McDonald's announces board changes: CEO to chair, Hernandez retires, Hsu nominated

MCDONALDS CORP

Enrique Hernandez Jr. retires as non-executive Chairman after 28 years, effective 2024 Annual Shareholders Meeting.
Chris Kempczinski will assume combined role of CEO and Chairman; Miles White becomes Lead Independent Director.
Mike Hsu, Kimberly-Clark CEO, nominated as independent director, bringing 30+ years consumer products experience.
Hernandez tenure saw over 2,000% total shareholder return and restaurant count more than double.

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