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The move marks a
homecoming for the world's biggest restaurant chain, which was
headquartered in Chicago from 1955 to 1971. No tax incentives
were involved in the move, a spokeswoman said.
"Moving our headquarters to Chicago is another significant step
in our journey to build a better McDonald's," Chief Executive
Officer Steve Easterbrook said in a statement.
Easterbrook said the move would bring the company closer to
customers and offer employees an exciting work environment. The
new headquarters also will house Hamburger University, one of
seven worldwide McDonald's employee training centers.
Several high-profile U.S. corporations are returning to cities
in a bid to attract young talent. Another big company, General
Electric Co, announced this year it would move its headquarters
to Boston from Fairfield, Connecticut.
Crain's Chicago Business first reported McDonald's plan to
relocate to 1045 W. Randolph Street in Chicago's West Loop
neighborhood. McDonald's confirmed that plan on Monday.
Easterbrook took the helm at McDonald's in March 2015 and has
begun reviving sales and profits by cutting costs, simplifying
menus and rolling out all-day breakfast in the United States.
(Reporting by Sruthi Ramakrishnan in Bengaluru; Editing by David
Gregorio and Andrew Hay)
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