– USA, IL – McDonald’s Corporation (NYSE: MCD) today announced the appointment of CEO Chris Kempczinski to the additional role of Chairman of the Board of Directors alongside Miles White as Lead Independent Director, both effective from 2024 AGM, and concurrently with the retirement of Rick Hernandez as Chairman of the Board of Directors.
“I am honored to assume the role of Chairman of the Board of Directors of McDonald’s following our Annual Shareholders’ Meeting. As Chairman and CEO, I am committed to advancing our Accelerating the Arches strategy and continuing to deliver strong performance,” said President and CEO, Chris Kempczinski.
The Company also announced the nomination of Mike Hsu for his election to its Board as an Independent Director.
Chris Kempczinski added, “I am pleased to welcome a leader of Mike’s caliber as a nominee to the Board of Directors as we continue to build on the strength of the brand and drive long-term value for all stakeholders. Mike is a veteran of the consumer products industry with a global perspective that will be invaluable to McDonald’s as we continue to steer the Company towards sustained growth.”
About Mike Hsu
Mike Hsu is Chairman of the Board and CEO of Kimberly-Clark, has been nominated to McDonald’s Board of Directors, and has more than 30 years of experience in the consumer products industry. Before becoming CEO in January 2019, Mike Hsu served as Kimberly-Clark’s President and COO.
“It is an honor to be nominated to McDonald’s Board and to be part of what is undeniably one of the most iconic and beloved brands,” said Mike Hsu. “I am excited to partner closely with Chris and the Board as McDonald’s continues to deliver strong performance and drive real impact in communities across the world.”
About McDonald’s
McDonald’s is the world’s leading global food service retailer with over 40,000 locations in over 100 countries. Approximately 95% of McDonald’s restaurants worldwide are owned and operated by independent local business owners.
- Disclaimer - News, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.
