Steve Easterbrook is most famously known as the CEO of McDonald’s and he has been in charge since year 2015. He was the Brand Officer of McDonald’s before becoming the CEO, as well as the company’s previous Head of the UK & Europe.
Business journals and financial media have been debating his remuneration package. His pay at McDonald’s has set a new standard for executive compensation in the corporate world.
|Life & Career|
Steve Easterbrook was born in the United Kingdom in August 1967 as Stephen James Easterbrook. He grew up in Watford and attended Watford Grammar School for Boys for his early education. He’d been a fan of McDonald’s burgers since he was 11 years old, and would occasionally take the train to Harrow to sample the Big Macs on sale.
He continued his studies at Durham University College, where he majored in natural sciences. Here, he took up cricket, and one of his fellow student cricketers was Nasser Hussain, who subsequently went on to become the captain of England’s test team.
Easterbrook worked as a trainee accountant with Price Waterhouse after graduating from university. Easterbrook’s first job was at McDonald’s in year 1993. He began his career as a finance manager in London.
He spent the next five years optimizing operations in the United Kingdom. He went to Hamburger University in Chicago for 18 months of instruction.
Upon his return to England, he took a number of steps to help the corporation achieve more profitability in the United Kingdom. Easterbrook was handed responsibility for other northern countries within a few months. He was named Chief Executive Officer of McDonald’s UK in year 2006.
He was named President of McDonald’s Europe in year 2010. Easterbrook departed McDonald’s in year 2011 because he thought he was denied the opportunity and responsibility for a larger worldwide role.
He changed jobs and now works for Pizza Express. He rose to the position of CEO. He moved jobs yet again, this time to become the CEO of Wagamama.
Both of these enterprises are at the top of the UK’s casual and fast-food restaurant chains. Easterbrook returned to McDonald’s in year 2013 after a long absence. He was eventually moved to Chief Branding Officer in the United Kingdom, as well as Head of UK Operations, where he was responsible for all of Northern Europe. Later, he was transferred to Chicago to take on a more worldwide position.
Easterbrook took over as CEO of MacDonald’s in March 2015, after Don Thompson, the previous CEO, stepped down on 28 January 28 2015. Easterbrook was offered a $1 million basic pay plus a performance-based yearly incentive of up to 160% of his base salary. Easterbrook’s total salary nearly doubled to $15 million in year 2016.
|Personal Life & Relationships|
Easterbrook is the father of 3 children. He moved his family from the United Kingdom to the state of Illinois in the United States. McDonald’s is a common stop for his family. Easterbrook remains a supporter of Watford FC, an English professional football team headquartered in Hertfordshire. .
Steve Easterbrook’s net worth is estimated to be over $50 million. Easterbrook’s total salary for 2016 was increased to $15 million. He was paid a salary of $1 million and the value of the stock awards he earned was estimated to be $5 million. His benefits were increased from $340k to $523k.