McDonald's CEO Don Thompson to step down

McDonald's Corp, the world's largest restaurant chain, will replace CEO Don Thompson with one of his top lieutenants following the company's worst US sales slump in more than a decade. Chief Brand Officer Steve Easterbrook will take the reins when Thompson steps down on March 1, the Oak Brook, Illinois-based company said in a statement Wednesday. Easterbrook, currently a senior executive vice president, also will join the board, filling Thompson's vacated seat, the company said.