When we think about fast food, the first thing that comes to our mind, no matter what corner of the world we’re in, is McDonald’s. We brought up the topic of McDonald’s here because Stephen James Easterbrook is (formerly) basically a British business executive aka president and chief executive of McDonald’s (the American Chain/ Corporation). He has been a chief executive from March 2015 to November 2019.
Steve Easterbrook’s Dismissal
So, rumors turned in to reality when Steve’s consensual relationship with an employee/ staff member came in to notice and he was dismissed since it’s against their policy. Forbes nominated Easterbrook among the most innovative leaders of 2019.
While he was in charge, he made major improvements and achievements in McDonald’s that people (in America) truly wanted for so long. He made the ‘American Dream’ of being served breakfast all day long, come true along with the deals that served any two things for $5 on the menu.
And not just this, but Steve also managed to start the $1 soda deals as well as ‘build-your-own burger’ types of meals. The ultimately delicious signature fashioned sandwiches are also Stephen’s work.
Easterbrook’s Net worth:
Easterbrook was named CEO of McDonald’s in 2013, his salary reportedly increased by 69.9% in 2015. And by the end of 2015, his salary had reached $7.91 million. And in 2019, his net worth was estimated to be about $39.7 million, although this has certainly changed now that he has been dismissed.
His role in bringing cage-free eggs, hormone-free milk and antibiotic-free chicken cannot be ignored. His interest in serving people with fresh juices, better salads and a cheaper menu can be felt in the chain.
So who is he and how did he become famous?
Behind every success, there’s a story of even greater success either in someone’s personal life (the people aka the close friends and family who push others to do even better, who constantly motivate others) or/and the story involves great institutes and study. But besides that, the past, the involvement with others; connections and struggle really matter. So, what is it about Steve Easterbrook that took him from $7 million in 2015 to $39 million in just a short period of 4 years?!
Easterbrook studied natural sciences at St. Chad’s College, Durham University where he also met and played cricket with Nasser Hussain who later became England’s cricket team captain.
He started to train as an accountant after university, when he first got to know about McDonald’s he was selected to become a manager there. This was back in 1993 in London. He stayed there, worked hard in the Northern European sector of the corporation and achieved the position of chief executive of U.K’s McDonald’s in 2006. This was the hardest time ever for McDonald’s in the U.K as 1200 outlets were floundering. He has a big name in flourishing those branches by developing amazing methods and guides to increase the sales, it worked pretty well. He restored almost all of the sales of those 1200 branches and McDonald’s became popular and even better then.
But he left because 2011 had better plans for him by making him the CEO of “PizzaExpress” and then later the CEO of Wagamama. These two were quite impressive restaurants, his return to McDonald’s was in 2013. He first became the CBO (chief brand officer) for McDonald’s in the U.K and then later in 2015, he ranked higher to become the CEO of the company replacing Don Thompson. And now in November 2019, he has been replaced by another man who was then the president of McDonald’s (USA).
Personal Life of Easterbrook:
It won’t do justice to this man if his personal life isn’t mentioned here considering the fact that he was named one of the most impressive CEO’s of the world in 2019.
He was born in 1967 in Watford, England, U.K. So now it makes him exactly 52 years old.
He was married before but when Steve moved to the U.S, the separation between him and his wife happened though we are not given the reason. They got divorced later on. His ex-wife was British and they have three children together. Living in Illinois now, his children visit him two to three times a month.
He is known as a big-time football fan for Watford Football Club (The Hornets) which is in Hertfordshire.