McDonald's names Mike Andreas its second US president in two years
McDonald's Corp. announced Friday that Mike Andreas will replace Jeff Stratton as the restaurant's US president. Since Stratton came on board in 2012, McDonald鈥檚 has posted a series of disappointing earnings reports.
This combination made with undated photos provided by McDonald's shows Mike Andres, the company's newly named president for its flagship US division, left, and current president Jeff Stratton. The world's biggest hamburger chain on Friday, Aug. 22, 2014 said Andres will replace Stratton, who is retiring effective Oct. 15.
McDonald's/AP/File
McDonald鈥檚 Corp. today announced that McDonald鈥檚 USA President Jeff Stratton will retire effective Oct. 15, 2014, and be replaced by Mike Andres.
The change comes not even two years after Stratton assumed the post in November 2012, displacing longtime executive Jan Fields. Since then, McDonald鈥檚 has posted a series of disappointing quarterly reports, including Q2 for the current fiscal year. The company said same-store sales for July were down 3.2%, the worst in years.
鈥淲hen I tapped Jeff to assume the role of McDonald鈥檚 USA president nearly two years ago, I asked him to lay the foundation for future growth in the U.S. market,鈥� said McDonald鈥檚 President-CEO Don Thompson. 鈥淣o one has worked more tirelessly to do that for this brand than Jeff.聽We are deeply grateful for his years of leadership and service, and wish him and his family all of the best.鈥�
Andres, who most recently served as chairman and CEO of the Logan鈥檚 Roadhouse chain, also will oversee the Canadian market in his new role at McDonald鈥檚 Corp.
Andres began his McDonald鈥檚 career as manager for his family-owned McDonald鈥檚 in Northern California. He spent 30 years with company, beginning in marketing and then operations and development before becoming regional VP and SVP. Andres was president and CEO of Boston Market from 2001 to 2007, while it was a McDonald鈥檚 subsidiary. From 2010 to 2012, Andres served as president of McDonald鈥檚 Central Division in the U.S.