Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On
June 27, 2022, McDonald's Corporation(the "Company") announced that Kevin Ozan, Executive Vice President and Chief Financial Officer, notified the Company that he will resign from his role as Chief Financial Officer, effective September 1, 2022. In addition, the Company announced that Mr. Ozanwas appointed to a newly-created role of Senior Executive Vice President, Strategic Initiatives, and that Ian Bordenwas promoted to Executive Vice President and Chief Financial Officer, both effective September 1, 2022. Mr. Borden, 53, currently serves as President - International, a position he has held since January 2020. Prior to that, Mr. Bordenserved as President - International Development Licensed Markets from January 2019to December 2019and as President - Foundational Markets from July 2015to December 2018following financial and functional leadership roles with increasing scope across McDonald's Canada, Ukraine, Russiaand Eastern Europe. Mr. Bordenhas served the Company for nearly 28 years. The Compensation Committee of the Company's Board of Directors intends to review the compensation arrangement with Mr. Bordenprior to the effective date of his appointment as Chief Financial Officer. The Company intends to disclose any material adjustments to Mr. Borden'scompensation in connection with his promotion. Mr. Bordenhas no family relationships with any director, executive officer or person nominated or chosen by the Company to become a director or executive officer of the Company and there are no transactions between Mr. Bordenand the Company that would be required to be reported under Item 404(a) of Regulation S-K.
Item 9.01. Financial Statements and Exhibits.
99.1 Press Release of
Ozan to Senior Executive Vice President, Strategic
Financial Officer and
Marion Grossto Global Chief Supply Chain
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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