December 31, CEO retires McDonald's Ralph Alvarez, who has been with the company since 1994. The resignation is due to serious health problems.
Alvarez, one of the company's most respected top executives, was seen by many as the most likely successor to current CEO Jim Skinner.
There is little doubt about the natural reasons for the resignation - 55-year-old Alvarez underwent seven orthopedic surgeries, including a total knee replacement, so his health leaves much to be desired.
However, some people are confused. “We are all very surprised,” says a company analyst Edward Jones Jack Russo In his opinion, Alvarez was a very attractive figure for investors.
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| Rafl Alvarez is one of the most successful expatriates according to BusinessWeek |
Analysts point out that McDonald's the sad experience of leaving the scene of top managers. In 2004, CEO Jim Cantapulo died unexpectedly of a heart attack. His successor, Charlie Bell, was diagnosed with bowel cancer two weeks later.
According to analysts, it is possible that Alvarez's departure will open the door for one of the directors of the company's foreign subsidiaries. Are called president McDonald's Europe Denis Hennequin, and Tim Fenton, President, Asia, Pacific, Middle East, and Africa.
By the end of the day the share price McDonald's after the announcement of the resignation of Alvarez has not changed.
