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McDonald's CEO Chris Kempczinski to assume role of board chairmanThe fast-food chain also announced the nomination of Mike Hsu, chairman and CEO of Kimberly-Clark, as an independent director of the board.
Reuters
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<div class="paragraphs"><p>A sign for the U.S. fast food restaurant chain McDonald's is seen outside one of their restaurants.&nbsp;</p></div>

A sign for the U.S. fast food restaurant chain McDonald's is seen outside one of their restaurants. 

Credit: Reuters Photo

McDonald's said on Tuesday CEO Chris Kempczinski will take on an additional role as chairman of the board after the retirement of Enrique Hernandez.

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The retirement of Hernandez, who has been on McDonald's board for 28 years, is effective as of the date of the company's 2024 annual shareholders' meeting.

The fast-food chain also announced the nomination of Mike Hsu, chairman and CEO of Kimberly-Clark, as an independent director of the board.

Shares of McDonald's were up nearly 2 per cent in morning trade.

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(Published 19 March 2024, 22:01 IST)