CHICAGO — McDonald's Corp. said Friday that longtime restaurant executive Mike Andres will take over as president of the chain's U.S. operations, which have struggled to boost sales amid increased competition.
Jeff Stratton, 58, will retire from the post on Oct. 15, the Oak Brook, Ill.-based company said in a statement. Andres, 56, worked in multiple roles at McDonald's, including leading its central U.S. unit and the company's former Boston Market subsidiary. He has been chief executive officer of Logan's Roadhouse Inc. since early last year.
The world's biggest restaurant chain, which gets almost a third of its revenue from domestic locations, has had a tough time attracting Americans this year as new rivals lure away customers and established competitors introduce cheaper food deals. Sales at U.S. stores open at least 13 months fell 3.2 percent in July, the third straight monthly dip.