Steve Easterbrook Biography – Steve Easterbrook Wiki
Steve Easterbrook (born Stephen James Easterbrook) is a British business executive. He was president and chief executive of McDonald’s from March 2015 to November 2019.
On Sunday, November 3, 2019, McDonald’s said that it had fired Chief Executive Steve Easterbrook for violating company policy by having a consensual relationship with an employee. McDonald’s said in a statement that the board determined Easterbrook “demonstrated poor judgment” by engaging in the relationship. The company did not provide other details on the relationship.
Easterbrook wrote in an email to employees: “As for my departure, I engaged in a recent consensual relationship with an employee, which violated McDonald’s policy. This was a mistake. Given the values of the company, I agree with the board that it is time for me to move on. Beyond this, I hope you can respect my desire to maintain my privacy.” He added that his time as CEO at McDonald’s “have been the most fulfilling years of my working life.”
In August 2020, McDonald’s filed suit against Easterbrook, accusing him of lying about the number and extent of his relationships with employees, and seeking to recover his severance package of more than $40 million.
On August 10, 2020, McDonald’s said in a statement: “We recently became aware through an employee report of new information regarding the conduct of our former CEO, Steve Easterbrook. We now know that his conduct deviated from our values in different and far more extensive ways than we were aware when he left the company last year .
“While the Board made the right decision to swiftly remove him from the Company last November, this new information makes it clear that he lied and destroyed evidence regarding inappropriate personal behavior and should not have retained the contractual compensation he did upon his exit. As such, the Company, at the direction of the Board of Directors, has filed litigation to recover the compensation he retained upon his departure from McDonald’s and align his exit payout with a “for cause” termination.”
Easterbrook was with McDonald’s for 25 years. He was previously the chief brand officer of McDonald’s and its former head in the U.K. and northern Europe. He serves on the board of directors at Walmart. He is also a visiting fellow at the Oxford University Centre for Corporate Reputation.
Steve Easterbrook Age
Steve Easterbrook was born on 6 August 1967, in Watford, England.
Steve Easterbrook Wife
Steve Easterbrook was married to his wife Susie Jennings. They divorced in 2015.
Steve Easterbrook Family
Steve Easterbrook and his ex-wife have three children, Katie, Rebecca, and Lauren Easterbrook.
Steve Easterbrook Salary
Steve Easterbrook earned over $15M in annual salary. In 2017, he received $21.8 million in total compensation. His pay package included a $1.3 million salary, $5.3 million in stock awards, another $5.3 million in option awards and $9.1 million in incentive compensation, according to Restaurant Business. In 2018, he earned $15.9 million dollars from McDonald’s, according to paperwork filed with the SEC.
Steve Easterbrook Net Worth
Steve Easterbrook’s net worth is estimated to be $40million.