McDonald’s Announces Changes to Board of Directors; Enrique “Rick” Hernandez, Jr., Retires After a Distinguished 28 Years on the Board, Including Eight Years As Chairman

Chris Kempczinski to Assume Combined Role of Chief Executive Officer and Chairman of the Board and Miles White to Assume the Role of Lead Independent Director

Mike Hsu, Kimberly-Clark, Nominated to the Board, Brings More Than 30 Years of Consumer Products Experience

CHICAGO, March 19, 2024 /PRNewswire/ — McDonald’s Corporation (NYSE: MCD) today announced the retirement of Enrique “Rick” Hernandez, Jr. as non-executive Chairman of the company’s Board of Directors, effective as of the date of the Company’s 2024 Annual Shareholders’ Meeting. Following Rick’s retirement, Chris Kempczinski will assume the combined role of Chief Executive Officer and Chairman of the Board, and Miles White will assume the role of Lead Independent Director.