Majority of McDonald's Franchisees Support No-Confidence Vote on CEO, Poll Shows--CNBC
18 Julho 2022 - 1:10PM
Dow Jones News
--An overwhelming majority of McDonalds's Corp. franchisees are
expressing a lack of confidence in the company's Chief Executive
Officer and its U.S. president, according to a survey of owners,
CNBC reported.
--An independent franchise advocacy group for McDonald's owners,
called the National Owners Association, recently surveyed members
on changes being made to franchisee lease terms, CNBC reported.
--The poll found that 87% of respondents support calling a vote
of no confidence on CEO Chris Kempczinski and U.S. president Joe
Erlinger, CNBC reported.
--The results also showed nearly 100% of franchisees thought the
company should have consulted owner leaders before announcing
changes to the franchise system, CNBC reported. Also, 95% said they
think the company's senior corporate management does not have the
best interest of owners in its franchising approach, CNBC
reported.
--The NOA has roughly 1,000 members, and almost 700 responded to
the poll, said CNBC.
--Company representatives and representatives of the NOA didn't
immediately return requests for comment from Dow Jones
Newswires.
--McDonald's shares are trading at $253.98, and are down 5.3%
for the year.
Write to Kathryn Hardison at kathryn.hardison@wsj.com
(END) Dow Jones Newswires
July 18, 2022 11:55 ET (15:55 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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