McDonald’s New CEO Kempczinski Buys $500,000 of Company’s Stock
Chris Kempczinski,new CEO of McDonald’s, speaks during the opening of the McDonald’s Corp. new headquarters in Chicago, Illinois

McDonald’s New CEO Kempczinski Buys $500,000 of Company’s Stock

Bookmark

(Bloomberg) -- McDonald’s Corp.’s Chris Kempczinski, who didn’t own any common stock when he was promoted to chief executive officer, bought $500,000 of shares in the restaurant company on Wednesday.

Kempczinski purchased 2,580 shares in the Chicago-based firm for $193.81 apiece, according to a regulatory filing.

Kempczinski, who was elevated to the top job on Sunday following the resignation of Stephen Easterbrook, sold his entire holding of McDonald’s common shares earlier this year, Bloomberg reported Tuesday.

©2019 Bloomberg L.P.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.