retail news in context, analysis with attitude

• Tim Fenton, COO at McDonald's Corp., said yesterday that he plans to retire later this year. The company said it has no plans to replace him, but rather will split up his responsibilities among two senior executives: CFO Pete Bensen will now also oversee the global supply chain, development and franchising functions, while Steve Easterbrook, global chief brand officer, will take on oversight of McDonald's restaurant solutions group and corporate strategy.
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