McDonald's Chief Restaurant Officer Doug Goare Retires

(RTTNews) - McDonald's Corp. (MCD) Monday said Doug Goare, President, International Lead Markets & Chief Restaurant Officer, will retire on December 31, 2018.

"Doug has been an important leader whose career at McDonald's has spanned multiple continents and his expertise has contributed greatly to the success of our business today," McDonald's President and CEO Steve Easterbrook said. "I have always valued his wise counsel and his passion for elevating the experience for our customers and crew. We thank Doug for his steadfast leadership and wish him all the best in his well-deserved retirement."

McDonald's also said it will operate under a new organizational structure with three global business segments-- U.S., International Operated Markets and International Developmental Licensed Markets.

Chris Kempczinski will continue to lead U.S. operations as President, McDonald's USA. International Operated Markets, comprised of wholly-owned markets, or countries in which the Company operates restaurants, including Australia, Canada, France, Germany, Italy, Netherlands, Russia, Spain and the U.K. Joe Erlinger will lead this segment as President, International Operated Markets, and will continue to report to Easterbrook.

International Developmental Licensed Markets will include the remaining markets in the McDonald's system will be led by Ian Borden as President, International Developmental Licensed Markets.