McDonald’s Corp. chief operating officer Tim Fenton will retire effective Oct. 1, the company said Thursday, ushering in a reorganization of its global management structure. Fenton, 56, will continue to serve as chief operating officer through the transition period and will be a special advisor to president and chief executive Don Thompson after that. Fenton joined McDonald’s as a crew member in Utica, N.Y., in 1973, and worked his way up to several executive positions, including ...

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