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    Christopher Kempczinski

    President and CEO at McDonald's Corp
    Board
    Since November 2019
    Age
    56 years
    Tenure
    Joined McDonald's in 2015 as Executive Vice President of Strategy, Business Development, and Innovation, was promoted to President of McDonald's USA in 2017, and became President and CEO in November 2019.

    Also at McDonald's Corp

    BR
    Brian Rice
    EVP and Global Chief Information Officer
    CH
    Catherine Hoovel
    SVP and Corporate Controller
    DR
    Desiree Ralls-Morrison
    EVP, Global Chief Legal Officer and Secretary

    About

    Christopher Kempczinski has built a distinguished professional career marked by his steady advancement through leadership roles in one of the world's most recognized names in the quick service restaurant industry. He began his journey at the company in 2015, taking charge of global strategy and innovation as the Executive Vice President of Strategy, Business Development, and Innovation, a role in which he laid the groundwork for subsequent growth initiatives.

    In 2017, he was promoted to President of McDonald's USA, where he was responsible for the operations of approximately 14,000 restaurants across the United States. His leadership during this period not only strengthened the company's U.S. market but also set the stage for a broader, global vision for the business.

    In November 2019, he assumed his current role as President and CEO, spearheading the innovative "Accelerating the Arches" strategy to drive growth and enhance value across the McDonald's system. Although detailed personal background and educational history are not available, his extensive experience and strategic direction have been instrumental in shaping the company's trajectory.

    $MCD Performance Under Christopher Kempczinski

    Past Roles

    OrganizationRoleDate RangeDetails
    McDonald’s Corporation President, McDonald’s USA 2017–2019 Oversaw approximately 14,000 restaurants in the United States
    McDonald’s Corporation Executive Vice President – Strategy, Business Development, and Innovation 2015–2016 Oversaw global strategy, business development, and innovation
    The Kraft-Heinz Company Executive Vice President of Growth Initiatives and President of Kraft International 2014–2015 Led growth initiatives
    The Kraft-Heinz Company President of Kraft Canada 2012–2014 Managed operations in Canada
    The Kraft-Heinz Company Senior Vice President – U.S. Grocery 2008–2012 Oversaw U.S. grocery operations

    External Roles

    OrganizationRoleDate RangeDetails
    The Procter & Gamble Company Board of Directors N/A Current board membership

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$1,417,500 2023Fixed base salary for the year
    Deferred Compensation - Executive Contributions$339,599 2023Executive contributions to deferred compensation plan
    Deferred Compensation - Registrant Contributions$323,828 2023Registrant contributions to deferred compensation plan

    Performance Compensation

    Data from  FY 2023

    STIP (Short-Term Incentive Plan)

    Performance MetricThresholdTargetMaximumAdditional Details
    Operating Income Growth [Unit: %]0% 9.5% 19.7%
    Systemwide Sales Growth [Unit: %]0% 8.3% 16.2%
    New Restaurant Openings [Count]382 449 477
    Human Capital Metrics [Performance Factor]N/A92.7% N/AFocus on diversity in leadership roles
    • Payout Percentage: The STIP was paid at 141.3% of the target amount resulting in a payout of $4,027,620 .
    • Target Basis: The STIP target was set at 200% of salary.
    • Grant Details:
      • Grant Date: February 13, 2023
      • Grant Date Fair Value: $6,500,181
      • Grant Date Stock Price: $266.20 per share
    • Vesting: No vesting schedule applies as the STIP is a cash-based incentive plan.

    PRSUs (Performance-Based Restricted Stock Units)

    MetricWeightThresholdTargetMaximumAdditional Details
    Earnings Per Share (EPS) Growth75% 0.0% 9.0% 13.0% Three-Year Compound Annual Growth
    Return on Invested Capital (ROIC)25% 16.0% 20.0% 24.0% Three-Year Average Annualized ROIC
    TSR ModifierN/A -25% to +25% N/ACap: 100% if absolute TSR negative; up to 200% of target Relative performance vs. S&P 500 Index
    • Vesting: The PRSUs vest on the third anniversary of the grant date (February 13, 2026).
    • Grant Details:
      • Grant Date: February 13, 2023
      • Grant Date Fair Value: $6,500,181
      • Exercise/Stock Price: $266.20 per share
    • Maximum Value at Grant Date: Up to $13,000,362 if highest performance is achieved.

    Long-Term Incentive Award

    This award is a combination of PRSUs and Stock Options.

    PRSUs Component:

    • Details are the same as outlined above under the PRSUs section.

    Stock Options Component:

    DetailValueAdditional Details
    Vesting Schedule25% annually over four years Vesting begins from the grant date
    Grant Date Fair Value$6,500,043
    Grant Date Stock Price$266.20 per share
    • Additional Conditions: The overall award is capped at 200% of the target award with potential adjustments such as dividend equivalents based on PRSU vesting.