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McDonald’s New CEO Kempczinski Buys $500,000 of Company’s Stock
McDonald’s New CEO Kempczinski Buys $500,000 of Company’s Stock
07 Nov 2019, 06:53 AM IST 
Chris Kempczinski,new CEO of McDonald’s, speaks during the opening of the McDonald’s Corp. new headquarters in Chicago, Illinois
(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.
To contact the reporter on this story: Anders Melin in New York at amelin3@bloomberg.net
To contact the editors responsible for this story: Peter Eichenbaum at peichenbaum@bloomberg.net, Steven Crabill
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