CHICAGO, Oct. 3, 2022
/PRNewswire/ -- McDonald's Corporation (NYSE: MCD) today announced
that its Board of Directors has elected Kareem Daniel as an independent Director of the
Board, effective October 1,
2022.
Kareem Daniel Elected to McDonald's Board
of Directors
Mr. Daniel currently serves as Chairman, Disney Media and
Entertainment Distribution at The Walt Disney Company, where he
leads the organization that delivers Disney's storytelling to fans
and families around the world. In this role, he is responsible for
driving the overall growth and profitability of Disney's global
media businesses, including its streaming services – Disney+,
ESPN+, Hulu, and Star+ – which combined have more than 220 million
subscriptions; its portfolio of linear television channels,
including ABC, ESPN, and FX; its ABC owned-stations; theatrical
film distribution for Disney's entertainment studios; and Disney's
industry-leading advertising sales business.
In more than 15 years at Disney, he has also spearheaded
transformation through leadership roles in Consumer Products,
Games, and Publishing; Walt Disney Imagineering; the Walt Disney
Studios; and Corporate Strategy.
"Kareem is an exceptional leader with a strong track record of
building brands that resonate with audiences globally," said
Enrique Hernandez, Jr., McDonald's
Chairman of the Board. "His dynamic business experience, deep
consumer expertise and proven values-based leadership will be
hugely additive to our Board of Directors and helping to guide the
Company."
"I'm delighted to welcome Kareem to the McDonald's Board of
Directors," said Chris
Kempczinski, McDonald's President and Chief Executive
Officer. "His unparalleled consumer insight and deep experience
creating innovative and immersive experiences for customers at one
of the world's most iconic consumer companies will greatly benefit
McDonald's as we build deeper connections with our
customers."
Previously, Mr. Daniel worked in equity research and investment
banking at Goldman Sachs, where he specialized in technology, media
and entertainment, and telecommunications. He grew up in
Chicago, where he attended Morgan
Park Academy before earning his Bachelor of Science degree in
Electrical Engineering and an MBA from Stanford
University.
His election brings the Board to a total of 15 members, who each
bring unique experiences, qualifications and skills that provide
significant value to McDonald's and its shareholders.
A "Five Things to Know" file with a headshot and quote from
Kareem are embedded within this release
About McDonald's
McDonald's is the world's leading global foodservice retailer with
nearly 40,000 locations in over 100 countries. Approximately 95% of
McDonald's restaurants worldwide are owned and operated by
independent local business owners.
Forward Looking Statements
This document contains forward-looking statements about future
events and circumstances. Generally speaking, any statement not
based upon historical fact is a forward-looking statement. In
particular, statements regarding McDonald's plans, strategies,
prospects and expectations regarding its business and industry are
forward-looking statements. They reflect McDonald's expectations,
are not guarantees of performance and speak only as of the date
hereof. Except as required by law, McDonald's does not undertake to
update such forward-looking statements. You should not rely unduly
on forward-looking statements. McDonald's business results are
subject to a variety of risks, including those that are described
in its Quarterly Report on Form 10-Q for the quarter ended
June 30, 2022 and subsequent filings
with the Securities and Exchange Commission.
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SOURCE McDonald's Corporation