Ex-McDonald’s CEO Steve Easterbrook steps down from Walmart board
by November 5, 2019 7:30 am 1,075 views
Steve Easterbrook, who was dismissed as president and CEO of McDonald’s Corp. over the weekend, resigned as a Walmart Inc. board member on Monday (Nov. 4). The Bentonville company announced the departure in a filing with the U.S. Securities & Exchange Commission.
“Mr. Easterbrook’s decision to resign was not due to any disagreement with the Company on any matter relating to its operations, policies or practices,” the retailer said in the filing.
Walmart did not offer additional comment.
Easterbrook joined Walmart’s board in 2018 and was a part of the compensation and management development, strategic planning and finance committees. His departure drops Walmart’s board to 11 directors, led by chairman Greg Penner.
On Sunday, McDonald’s, the world’s biggest fast-food chain, dismissed Easterbrook because of a recent consensual relationship with an employee, a violation of company policy.