McDonald’s CEO will turn into chairman of the corporate’s board later this spring, the burger chain mentioned Tuesday.
Chris Kempczinksi, who was named McDonald’s president and CEO in late 2019, will succeed McDonald’s Chairman Enrique Hernandez Jr., who’s retiring after 28 years on the Chicago firm’s board. The transition will occur on the firm’s annual assembly, which is predicted to be held in Could.
Traditionally, McDonald’s CEOs have additionally held the place of chairman. Jim Skinner was McDonald’s vice chairman and CEO from 2004-2012, for instance.
However the firm’s subsequent CEOs broke that sample. Don Thompson served as president and CEO from 2012-2015, whereas Steve Easterbrook was president and CEO from 2015-2019. Kempczinski took over as president and CEO after Easterbrook was fired for having a non-physical, consensual relationship with an worker.
Kempczinski joined McDonald’s in 2015 as govt vp of technique, enterprise growth and innovation. Previous to that, he spent greater than 25 years in senior positions at Procter & Gamble, PepsiCo and Kraft.
“Having served alongside Chris, who’s now in his fifth 12 months as CEO, I do know he’s uniquely positioned to unify the 2 roles of CEO and chairman to make sure McDonald’s advances in lockstep with at this time’s ever-changing enterprise and social panorama,” Hernandez mentioned in a press release.
McDonald’s additionally introduced the nomination of Mike Hsu, the chairman and CEO of Kimberly-Clark Corp., as an unbiased director on the board.
Kempczinski mentioned Hsu is a veteran of the patron merchandise business with a world perspective, which can assist McDonald’s because it embarks on a interval of unprecedented progress. In December, the corporate introduced a plan to open practically 10,000 McDonald’s eating places worldwide over the subsequent 4 years.
McDonald’s additionally famous that Hsu would assist keep a company objective of getting 50% or extra of its board members symbolize various backgrounds.
Chris Kempczinksi, who was named McDonald’s president and CEO in late 2019, will succeed McDonald’s Chairman Enrique Hernandez Jr., who’s retiring after 28 years on the Chicago firm’s board. The transition will occur on the firm’s annual assembly, which is predicted to be held in Could.
Traditionally, McDonald’s CEOs have additionally held the place of chairman. Jim Skinner was McDonald’s vice chairman and CEO from 2004-2012, for instance.
However the firm’s subsequent CEOs broke that sample. Don Thompson served as president and CEO from 2012-2015, whereas Steve Easterbrook was president and CEO from 2015-2019. Kempczinski took over as president and CEO after Easterbrook was fired for having a non-physical, consensual relationship with an worker.
Kempczinski joined McDonald’s in 2015 as govt vp of technique, enterprise growth and innovation. Previous to that, he spent greater than 25 years in senior positions at Procter & Gamble, PepsiCo and Kraft.
“Having served alongside Chris, who’s now in his fifth 12 months as CEO, I do know he’s uniquely positioned to unify the 2 roles of CEO and chairman to make sure McDonald’s advances in lockstep with at this time’s ever-changing enterprise and social panorama,” Hernandez mentioned in a press release.
McDonald’s additionally introduced the nomination of Mike Hsu, the chairman and CEO of Kimberly-Clark Corp., as an unbiased director on the board.
Kempczinski mentioned Hsu is a veteran of the patron merchandise business with a world perspective, which can assist McDonald’s because it embarks on a interval of unprecedented progress. In December, the corporate introduced a plan to open practically 10,000 McDonald’s eating places worldwide over the subsequent 4 years.
McDonald’s additionally famous that Hsu would assist keep a company objective of getting 50% or extra of its board members symbolize various backgrounds.
