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McDonald’s Announces Top Executive Changes – $MCD $DIA

By John F. Heerdink, Jr.

As per reports, McDonald’s Corp (MCD) has named company veteran and president of its international business, Ian Borden, as finance chief, succeeding incumbent Kevin Ozan, who is set to retire in mid-2023.

With 30 years of association with the company, Borden will take charge on Sept. 1, while Ozan, who has been CFO since 2015, will lead the company’s strategic initiatives until he retires.

The company’s global chief supply chain officer Francesca DeBiase will retire in August and will be replaced by Marion Gross, North America supply chain head. The changes in the top executives by Chief Executive Chris Kempczinski come as the burger giant battles surging costs and the fear of customers cutting back on orders due to inflation.

Chief Global Impact Officer Katie Fallon, leading its environmental, social, and governance, will also leave the company next month.

McDonald’s Corporation (MCD) is the leading global foodservice retailer with nearly 37,000 locations in over 100 countries. The Corporation operates and franchises McDonald’s restaurants in the US and across the globe with over 90% of its restaurants owned and operated by local, independent businessmen and women. To learn more about McDonald’s Corporation (MCD) and to track its progress please visit the Vista Partners McDonald’s Coverage Page

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(Read Original Story: UPDATE 2-McDonald's veteran Borden named finance chief in executive shake-up in Reuters)


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