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McDonald's SA CEO steps down
The Citizen
|February 15, 2025
Against a background of what sources said was a poor company performance and declining market share, McDonald's SA CEO Greg Solomon has stepped down after 29 years with the company, including 15 at the helm of the food franchise.
Despite its strong brand, being a top 10 eatery and attracting a sizable customer base in South Africa, McDonald's has been losing market share to competitors.
Market research foundation Eighty20, points to KFC maintaining its position as the country's preferred quick meal chain.
According to Eighty20, other brands which have grown to threaten McDonald's market share include Chicken Licken, Burger King and Steers.
Commenting on Solomon's departure, McDonald's SA chief marketing officer Daniel Padiachy, described the resignation as being "mutually agreed that now is the right time for him to step down".
Diese Geschichte stammt aus der February 15, 2025-Ausgabe von The Citizen.
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