Russ Smyth, president of McDonald’s Europe, resigned Tuesday after 21 years with the company. Denis Hennequin, executive VP- McDonald’s Europe, will replace Smyth as president effective July 1.
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| Russ Smyth |
Smyth, 48, who oversaw more than 6,200 restaurants in 51 countries, told company officials he wanted to spend more time with his family, according to news reports.
“Russ is a great leader and a great person,” said McDonald’s president and COO Mike Roberts in a statement. “I regret that he’s moving on, but I know he is doing what’s right for him, his family and the direction he wants to take his career, so I respect and support his personal decision.”
Smyth started his career at McDonald’s in 1984, working in the financial arena. In 1992, Smyth was appointed European controller, based in London, where he oversaw the company’s accounting and finance functions. Two years later, he returned to the U.S. and became international comptroller, serving 2 1/2 years before being named VP in 1996.
Hennequin, 46, enters the new position with 21 years at McDonald’s. In 1996, Hennequin became president of McDonald’s France. Under his leadership, France became one of the most successful and influential markets for the company. Hennequin was promoted to executive VP for McDonald’s Europe in 2004.
“Denis Hennequin is a talented executive who forged a brilliant track record in France during his eight years as managing director there,” Roberts said. “His innovative ideas and strategic thinking have already contributed to the traction we are beginning to see in Europe throughout the past year and a half he has served.”
Also on Tuesday, Roberts announced Glen Steeves, 47, will become COO for McDonald’s Europe, reporting to Hennequin. Steeves, who has worked for the company for 32 years starting as a crew member, is currently senior VP, McDonald’s Europe.
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