McDonald's Corp. (MCD) shares are holding steady after the recent and abrupt resignation of No. 2 executive Mike Roberts, a 29-year veteran of the company. Ralph Alvarez, is likely being groomed to someday succeed Jim Skinner, CEO, and become the eighth CEO in McDonald's history, according to this MSNBC.com article.
The company said in a regulatory filing Thursday that Roberts resigned effective Tuesday from not only the president and chief operating officer jobs but the board of directors. The company is not replacing him on the board, which now has 13 members.
Alvarez’s job as head of McDonald’s USA will be filled by Don Thompson, 43, currently executive vice president and chief operations officer of the U.S. business.
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