McDonald's executive retiring as company seeks to evolve

(AP) — McDonald's says Chief Administrative Officer Pete Bensen is retiring after 20 years with the company, the latest shake-up as the world's biggest burger maker seeks to transform its business.

McDonald's CEO Steve Easterbrook, who took over in March of last year, has said he plans to transform McDonald's into a "modern, progressive burger company" after it failed to keep pace with changing tastes.