McDonald's (NYSE:MCD) announced the promotion of Mike Andres as the company's new U.S. president on Aug. 22. The executive shift follows the departure of Jeff Stratton, the company's former U.S. president who retired after 41 years with the fast-food chain restaurant.
Andres will report to McDonald's president and CEO Don Thompson, according to a company statement. He will be responsible for oversight of both U.S. and Canadian markets. He joins McDonald's after his most recent tenure as CEO and chairman of Logan's Roadhouse.
"When I tapped Jeff to assume the role of McDonald's USA president nearly two years ago, I asked him to lay the foundation for future growth in the U.S. market," Thompson said. "No one has worked more tirelessly to do that for this brand than Jeff. We are deeply grateful for his years of leadership and service and wish him and his family all of the best."
Andres started working for McDonalds while acting as manager of his family-owned McDonald's in Northern California. He has a 30-year track record of reported success with the company, filling diverse leadership roles such as regional VP and senior VP positions.
Andres held a successful tenure from 2001 to 2007 as president and CEO of Boston Market while it was still a McDonald's subsidiary. He acted as president of the central division in the U.S. from 2010 to 2012, driving positive results in comparable sales, guest counts and income.
Andres is the second person to take on the U.S. president position at McDonald's in the last two years. The company has seen lengthy periods of flat or declining domestic sales, according to The Wall Street Journal.
The company's U.S presence, which accounts for more than 40 percent of McDonald's 35,000-plus global restaurants, has seen less than stellar sales in the past year, a development that has been attributed to the creation of too many menu items too quickly, slowing service as a result.
Andres' promotion will become effective on Oct. 15. Story