McDonald's names new head of U.S. unit

August 31, 2016 10:09 PM

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McDonald's names new head of U.S. unit

LOS ANGELES McDonald's Corp (MCD.N) on Wednesday said Michael Andres will retire as president of McDonald's USA at the end of the year as the fast-food chain fights to maintain the momentum of its turnaround plan amid intense competition from industry rivals and low grocery prices.

Andres, 58, took the helm of U.S. operations in October 2014, returning to McDonald's after serving as chief executive and chairman of the Logan's Roadhouse Inc [LORAH.UL] restaurant chain.

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