first ever non-US boss of McDonald's. He previously ran Pizza Express and Wagamama.
Join us on
Follow @freshbusiness
