McD’s CEO, Chris Kempczinks will now serve as Chairman

The burger chain McDonald’s announced on Tuesday that its CEO, Chris Kempczinksi, will take over as Chairman of the company’s Board this spring. He will replace Enrique Hernandez Jr., who is retiring after serving on the McDonald’s Board for 28 years. The transition is scheduled to occur during the company’s annual meeting, anticipated to take place in May.

Traditionally, McDonald’s CEOs have simultaneously served as Chairman.

Joining McDonald’s in 2015, Kempczinski brought over 25 years of experience from Procter & Gamble, PepsiCo, and Kraft. Hernandez expressed confidence in Kempczinski’s ability to balance both roles.

The company also announced Mike Hsu, chairman and CEO of Kimberly-Clark Corp., as an Independent Director. Kempczinski highlighted Hsu’s global experience, which is crucial for McDonald’s ambitious growth plans. In December, McDonald’s disclosed plans to open nearly 10,000 restaurants worldwide in the next four years. They also emphasised Hsu’s role in promoting diversity on the Board.