Don Thompson takes part in a session focused on 'Agriculture' during the Climate Summit at the United Nations in New York September 23, 2014. [Photo/Agencies]

McDonald's Corp

The US fast food chain influenced by the supplier scandal last year announced that the president and CEO and member of the board of directors Don Thompson will retire from March 1 after nearly 25 years of service to the company. McDonald's Steve Easterbrook will replace Thompson as President and CEO, and he was also elected to the Board of Directors.

Mc Donald's Corporation registered 9 percent drop in consolidated operating income globally last year, and 20 percent decrease in the fourth quarter.

In January, the company announced that the drop was "primarily due to the impact of the previously-disclosed supplier issue in APMEA (Asia/Pacific, Middle East and Africa) and weak operating performance in the US."

In July last year, the news of the supplier scandal broke that the restaurants was found using expired meat across China.