BUSINESS

McDonald’s adds former Obama adviser Gibbs to executive team

Jun 9, 2015, 5:30 PM

OAK BROOK, Ill. (AP) — McDonald’s has named former White House press secretary Robert Gibbs as its global chief communications officer, as the fast-food giant looks to improve its image.

The world’s biggest hamburger chain said Tuesday that Gibbs will manage the company’s communications and government affairs and help to improve its well-known brand. He replaces Bridget Coffing, who announced her retirement earlier this year.

Gibbs served as President Obama’s first White House press secretary and as a senior adviser during the president’s re-election campaign. He then co-founded The Incite Agency, a strategic communications advisory firm.

McDonald’s Corp.’s CEO, Steve Easterbrook, said in a company statement that both Gibbs and new Chief Marketing Officer Silvia Lagnado will offer a wealth of experience and outside perspective “as we build a more modern, progressive burger company.”

Lagnado created Dove’s “Campaign for Real Beauty” and spent more than 20 years at consumer products maker Unilever Plc. She also has worked as chief marketing officer for Bacardi Ltd.

Easterbrook took over as CEO in March and has been fighting to revive sluggish sales for the Oak Brook, Illinois, company, which has more than 36,000 locations globally. McDonald’s said Monday that sales from established locations dipped last month, with weakness in the U.S. and some overseas markets.

The company’s turnaround plan includes a restructuring to strip away layers of bureaucracy and selling more company-owned restaurants to franchisees around the world.

Shares of McDonald’s fell 59 cents to close Tuesday at $94.73. The stock had climbed about 1 percent so far this year, about the same as the Standard & Poor’s 500 index.

___

This story has been corrected to list the number of McDonald’s locations as more than 36,000, not 36,00.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Business

US employers added 353,000 new jobs in January...

Associated Press

The US didn’t just avoid a recession — it’s adding hundreds of thousands of new jobs

The nation’s employers added 353,000 jobs in January, a sign the economy will shrug off the highest interest rates in two decades.

3 months ago

Cutting interest rates may be in the future, Federal Reserve says...

Associated Press

Federal Reserve signals that interest rate cuts aren’t imminent and leaves them unchanged for now

The Federal Reserve indicated Wednesday that it’s nearing a long-awaited shift toward cutting interest rates.

3 months ago

Associated Press

Wholesale inflation in US declined last month, signaling that price pressures are still easing

Wholesale inflation in the United States fell in December, further evidence that price pressures in the economy are easing.

3 months ago

Front-facing image of main entrance to Desert Diamond Arena in Glendale....

KTAR.com

Desert Diamond Arena in Glendale posts most lucrative year since opening two decades ago

Desert Diamond Arena announced that 2023 was its best year for revenue and attendance on record in the two decades since it opened.

3 months ago

(Lincoln Property Company photo)...

David Veenstra

New phase of Glendale industrial development includes pickleball and basketball courts

The second phase of the Park303 industrial park project in Glendale has been completed. The new development has a range of amenities.

4 months ago

Dutch semiconductor company ASM is investing more than $320 million to expand its U.S. headquarters...

Heidi Hommel

Dutch semiconductor company ASM announces $320 million investment in Scottsdale

Dutch semiconductor equipment company ASM is investing more than $320 million to expand its U.S. headquarters in Scottsdale.

5 months ago

Sponsored Articles

...

DESERT INSTITUTE FOR SPINE CARE

Desert Institute for Spine Care is the place for weekend warriors to fix their back pain

Spring has sprung and nothing is better than March in Arizona. The temperatures are perfect and with the beautiful weather, Arizona has become a hotbed for hikers, runners, golfers, pickleball players and all types of weekend warriors.

...

Midwestern University

Midwestern University Clinics: transforming health care in the valley

Midwestern University, long a fixture of comprehensive health care education in the West Valley, is also a recognized leader in community health care.

...

Day & Night Air Conditioning, Heating and Plumbing

Day & Night is looking for the oldest AC in the Valley

Does your air conditioner make weird noises or a burning smell when it starts? If so, you may be due for an AC unit replacement.

McDonald’s adds former Obama adviser Gibbs to executive team