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McDonald’s has replaced the CEO in Russia


Oleg Paroev, who currently holds the position of vice president for transformation, will become the new CEO of McDonald’s. Mark Karena, who has been leading the company in Russia since June 2018, will leave his post at the end of February this year, Kommersant was told in the company. Mr. Paroev joined the company as chief financial officer in 2015, and in April 2021 was appointed to Vice President of Transformation. In this role, he was responsible for the work of the new department of the company, including the technology group, work with big data and business transformation itself. Earlier it became known that McDonald’s net profit and revenue in the fourth quarter of 2021 turned out to be worse than analysts’ forecasts. This is the fourth such incident in the past eight quarters. According to the financial report, the net income of the fast food chain for the quarter was $1.64 billion ($2.18 per share), which is 19% better than last year. .

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