Crain’s Headlines: Ousted McDonald’s CEO ‘Demonstrated Poor Judgement’

McDonald’s is pushing its CEO out of the company after he violated internal company policy by engaging in a consensual relationship with an employee.

The fast-food giant says former CEO Steve Easterbrook demonstrated poor judgment, and that McDonald’s forbids managers from having romantic relationships with direct or indirect subordinates.

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In an email to employees, Easterbrook acknowledged he had a relationship with an employee and said it was a mistake. He had been CEO since 2015.

Chris Kempczinski, who recently served as president of McDonald’s U.S. operations, is the company’s new president and CEO.

In other Chicago-area business news:

A leaked internal memo shows that Cincinnati-based grocery giant Kroger is getting ready for a major brand revamp. And that could mean changes ahead for Kroger’s Chicago-area property, Mariano’s.

The memo leaked to industry publication Business Insider says Kroger’s old approaches aren’t working and the company is preparing a big announcement about a branding shakeup starting Wednesday.

Kroger operates 44 Chicago-area Mariano’s.

And finally, Woodfield Mall has decided it’s no longer going to pull an all-nighter on Black Friday.

That’s according to a new report from the Daily Herald, which notes that the Schaumburg retail center’s decision to scale back post-Thanksgiving hours is part of a growing trend in the industry. Instead, Black Friday will start an hour before sunrise this year, ending the mall’s recent run of all-night marathons to kick off the holiday season.

Crain’s Headlines is a joint production between WTTW and Crain’s Chicago Business. It airs every Monday through Thursday on the WTTW News program “Chicago Tonight.” 

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