McDonald's is moving its headquarters to Chicago, with plans to be in the Windy City by the spring of 2018.
"We are a brand on the move in more ways than one," said McDonald's CEO Steve Easterbrook via statement. "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."
The company will be moving to the former site of Harpo Studios, located on the city's Near West Side. McDonald's leaders hope the move will aid the company in attracting younger employees that may prefer the city over the current suburban Oak Brook location.
Chicago Mayor Rahm Emanuel applauded the move, welcoming the company that was previously headquarted in the city from 1955 to 1971.
"McDonald's, welcome back to sweet home Chicago," Emanuel said. "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."