Chris Kempczinksi, who was named McDonald’s president and CEO in 2019, will succeed Chairman Enrique Hernandez Jr., who is retiring after 28 years on the board.
FILE – The sign outside a McDonald’s restaurant is shown in Pittsburgh, June 25, 2019. A federal judge in Texas has blocked a new rule by the National Labor Relations Board that would have made it easier for millions of workers to form unions at big companies.The rule, which was due to go into effect Monday, March 11, 2024, would have set new standards for determining when two companies should be considered “joint employers” in labor negotiations.
Chris Kempczinksi, who was named McDonald’s president and CEO in late 2019, will succeed McDonald’s Chairman Enrique Hernandez Jr., who is retiring after 28 years on the Chicago company’s board. The transition will happen at the company’s annual meeting, which is expected to be held in May. But the company’s subsequent CEOs broke that pattern. Don Thompson served as president and CEO from 2012-2015, while 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 employee.
“Having served alongside Chris, who is now in his fifth year as CEO, I know he is uniquely placed to unify the two roles of CEO and chairman to ensure McDonald’s advances in lockstep with today’s ever-changing business and social landscape,” Hernandez said in a statement.
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