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McDonald's board member targeted by Icahn to leave in reshuffle

August 22, 2022 at 11:16 am EDT

NEW YORK (Reuters) - A McDonald's Corp board member targeted by activist investor Carl Icahn over the company's animal welfare policies will leave, the burger chain said on Monday.

Sheila Penrose, who will retire effective Sept. 1, was one of two incumbent board members Icahn sought to replace with his own nominees. Icahn lost that battle over pig gestation crates in May when investors reelected all 12 of McDonald's directors, including Penrose.

The fast-food giant also said on Monday that Marriott International Inc Chief Executive Officer Anthony Capuano, Johnson & Johnson Executive Vice President Jennifer Taubert and Salesforce.com Inc Chief Financial Officer Amy Weaver were elected to its board as of Oct. 1.

By Hilary Russ

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
MCDONALD'S CORPORATION	272.5 USD	+0.68%	+1.35%	195B
SALESFORCE.COM, INC.	282.5 USD	+2.07%	+1.29%	268B
MARRIOTT INTERNATIONAL, INC.	236.4 USD	+0.21%	+0.45%	67.37B

Carl Icahn

Mr. Carl C. Icahn is a Chairman at CVR Refining GP LLC, at Icahn Enterprises G.P. Inc., at Icahn Enterprises Holdings LP, at Starfire Holding Corp., at ACF Industries LLC, at Atlantic Coast Entertainment Holdings, Inc., at Greate Bay Hotel & Casino, Inc., at Icahn Enterprises Finance Corp., at Icahn Enterprises LP, a Chief Executive Officer at Icahn Capital LP, at General Partners LLC at GB Property Funding Corp., and a Chairman of the Board at Icahn Associates Holding LLC. Mr. Icahn was previously employed as a Chairman by CVR Refining LP, by GB Holdings, Inc., by Maupintour Holding LLC, by American Railcar Industries, Inc., by CVR Energy, Inc., by XO Communications, Inc., by Tropicana Entertainment, Inc., by WCI Communities, Inc., by ImClone Systems, Inc., a Non-Executive Chairman by Federal-Mogul Corp., by Federal-Mogul LLC, by Federal-Mogul Holdings Corp., a Chief Executive Officer by Icahn Capital Management LP, by Icahn Management LP, a Member chCCI Offshore LLC, by Financial Industry Regulatory Authority, Inc., by National Association of Securities Dealers, Inc., by National Association of Securities Professionals, by CCI Onshore LLC, a Chairman & President by XO Holdings, Inc., a President & Director by Stratosphere Corp., a General Partner by American Real Estate Partners LP, a Chairman & President by Icahn & Co., Inc., a Non-Executive Chairman by Federal-Mogul Motorparts LLC, an Owner by Sands Hotel & Casino /Atlantic City/, by Stratosphere Hotel, and a Chairman & Chief Executive Officer by Trans World Airlines, Inc. He received his undergraduate degree from Princeton University.

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Icahn Associates Holding LLC Icahn Associates Holding LLC Investment ManagersFinance Icahn Associates Holding LLC is an independent hedge fund manager headquartered in New York City. The firm is affiliated with Icahn Enterprises LP (NASDAQ: IEP), a Delaware master limited partnership and diversified holding company engaged in nine primary business segments: Investment, Automotive, Energy, Railcar, Mining, Food Packaging, Metals, Real Estate and Home Fashion. Icahn Associates Holding manages assets of high net-worth clients.	Chairman
ACF Industries LLC ACF Industries LLC Wholesale DistributorsDistribution Services ACF Industries LLC manufactures and fabricates railcar parts and miscellaneous steel products. Its capabilities include car conversions, repair programs, welded sub-assemblies, pressure vessels, railcar wheel, and axle machining & mounting. The company was founded in 1899 and is headquartered in St. Charles, MO.	Chairman

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