McDonald's (MCD) CEO Jim Skinner To Retire
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Price: $101.54 +0.42%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 3.2%
Revenue Growth %: +9.5%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 3.2%
Revenue Growth %: +9.5%
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McDonald's Corporation (NYSE: MCD) announced late Wednesday that Vice Chairman and Chief Executive Officer Jim Skinner has informed the Board of Directors of his decision to retire after 41 years with the Company, effective June 30, 2012.
McDonald's Board of Directors elected current President and Chief Operating Officer Don Thompson to succeed Skinner as CEO, effective July 1, 2012.
Skinner, 67, became McDonald's CEO in November 2004.
Thompson, 48, became President and COO of McDonald's in January 2010. As a 22-year veteran of McDonald's, Thompson began as an electrical engineer in 1990. Since then, he has held a variety of leadership positions in the U.S. business and global system. In addition to serving on McDonald's Board of Directors, Thompson is a member of the Board of Directors of Exelon Corporation and Northwestern Memorial Hospital. He also is a Trustee of his alma mater, Purdue University.
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McDonald's Board of Directors elected current President and Chief Operating Officer Don Thompson to succeed Skinner as CEO, effective July 1, 2012.
Skinner, 67, became McDonald's CEO in November 2004.
Thompson, 48, became President and COO of McDonald's in January 2010. As a 22-year veteran of McDonald's, Thompson began as an electrical engineer in 1990. Since then, he has held a variety of leadership positions in the U.S. business and global system. In addition to serving on McDonald's Board of Directors, Thompson is a member of the Board of Directors of Exelon Corporation and Northwestern Memorial Hospital. He also is a Trustee of his alma mater, Purdue University.
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