Executive Communication McDonald’s announces CEO change, but doesn’t explain why The fast food giant’s CEO, Don Thompson, will step down as of March 1. Declining profits are the likely culprit. By Matt WilsonJan. 29, 2015 SHARE To read the full story, log in. Become a Ragan Insider member to read this article and all other archived content. Sign up today Already a member? Log in here. Learn more about Ragan Insider.