McDonald's CEO dies

posted 2004-04-19 09:37:49 by beth

NEW YORK - McDonald's chairman and CEO Jim Cantalupo died of an apparent heart attack, the company said in a statement Monday.

"It is with great sadness that I announce that Jim Cantalupo, our chairman and CEO, died suddenly and unexpectedly of an apparent heart attack this morning in Orlando, Fla., " Andrew J. McKenna, presiding director of the McDonald's board of directors said in a statement.

McDonald's CEO Jim Cantalupo died of an apparent heart attack Monday.

Cantalupo, 60, was at the McDonald's Worldwide Owner/Operator Convention Center when he was stricken.

"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.

Shares of McDonald's (MCD: Research, Estimates) fell 46 cents to $27 in pre-market trading on Instinet.