McDonald’s is reshaping its board, including the exit of a board member recently targeted by activist investor Carl Icahn over
Sheila Penrose, who is retiring, has been a McDonald’s board member for 15 years. She was in charge of the sustainability and corporate responsibility committee.
Billionaire Carl Icahn nominated two alternative board candidates earlier this year in an attempt to force changes at the world’s biggest burger chain over how it
Shareholders resoundingly
McDonald’s, based in Chicago, did not say why Penrose is retiring now but it lauded her contributions to the company.
“She’s helped to spearhead our sustainability efforts and advocated on behalf of the larger role that McDonald’s plays in communities around the world,” said CEO Chris Kempczinski. “I will miss her.”
In addition to the departure of Penrose, McDonald’s is adding three new board members.
Tony Capuano, CEO of Marriott International; Jennifer Taubert, executive vice president and worldwide chairman, pharmaceuticals at Johnson & Johnson; and Amy Weaver, president and chief financial officer at Salesforce, will join the board on Oct. 1, a day after Penrose retires.
Source Link: https://nypost.com/2022/08/22/mcdonalds-reshapes-board-as-director-sheila-penrose-retires/