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OAK BROOK, Ill. - Jim Cantalupo, chairman and c.e.o. of McDonald's Corporation, died suddenly and unexpectedly of an apparent heart attack this morning, the company announced. Cantalupo was 60.
"Our entire McDonald's system mourns this tragic loss, and our thoughts and prayers are with Jim's wife, Joann, and his family. Our deepest sympathies go out to them," said Andrew J. McKenna, presiding director of the McDonald's Corporation board of directors, in a statement.
"Jim was a brilliant man who brought tremendous leadership, energy and passion to his job. He made an indelible mark on McDonald's system," McKenna said.
The board of directors announced later this morning that Charlie Bell, 43, currently president and c.o.o., has been elected president and c.e.o., effective immediately. Andrew J. McKenna has been elected non-executive chairman of the board.