McDonald's CEO Cantalupo Dies of Heart Attack

Updated from 11:14 a.m. EDT

Jim Cantalupo, the longtime McDonald's(MCD Quote) executive who oversaw a major turnaround at the hamburger chain during just 16 months as chairman and CEO, died of a heart attack Monday. He was 60 years old.

The company quickly named 28-year company veteran Charlie Bell, its chief operating officer and president, to succeed Cantalupo.

Cantalupo died "suddenly and unexpectedly" at a restaurant owners' convention in Orlando, Fla., Andrew J. McKenna, the company's presiding director and new nonexecutive chairman, said in a statement. "Our entire McDonald's system mourns this tragic loss, and our thoughts and prayers are with Jim's wife, Joann, and his family," McKenna said. ...