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McDonald's COO to Retire

Stock quotes in this article: MCD  

SAN FRANCISCO (TheStreet) -- McDonald's(MCD Quote) president and chief operating officer Ralph Alvarez, will retire at the end of the year for health reasons.

Alvarez will also step down from McDonald's board.

The fast-food behemoth did not announce a successor.

-- Reported by Jeanine Poggi in New York

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