Summary
Embattled McDonald's has lost its second CEO in the past year after Charlie Bell resigned today to continue his battle with cancer. The previous CEO, Jim Cantalupo died of a heart attack. Jim Skinner, the former vice chairman has been elected to replace Bell.
Since being diagnosed with cancer earlier this year, Bell had missed a great deal of work. Walt Riker, a spokesman for McDonald's refused to comment on this news or more information on Mr. Bell, stating that they preferred to respect Mr. Bell's privacy. This change-up occurs at a difficult time for McDonald's corporately and it remains to be seen how this latest news will affect the company internally.
Original source:
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Details
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McDonald's has taken yet another body blow to its battered but resilient executive suite.
- Chief Executive Charlie Bell, 44, resigned to focus on his battle with cancer and was replaced by Jim Skinner, 60, who had been vice chairman.
- The board of directors also elected Mike Roberts, who had been CEO of McDonald's USA, to the post of president and chief operating officer.
- Andrew McKenna, chairman of the board of directors, issued a statement praising Bell as a "remarkable leader" and calling Skinner an "outstanding leader who will continue the strategic focus" established by Bell and the former CEO he replaced, Jim Cantalupo.
- Bell has missed a significant amount of time at work while undergoing cancer treatment.
- The executive changeovers at McDonald's have taken place as the company has undergone a virtual image and business renaissance.
- "It goes to the core of what kind of company you are," says Lynn Kettleson, vice president of RDW Group, a crisis management specialist.
- At McDonald's, success isn't measured by the notoriety of its CEO, but by the acceptance of its latest product line, notes Paul Barron, senior partner at BMG Consulting, a restaurant and retail specialist.
- "If you asked almost any consumer who the number-one executive at McDonald's was, they couldn't tell you."
- McDonald's has quietly been preparing for the changeover for weeks.
- The move is not expected to rattle Wall Street.
- Even while battling cancer, Bell remained his outgoing and humorous self.
- Skinner, who personifies stability, is more reserved but has a dry and quick wit.
- "This is like changing the quarterback in the middle of a big football game," Kettleson says.
- "Skinner's job will be to communicate assurance - and to stay the course."
About the author: Mike Adams is a natural health researcher, author and award-winning journalist with a mission to teach personal and planetary health to the public He is a prolific writer and has published thousands of articles, interviews, reports and consumer guides, and he has created several downloadable courses on survival and preparedness, including his widely-downloaded course on personal safety and self-defense. Adams is an honest, independent journalist and accepts no money or commissions on the third-party products he writes about or the companies he promotes. In mid 2010, Adams produced TV.NaturalNews.com, a natural health video sharing website offering user-generated videos on nutrition, green living, fitness and more. He also founded an environmentally-friendly online retailer called BetterLifeGoods.com that uses retail profits to help support consumer advocacy programs. He's also the CEO of a highly successful email newsletter software company that develops software used to send permission email campaigns to subscribers. Adams also serves as the executive director of the Consumer Wellness Center, a non-profit consumer protection group, and enjoys outdoor activities, nature photography, Pilates and martial arts training. He's also author a large number of health books offered by Truth Publishing and is the creator of numerous reference website including NaturalPedia.com and the free downloadable Honest Food Guide. His websites also include the free reference sites HerbReference.com and HealingFoodReference.com. Adams believes in free speech, free access to nutritional supplements and the innate healing ability of the human body. Known on the 'net as 'the Health Ranger,' Adams shares his ethics, mission statements and personal health statistics at www.HealthRanger.org
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Friday, November 26, 2004
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