'Jan. 11 (Bloomberg) -- McDonald’s Corp., the world’s largest restaurant company, named Don Thompson, currently president of McDonald’s USA, as its president and chief operating officer.
Thompson, 46, joined McDonald’s in 1990. He will oversee the company’s 32,000 restaurants worldwide, Oak Brook, Illinois- based McDonald’s said today in a statement.
McDonald’s said last month operating chief Ralph Alvarez would retire at the end of 2009 for health reasons. Thompson, along with Denis Hennequin, president of McDonald’s Europe, and Timothy Fenton, head of the Asia Pacific region, were candidates to take over, Larry Miller, an analyst with RBC Capital Markets in Atlanta, said at the time.
Alvarez joined McDonald’s in 1994 and had served as COO since August 2006. He was also president of McDonald’s North American and U.S. businesses, where he was responsible for 15,000 restaurants and spearheaded the introduction of products including a $1.29 snack-size chicken wrap and an Asian salad.
McDonald’s rose 45 cents to $62.29 at 3:15 p.m. in New York Stock Exchange composite trading. The shares were little changed in 2009.'
via. businessweek.com
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