McDonald’s President Retires

Ralph Alvarez has decided to retire as President and Chief Operating Officer of McDonald’s for health-related reasons.

After 15 years with  McDonald’s and more than 30 in the restaurant business, Alvarez is retiring effective December 31, 2009. He will also resign as a member of McDonald’s Board of Directors.

Alvarez said a series of orthopedic surgeries and chronic pain led him to realize it was time to move on.

Alvarez joined McDonald’s in 1994. He held a variety of leadership roles  including President of McDonald’s North America and President of McDonald’s USA. Prior to that, he served McDonald’s USA as Chief Operations Officer and President of the Central Division. Earlier, he was President of McDonald’s Mexico.

With this change, McDonald’s Area of the World executive leadership team, will now report directly to CEO Jim Skinner.

McDonald’s is the leading global food-serve organization with more than 32,000 local restaurants in more than 100 countries.

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