New York • McDonald's named a new president for its struggling U.S. division on Friday, marking the second change in the high-profile spot in less than two years.
The world's biggest hamburger chain says it's bringing back a longtime McDonald's executive, Mike Andres, to fill the role effective Oct. 15. Andres replaces Jeff Stratton, who is retiring.
Stratton, 58, took over in late 2012 and replaced Jan Fields. That shakeup was made shortly after McDonald's Corp. reported its first monthly sales drop in nearly a decade. Sales in the U.S. have remained weak ever since, with the company facing intensifying competition and changing eating habits. In its most recent quarter, the company reported a 1.5 percent sales decline at established U.S. locations. Then for July, it reported a 3.2 percent drop.