McDonald's CEO will become chairman of the company's board later this spring, the burger chain said Tuesday.
Chris Kempczinksi, who was named McDonald's president and CEO in late 2019, will succeed McDonald's Chairman Enrique Hernandez Jr., who is retiring after 28 years on the Chicago company's board. The transition will happen at the company's annual meeting, which is expected to be held in May.
Historically, McDonald's CEOs have also held the position of chairman. Jim Skinner was McDonald's vice chairman and CEO from 2004-2012, for example.
But the company's subsequent CEOs broke that pattern. Don Thompson served as president and CEO from 2012-2015, while Steve Easterbrook was president and CEO from 2015-2019. Kempczinski took over as president and CEO after Easterbrook was fired for having a non-physical, consensual relationship with an employee.
Kempczinski joined McDonald's in 2015 as executive vice president of More