Walmart hires McDonald's Corporation's CEO to board
It has appointed Steve Easterbrook to its board in a bid to bring on an adviser with an experience abroad.
Easterbrook, a 50-year-old British native, will replace Instagram founder Kevin Systrom, who is departing after four years to prioritise work and other outside commitments. James Cash, Walmart’s lead independent director, is also retiring from the board after a 12-year tenure. Existing director Thomas Horton, the former head of American Airlines Group Inc., will assume Cash’s role.
Easterbrook started as an accountant but has spent most of his career in the restaurant industry. He joined the restaurant chain in 1993 and worked his way up from a financial reporting manager to run its European operations. He left McDonald’s in 2011 to run U.K. chains Pizza Express and Wagamama, then returned to the fast-food giant in 2013, becoming CEO two years later.
