Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. OnJune 27, 2022 ,McDonald's Corporation (the "Company") announced thatKevin Ozan , Executive Vice President and Chief Financial Officer, notified the Company that he will resign from his role as Chief Financial Officer, effectiveSeptember 1, 2022 . In addition, the Company announced thatMr. Ozan was appointed to a newly-created role of Senior Executive Vice President, Strategic Initiatives, and thatIan Borden was promoted to Executive Vice President and Chief Financial Officer, both effectiveSeptember 1, 2022 .Mr. Borden , 53, currently serves as President - International, a position he has held sinceJanuary 2020 . Prior to that,Mr. Borden served as President - International Development Licensed Markets fromJanuary 2019 toDecember 2019 and as President - Foundational Markets fromJuly 2015 toDecember 2018 following financial and functional leadership roles with increasing scope acrossMcDonald's Canada ,Ukraine ,Russia andEastern Europe .Mr. Borden has served the Company for nearly 28 years. The Compensation Committee of the Company's Board of Directors intends to review the compensation arrangement withMr. Borden prior to the effective date of his appointment as Chief Financial Officer. The Company intends to disclose any material adjustments toMr. Borden's compensation in connection with his promotion.Mr. Borden has no family relationships with any director, executive officer or person nominated or chosen by the Company to become a director or executive officer of the Company and there are no transactions betweenMr. Borden and the Company that would be required to be reported under Item 404(a) of Regulation S-K.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
99.1 Press Release of
Ozan to Senior Executive Vice President, Strategic
Initiatives,
Financial Officer andMarion Gross to Global Chief Supply Chain
Officer
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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