McDonald's replaced the head of its U.S. business on Tuesday after the company missed second-quarter U.S. sales-growth expectations, blaming what its CEO called execution lapses that blunted a drive to bring back low-income consumers who have cut back on eating out.
The Big Mac maker named Skye Anderson, a 26-year company veteran who has served as U.S. chief operating officer, to replace Joe Erlinger as president of McDonald's USA, effective immediately.
