McDonald's CEO Chris Kempczinski to become board chairman, succeeding Enrique Hernandez Jr. in May; Mike Hsu nominated as independent director, emphasizing diversity.

McDonald's CEO Chris Kempczinski is set to become the company's board chairman later this spring, succeeding Enrique Hernandez Jr., who is retiring after 28 years on the board. The transition will occur at McDonald's annual meeting, expected in May. McDonald's has also nominated Mike Hsu, chairman and CEO of Kimberly-Clark Corp., as an independent director on the board, emphasizing its commitment to diversity within its leadership. McDonald's aims to have 50% or more of its board members representing diverse backgrounds.

March 19, 2024
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