April 19, 2004

McDonald's CEO Dies of Heart Attack.

Investors and franchisees alike were shocked to learn of the death of McDonald's CEO, Jim Cantalupo, this morning in Florida. Mr. Cantalupo, who is credited with a dramatic turnaround of McDonald's in last year, was attending a franchisee convention in Orlando at the time of his death. His death appears to have been the result of a heart attack. Mr. Cantalupo was 60 years old. McDonald's has named its Chief Operating Officer, Charlie Bell, to replace Mr. Cantalupo.

Posted by franchiselawblog at April 19, 2004 12:14 PM