Alvarez retirement highlights importance of succession plans

Alvarez retirement highlights importance of succession plans

OAK BROOK Ill. —The Nov. 30 announcement that McDonald’s Corp. president and chief operating officer Ralph Alvarez would retire may have surprised industry watchers and the analyst community, but most observers agreed that if any restaurant company can withstand an unexpected executive shake-up, it’s the world’s largest hamburger chain.

McDonald’s, which has faced the sudden

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