McDonald's boss Jill gets on her bike to join Halfords
The head of McDonald's UK is to swap burgers and fries for bicycles and car parts after being poached to become the next chief executive of Halfords.
Jill McDonald will take over in May following the departure of Matt Davies, who has been lured to Tesco to become boss of its UK operations.
Mr Davies had only taken over in October 2012 following a profit warning that sparked the departure of his predecessor, David Wild, earlier that year.
Ms McDonald will be paid £500,000 basic pay, plus a maximum annual bonus worth 150% of her salary. She will also be entitled to participate in a performance plan worth up to 150% of salary.
In addition she will be compensated for the loss of long-term share incentives at McDonald's by being granted stock worth £495,000 over the next three years.
Halfords chairman Dennis Millard said: "When the board began a search for a new CEO we were clear that we were looking for an outstanding business leader.
"We are delighted to have recruited Jill, with a strong track record of heading a large, complex, service-led business with great success."