7am News, Sports and Obits

Latest WGIL news
Click to play or
Right click and "Save Target As" to download
Click for Galesburg, Illinois Forecast
Home - Cancellations - Community Events - Contact Us - Mornings - News - Obituaries - Pictures - Programs - Special Events Audio - Sports - Weather
McDonald's Names New COO
OAK BROOK, Ill. (AP) -- McDonald's Corp. says it has promoted the head of its U.S. operations to become the restaurant company's new president and chief operating officer.

Don Thompson will assume his new role immediately and help oversee the burger chain's 32,000 worldwide locations.

The 46-year-old replaces longtime executive Ralph Alvarez, who retired at the end of the year for health reasons. Alvarez had been thought to be a possible successor to current CEO Jim Skinner.

Thompson began working at the suburban Chicago fast food chain in 1990 and rose through the ranks. He was named president of the company's U.S division in 2006.

McDonald's shares traded slightly higher on the announcement Monday.

(Copyright 2010 by The Associated Press. All Rights Reserved.)
01 12 10 by Newsroom
News management powered by Xpression News

Click here for the WGIL News Archive

Click here for national news

The following provision applies to all visitors (which shall include persons and representatives of legal entities, whether such representatives are persons or digital engines of a kind that crawls, indexes, scrapes, copies, stores or transmits digital content). By accessing this Web site or digital service, you specifically acknowledge and agree that: (i) Associated Press text, photo, graphic, audio and/or video material shall not be published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium; (ii) No Associated Press materials nor any portion thereof may be stored in a computer except for personal and non-commercial use; (iii) The Associated Press will not be held liable for any delays, inaccuracies, errors or omissions therefrom or in the transmission or delivery of all or any part thereof or for any damages arising from any of the foregoing; (iv) The Associated Press is an intended third party beneficiary of these terms and conditions and it may exercise all rights and remedies available to it; and (v) The Associated Press reserves the right to audit possible unauthorized commercial use of AP materials or any portion thereof at any time.