McDonald's CEO surprise exit throws long-term vision into doubt: analysts

The surprise exit of McDonald's Corp chief executive officer, Steve Easterb...

) chief executive officer, Steve Easterbrook, over the weekend has Wall Street wondering whether the burger chain’s multi-billion dollar strategy to boost sales could change under the new head.

Piper Jaffray & Co on Monday downgraded the stock to “neutral” from “buy”, citing the likely disruption from a sudden change of this magnitude. Kempczinski has inherited the top spot at the world’s largest fast-food chain when its struggling to bring in more customers at its restaurants amid a shift to healthier food choices and delivery apps available at their finger tips.McDonald’s has spent billions to modernize stores, add digital kiosks and automate parts of the ordering process as part of its turnaround plan under Easterbrook, who took over as the CEO in 2015.

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