McDonald's CEO releases turnaround plan, stock dips

May 4, 2015 12:36 PM

51 0

McDonald's CEO releases turnaround plan, stock dips

(Reuters) - McDonald's Corp's (MCD.N) new chief executive on Monday laid out initial plans for luring back customers, boosting sales and transforming the world's biggest restaurant chain by revenue into a "modern, progressive burger company."

The plans include organizing McDonald's business around four new operating divisions, selling restaurants to franchisees, cutting corporate costs, improving food quality and taking layers out of its "cumbersome" management structure.

Also read: Andy Puzder’s Labor To-Do List

Read more

To category page

Loading...