CHICAGO, March 29,
2023 /PRNewswire/ -- McDonald's Corporation (NYSE:
MCD) today announced the retirement of Robert "Bob" A. Eckert and
John W. Rogers, Jr. from the
McDonald's Board of Directors effective as of the date of the
Company's 2023 Annual Shareholders' Meeting.
"Bob and John have made significant contributions throughout
their 20 years on the Board. Their strategic vision and expertise
have helped guide the expansion of the global business while
bringing McDonald's closer to the communities it serves," said
Enrique Hernandez, Jr., McDonald's
Chairman of the Board. "Bob brought valuable expertise to the
Board serving as Chairman of the Compensation Committee and the
inaugural Chairman of the Public Policy & Strategy Committee
where he helped oversee the Company's long-term strategy and
operations. John is a prominent leader in the Chicago and business community who has helped
to significantly expand the Company's efforts to promote equitable
opportunity and diversity across the full range of the business
including employees, franchisees and suppliers. McDonald's is
stronger because of their service."
"We've all benefitted from Bob and John's invaluable counsel as
we've navigated several challenges including the COVID pandemic and
war in Ukraine," said
Chris Kempczinski, McDonald's
President and Chief Executive Officer. "Their leadership has
helped position the Company for long-term growth and strengthened
its global reputation. There has never been a better time to be
part of McDonald's thanks to their leadership and steadfast
commitment to the Company."
Eckert and Rogers joined the McDonald's Board of Directors on
the same day in May 2003. These
retirements are consistent with the Board's commitment to ongoing
refreshment that maintains an appropriate balance of continuity and
institutional knowledge with fresh perspectives among Directors. In
2022, the Board elected four new independent Directors and
announced one retirement.
Robert A. Eckert
"It has been a privilege and an honor to serve McDonald's for
the last 20 years. The world has changed significantly during this
time, and the Company has successfully navigated challenges and
leveraged opportunities to become one of the most admired brands
globally. I leave confident that the Company has the right strategy
to deliver sustained, long-term profitable growth for the System,
shareholders and all stakeholders. I look forward to watching the
McDonald's System continue to thrive in the years ahead."
John W. Rogers, Jr.
"I'm exceptionally proud to have championed initiatives to
expand opportunity across all parts of the business including a
$250 million commitment in the U.S.
to increase demographic representation of the franchisee base,
tying executive compensation to improving diversity representation
and increasing spending with diverse suppliers. It's been a
pleasure to serve alongside such a skilled and experienced group of
Directors, and I'm confident in the Company's ability to continue
advancing its purpose of feeding and fostering communities."
McDonald's is the world's leading global foodservice 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.
Forward Looking Statements
This document contains forward-looking statements about future
events and circumstances. Generally speaking, any statement not
based upon historical fact is a forward-looking statement. In
particular, statements regarding McDonald's plans, strategies,
prospects and expectations regarding its business and industry are
forward-looking statements. They reflect McDonald's expectations,
are not guarantees of performance and speak only as of the date
hereof. Except as required by law, McDonald's does not undertake to
update such forward-looking statements. You should not rely unduly
on forward-looking statements. McDonald's business results are
subject to a variety of risks, including those that are described
in its Annual Report on Form 10-K for the year
ended December 31, 2022 and subsequent filings with the
Securities and Exchange Commission.
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SOURCE McDonald's Corporation