McDonald's To Announce Organizational Changes In Coming Weeks

McDonald's Corp. said Tuesday thatthe Chief Administrative Officer Pete Benson will retire on September 2 after 20 years with the company. McDonald's, which is in the midst of a turnaround with help from its all-day breakfast menu, announced weaker-than-expected second-quarter same-store sales growth on July 26. McDonald's said it will announce further organizational changes in the coming weeks. McDonald's shares are down 0.2% in premarket trading, but up 18.2% for the past year. The S&P 500 Index is up 3.2% for the last 12 months.