Forget about knowing; who doesn’t eat at McDonald’s? Even Donald Trump, the President of the United States, enjoys eating at McDonald’s. Such is the power and pervasiveness of McDonald’s golden arches. McDonald’s CEO is Steve Easterbrook, who has held the position since 2015.
He was McDonald’s Chief Brand Officer and former Head of the UK and Northern Europe before becoming CEO. His pay package has been discussed in business magazines and financial newspapers. His salary at McDonald’s has established a new standard for CEO compensation in the business world.
Quick Facts
| Celebrated Name: | Steve Easterbrook |
|---|---|
| Real Name/Full Name: | Stephen James Easterbrook |
| Gender: | Male |
| Age: | 56 years old |
| Birth Date: | 6 August 1967 |
| Birth Place: | Watford, United Kingdom |
| Nationality: | British |
| Height: | 1.68 m |
| Weight: | 70 kg |
| Sexual Orientation: | Straight |
| Marital Status: | Divorced |
| Wife/Spouse (Name): | Susie Jennings (Ex) |
| Children: | Yes (3 children) |
| Dating/Girlfriend (Name): | N/A |
| Profession: | British business executive |
| Net Worth in 2024: | $50 million |
| Last Updated: | February 2024 |
Steve Easterbrook Biography
Steve Easterbrook was born in the United Kingdom in August 1967 as Stephen James Easterbrook. He grew up in Watford and attended Watford Grammar School for Boys for his primary education.
He had a soft spot for McDonald’s burgers since he was 11 years old, and would occasionally take the train to Harrow to sample the Big Macs on offer.
He continued his education by enrolling in natural sciences at St Chad’s College, Durham University. Here, he took up cricket, and one of his fellow student cricketers was Nasser Hussain, who went on to become the captain of England’s cricket test team.
Steve Easterbrook Age, Height, Weight
Steve Easterbrook was born on August 6, 1967, and will be 57 years old in 2024. His height is 1.68 m, and he weighs 70 kg.
Career
Steve Easterbrook began his career as a trainee accountant with Price Waterhouse after graduating from university. Easterbrook began working for McDonald’s in 1993. He started as a manager in the finance department in London.
He spent the next five years streamlining operations in the United Kingdom. He completed an 18-month training program at Hamburger University in Chicago. When he returned to England, he launched a number of initiatives to help the company achieve greater profitability in the UK. Easterbrook was given responsibility for other northern countries within months.
He was appointed Chief Executive of McDonald’s UK operations in 2006. He was named President of McDonald’s Europe in 2010. Easterbrook left McDonald’s in 2011 because he felt he was denied the opportunity and responsibility for greater global responsibility.
He changed jobs and now works for PizzaExpress. He was appointed CEO. He changed jobs yet again to become the CEO of Wagamama. Both of these companies are at the top of the list of casual and fast-food restaurant chains in the United Kingdom.
Easterbrook made a triumphant return to McDonald’s in 2013. He was later promoted to Chief Branding Officer in the UK, as well as Head of UK Operations, as he was in charge of all of Northern Europe. Later, he was transferred to Chicago for a more global role.
Easterbrook took over as CEO of McDonald’s on March 1, 2015, after previous CEO Don Thompson stepped down on January 28, 2015. Easterbrook was offered a base salary of $1.1 million-plus a performance-based annual bonus of up to 160 percent of his base salary. Easterbrook’s total compensation nearly doubled to $15.4 million in 2016.
Steve Easterbrook Achievement and Awards
Steve Easterbrook has not received any well-known awards, but his successful initiatives in the growth of McDonald’s have been the subject of many case studies in top business schools such as Harvard. His success story has also been widely publicized. He has been featured in Business and Finance newspapers and journals, and an article has been written about him.
Steve Easterbrook’s Net Worth in 2024
Steve Easterbrook was hired as CEO in 2015 and received a base salary of $1.1 million as well as an annual bonus of 160 percent of his base salary. Easterbrook’s total compensation for 2016 was doubled to $15.4 million, according to a Securities and Exchange Commission filing, and this is accurate information.
Last year, he received a base salary of about $1.3 million, and the value of the stock awards he received was estimated to be $5.1 million, up from $2.9 million in 2015. His ESOP stock value increased from $2.1 million in 2015 to $3.9 million in 2016. His performance-based bonus increased from $1.5 million in 2015 to $4.6 million in 2016.
His perks were increased from $341,301 in 2015 to $523,665. He received several benefits, including a car allowance, security, life insurance, and, among many others, the use of the company jet for personal trips.
When all of these factors are considered, including his previous acquisitions and investments, Steve Easterbrook’s net worth is estimated to be around $50 million as of February 2024.
Steve Easterbrook is a well-known business and finance figure. He has been lauded as a rising business executive who turned around the fortunes of an iconic brand like McDonald’s. He returned the company to prominence and was handsomely rewarded by the company. Easterbrook serves as an example to the general public, business students, and aspiring managers on how to rebuild a business, even in such a competitive industry as Quick-service Restaurants (QSR).
Steve Easterbrook Wife, Marriage
Steve Easterbrook is married and the mother of three children. He moved his family from the United Kingdom to the state of Illinois in the United States. His family is a frequent McDonald’s customer. Easterbrook remains a supporter of Watford FC, a professional football club based in Watford, Hertfordshire, England.
