MCDONALD'S CORPORATION

(MCD)
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Delayed Nyse  -  04:00 2022-08-08 pm EDT
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MCDONALDS CORP : Change in Directors or Principal Officers, Financial Statements and Exhibits (form 8-K)

06/27/2022 | 05:06pm EDT
Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.

On June 27, 2022, McDonald's Corporation (the "Company") announced that Kevin
Ozan, Executive Vice President and Chief Financial Officer, notified the Company
that he will resign from his role as Chief Financial Officer, effective
September 1, 2022. In addition, the Company announced that Mr. Ozan was
appointed to a newly-created role of Senior Executive Vice President, Strategic
Initiatives, and that Ian Borden was promoted to Executive Vice President and
Chief Financial Officer, both effective September 1, 2022. Mr. Borden, 53,
currently serves as President - International, a position he has held since
January 2020. Prior to that, Mr. Borden served as President - International
Development Licensed Markets from January 2019 to December 2019 and as President
- Foundational Markets from July 2015 to December 2018 following financial and
functional leadership roles with increasing scope across McDonald's Canada,
Ukraine, Russia and Eastern 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 with Mr. Borden prior to the effective date of his
appointment as Chief Financial Officer. The Company intends to disclose any
material adjustments to Mr. 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 between Mr. 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 McDonald's Corporation issued June 27, 2022: McDonald's Promotes Kevin

            Ozan to Senior     Executive Vice President, Strategic 

Initiatives, Ian Borden to Chief

            Financial Officer and Marion Gross to Global Chief Supply Chain 

Officer

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

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© Edgar Online, source Glimpses

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