CHICAGO – McDonald's Corp. said Friday that longtime restaurant executive Mike Andres will take over as president of the chain's U.S. operations, which have struggled to boost sales amid increased competition.
Jeff Stratton, 58, will retire from the post Oct. 15, the company said. Andres, 56, worked in multiple roles at McDonald's, including leading its central U.S. unit and the company's former Boston Market subsidiary. He has been chief executive officer of Logan's Roadhouse Inc. since early last year.
The world's biggest restaurant chain, which gets almost a third of its revenue from domestic locations, has had a tough time attracting Americans this year as new rivals lure away customers and established competitors introduce cheaper food deals. Sales at U.S. stores open at least 13 months fell 3.2 percent in July, the third consecutive monthly decline.
While McDonald's recently introduced a $2 jalapeño burger and heavily advertised breakfast fare, Burger King Worldwide Inc. is promoting a two-sandwiches-for-$5 deal, as well as $1 items. Wendy's Co. recently brought back its pretzel buns to help attract customers and boost sales.
New fast-casual eateries, including Chipotle Mexican Grill Inc. and Smashburger, are expanding quickly and siphoning away McDonald's customers with formats that allow diners to customize their meals.
Stratton has been with the company for 41 years and led the U.S. division since late 2012. Under his tenure, McDonald's introduced Premium McWraps, Egg White Delight McMuffins and Bacon Clubhouse burgers.