CHICAGO, Aug. 24,
2023 /PRNewswire/ -- McDonald's Corporation (NYSE:
MCD) today announced the retirement of Richard "Rick" Lenny from
the McDonald's Board of Directors, effective October 31, 2023.
"Rick's contributions to McDonald's and its Board of Directors
over the past 18 years have been immeasurable. His business acumen
and extensive experience leading major consumer brands have enabled
the Company to advance countless strategic objectives, and he has
cultivated a lasting culture of decorum and camaraderie within our
Board," said Enrique Hernandez,
Jr., McDonald's Chairman of the Board. "As Chairman of
the Compensation Committee, Rick has helped oversee several
important initiatives, including the evolution of the Company's
Executive Compensation program to more fully encompass our business
and social impact. A founding member of our Sustainability &
Corporate Responsibility Committee, he has been a steady voice in
the development and evolution of McDonald's sustainability
strategies."
"Rick is a civic-minded leader with a keen understanding of the
challenges facing people and businesses today, and his counsel has
been instrumental in helping position the Company and our System
for long-term growth," said Chris
Kempczinski, McDonald's President and Chief Executive
Officer. "We will carry forward Rick's legacy of leadership and
community service as we continue to execute against our strategic
priorities through our Accelerating the Arches growth plan. We
thank him for his unwavering commitment to McDonald's."
Lenny joined McDonald's Board of Directors in 2005 and has
served as the Chair of the Compensation Committee since 2019. In
addition to his service to McDonald's, Lenny serves on the Boards
of Conagra Brands and Illinois Tool Works.
"It has been an honor to serve on McDonald's Board for the last
18 years, supporting the Company as it has successfully navigated
an ever-evolving macroeconomic and industry landscape. I am
particularly proud of the work we've done to reward our
shareholders exceptionally well over the long-term and serve them
through sound governance, oversight and an unwavering commitment to
doing what's right," said Lenny. "I look forward to cheering
on McDonald's success for years to come."
About McDonald's
McDonald's is the world's leading global foodservice retailer with
nearly 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 Quarterly Report on Form 10-Q for the quarter ended June 30,
2023 and subsequent filings with the Securities and Exchange
Commission.
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SOURCE McDonald's Corporation