McDonald’s confirmed the move of its corporate headquarters to downtown Chicago Monday. The fast food giant signed a lease at 1045 W. Randolph St. in the West Loop, with the move slated to take place in spring of 2018.
"We are a brand on the move in more ways than one," McDonald's President and CEO Steve Easterbrook said in a release announcing the move. "Moving our headquarters to Chicago is another significant step in our journey to build a better McDonald's. This world-class environment will continue to drive business momentum by getting us even closer to customers, encouraging innovation and ensuring great talent is excited about where they work."
McDonald’s was previously headquartered in Chicago from 1955 to 1971. Mayor Rahm Emanuel excitedly welcomed the world’s largest fast food retailer back to Chicago Monday.
"McDonald's, welcome back to sweet home Chicago," Mayor Rahm Emanuel said in a statement. "McDonald's has identified the keys to success to today's global market, talent, technology, and access to transportation networks, and they recognize these as Chicago's strengths. I'm proud to welcome them to our dynamic city and proud that their new headquarters will be part of the growing West Loop dynamo.”
“I can't wait to break ground and cut the ribbon,” the mayor added.
The company's corporate headquarters have been located in suburban Oak Brook since moving from Chicago in 1971.