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McDonald's Corporation is a global leader in the fast-food industry, primarily franchising and operating restaurants in over 100 countries . The company offers a locally relevant menu of quality food and beverages, including hamburgers, cheeseburgers, chicken sandwiches, fries, and breakfast items like the Egg McMuffin . McDonald's generates revenue from sales at company-operated restaurants and fees from franchised restaurants, which include rent and royalties . The heavily franchised business model ensures stable and predictable revenue streams .
- U.S. Segment - Operates and franchises McDonald's restaurants in the United States, offering a menu tailored to American tastes.
- International Operated Markets - Manages company-operated and franchised restaurants in various international markets, adapting the menu to local preferences.
- International Developmental Licensed Markets & Corporate - Oversees restaurants in regions where McDonald's operates under developmental licenses or affiliate structures, focusing on strategic growth and corporate functions.
- Menu Offerings - Features a diverse range of food items, including iconic products like the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McCafé beverages, with variations to suit local tastes.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Christopher Kempczinski ExecutiveBoard | President and CEO | Board Member at Procter & Gamble Company | Joined MCD in 2015; became CEO in 2019. Architect of the "Accelerating the Arches" strategy. Previously held leadership roles at Kraft-Heinz. | View Report → |
Brian Rice Executive | EVP and Global Chief Information Officer | None | Joined MCD in 2022. Previously CIO at Cardinal Health and Kellogg Company. | |
Catherine Hoovel Executive | SVP and Corporate Controller | None | With MCD for 27 years. Announced retirement effective October 1, 2024. | |
Desiree Ralls-Morrison Executive | EVP, Global Chief Legal Officer and Secretary | None | Joined MCD in 2021. Previously General Counsel at Boston Scientific. | |
Heidi Capozzi Executive | EVP and Global Chief People Officer | None | Joined MCD in 2020. Previously SVP of HR at Boeing. | |
Ian Borden Executive | EVP and Global CFO | None | With MCD for 29 years. Previously President of International Operated Markets. Appointed Global CFO in 2022. | |
Jill McDonald Executive | EVP and President, International Operated Markets | None | Rejoined MCD in 2022. Previously CEO of Costa Coffee and held leadership roles at Marks & Spencer. | |
Jonathan Banner Executive | EVP and Chief Global Impact Officer | None | Joined MCD in 2022. Previously EVP of Communications at PepsiCo. | |
Joseph Erlinger Executive | President, McDonald’s USA | None | With MCD for 20+ years. President of McDonald’s USA since 2019. Previously President of International Operated Markets. | |
Manu Steijaert Executive | EVP and Global Chief Customer Officer | None | With MCD since 2001. Leads customer experience initiatives globally. Appointed Global Chief Customer Officer in 2021. | |
Marion Gross Executive | EVP and Global Chief Supply Chain Officer | None | With MCD for nearly 30 years. Oversees global supply chain operations. Appointed Global Chief Supply Chain Officer in 2022. | |
Morgan Flatley Executive | EVP, Global Chief Marketing Officer and New Business Ventures | None | Joined MCD in 2017. Leads marketing and new business ventures. Previously held marketing roles at PepsiCo. | |
Amy Weaver Board | Board Member | President and CFO of Salesforce, Inc. | Joined MCD Board in 2023. President and CFO of Salesforce. Expertise in finance, legal, and digital transformation. | |
Catherine Engelbert Board | Board Member | Commissioner of the WNBA; Board Member at Royalty Pharma plc | Joined MCD Board in 2019. Commissioner of the WNBA since 2019. Chair of the Audit & Finance Committee. | |
Kareem Daniel Board | Board Member | None | Joined MCD Board in 2022. Previously Chairman of Disney Media & Entertainment Distribution. | |
Lloyd Dean Board | Board Member | Board Member at Golden Arrow Merger Corp. and Progyny, Inc.; Chief Executive Emeritus at CommonSpirit Health | Joined MCD Board in 2016. Former CEO of CommonSpirit Health. Chair of the Compensation Committee. | |
Margaret Georgiadis Board | Board Member | CEO of Montai Health; CEO-Partner at Flagship Pioneering; Managing Partner at Synetro Group; Board Member at AppLovin Corporation | Joined MCD Board in 2015. Former CEO of Mattel and Ancestry. Brings expertise in strategy, finance, and technology. | |
Michael Hsu Board | Board Member | Chairman and CEO of Kimberly-Clark Corporation | Joined MCD Board in 2023. CEO of Kimberly-Clark since 2019. Expertise in consumer products and global supply chain. | |
Miles White Board | Board Member | Former Executive Chairman of Abbott Laboratories | Joined MCD Board in 2009. Chair of the Governance Committee. Former CEO of Abbott Laboratories. | |
Paul Walsh Board | Board Member | Executive Chairman of McLaren Group; Non-Executive Chairman of Chime Communications; Advisor at L.E.K. Consulting and TPG Capital; Director at FedEx Corporation | Joined MCD Board in 2009. Former CEO of Diageo. Chair of the Sustainability & Corporate Responsibility Committee. |
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Given the negative global comp sales in the third quarter and the challenging industry environment, what specific strategies are you implementing to drive sustainable guest count-led growth internationally, and how confident are you in their execution? , ,
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With the recent E.coli incident affecting consumer confidence and causing negative sales trends in the U.S., what measures are you taking to restore trust and ensure food safety moving forward, and how might this impact your marketing and advertising strategies? , ,
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The $5 Meal Deal has driven traffic and improved value perceptions in the U.S., but how sustainable is this approach for franchisee profitability, and do you anticipate needing to adjust your value offerings in response to margin pressures? , ,
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In international markets like France and the U.K., you've faced challenges with value and affordability leading to negative comp sales; how will you address these issues, and can successful strategies from the U.S. be effectively applied internationally? , ,
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Considering the contraction in the QSR industry and pressures on lower-income consumers, how do you plan to balance offering compelling value propositions with maintaining franchisee profitability, especially amid rising costs and potential margin impacts? , ,
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Alonyal Limited | 2024 | Completed acquisition by McDonald’s on July 2, 2024, which brought in 228 restaurants in Israel. The deal shifted the operational model to direct ownership—leading to the consolidation of financial statements and conversion of revenue reporting from franchise royalties to company-owned sales, with net pre-tax transaction costs of $142M incurred and asset allocation expected to be finalized by Q3 2024. |
Recent press releases and 8-K filings for MCD.
- Consolidated revenues declined by 3% to $5,956 million (2% in constant currencies)
- Operating income fell to $2,648 million, a 3% decline impacted by restructuring charges of $66 million (up from $35 million)
- Global comparable sales declined by 1% in Q1 2025, with U.S. sales down 3.6% amid consumer challenges and International Developmental Licensed Markets up 3.5%
- Diluted EPS was reported at $2.60, down 2% reflecting pre-tax restructuring charges
- The company launched the McValue platform featuring a $5 meal deal that resonated well with customers
- Signature marketing initiatives, including the Minecraft promotion and the launch of Crispy Chicken strips, drove strong consumer response and improved guest counts
- Despite industry headwinds and softer consumer traffic, management remains focused on continuous menu innovation and robust operational execution
- McDonald's Corporation announced key changes to its senior management on March 10, 2025 by appointing Gillian (Jill) McDonald as Executive Vice President – Global Chief Restaurant Experience Officer.
- Jill McDonald will transition from her current role as Executive Vice President – President, International Operated Markets with an expected separation on or about May 1, 2025, while Manuel JM Steijaert is set to replace her in that role.