McDonald's CEO to retire in JulyMarch 22, 2012 - 13:37 AMT PanARMENIAN.Net - McDonald's Corp Chief Executive Jim Skinner, who took the top post at the world's biggest hamburger chain following the abrupt departures of two CEOs, is retiring after more than seven years as a stabilizing force at the helm. In what analysts expected to be a smooth transition, Chief Operating Officer Don Thompson, 48, will succeed Skinner, effective July 1, becoming one of the most prominent African-American CEOs in the United States. Skinner, 67, has led McDonald's since November 2004 and is widely credited with executing the turn-around of the ubiquitous fast-food chain, whose shares more than tripled while he was CEO. He also will resign from the board of McDonald's. The company did not give a reason for Skinner's departure, but analysts said the move, while not entirely a surprise, came earlier than expected, Reuters reported. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | U.S., Armenia sign customs deal According to Armenian customs data, U.S.-Armenian trade reached $670 million last year. Glendale mayor to visit Yerevan Asatryan last visited Armenia in December 2022-January 2023 as she helped establish a partnership between Armenia’s Opera House and Los Angeles Opera. Ucom’s fixed network launches in Nor Hachn City residents will be able to use fixed-line Internet, mobile communications and television in one package at more affordable prices. Ambassador summoned to Russia returns to Armenia Sergei Kopyrkin has returned to Yerevan more than two weeks after being recalled to Moscow for consultations. |