McDonald's Announces President, International Lead Markets & Chief Restaurant Officer Doug Goare to Retire
25 September 2018 - 01:00AM
McDonald’s Corporation today announced that President,
International Lead Markets & Chief Restaurant Officer Doug
Goare, 66, will retire after 40 years of service on December 31,
2018.
"Doug has been an important leader whose career at McDonald’s
has spanned multiple continents and his expertise has contributed
greatly to the success of our business today,” McDonald's President
and CEO Steve Easterbrook said. “I have always valued his wise
counsel and his passion for elevating the experience for our
customers and crew. We thank Doug for his steadfast leadership and
wish him all the best in his well-deserved retirement."
In anticipation of Goare’s retirement and with the evolution of
the Company’s business model over the past few years to a more
heavily franchised structure, the Board of Directors approved
several organizational changes to McDonald's global business. These
actions are designed to continue the Company's efforts towards
driving growth as a better McDonald’s through the Velocity Growth
Plan.
Beginning January 1, 2019, McDonald’s will operate under a new
organizational structure with the following global business
segments:
- U.S. – will continue to operate under the
leadership of Chris Kempczinski, 49, President, McDonald’s USA.
- International Operated Markets (IOM) –
comprised of wholly-owned markets, or countries in which the
Company operates restaurants, including Australia, Canada, France,
Germany, Italy, Netherlands, Russia, Spain and the U.K. Joe
Erlinger, 45, will lead this segment as President, International
Operated Markets, and will continue to report to Easterbrook.
- International Developmental Licensed Markets
(IDL) – the remaining markets in the McDonald’s system
will be led by Ian Borden, 50, as President, International
Developmental Licensed Markets. Borden will continue to report to
Easterbrook. Corporate activities will also be reported within this
segment.
“The organisation we created as we were beginning our turnaround
in 2015 helped us make decisions more quickly, act with greater
agility and strengthen the performance of our markets,” said
Easterbrook. “This new organisational structure provides us the
opportunity to continue building on our progress, making sure
McDonald’s remains positioned to run great restaurants and better
serve our customers.”
Upcoming Communications For important news and
information regarding McDonald's, including the timing of future
investor conferences and earnings calls, visit the Investor
Relations section of the Company's Internet home page at
www.investor.mcdonalds.com. McDonald's uses this website as a
primary channel for disclosing key information to its investors,
some of which may contain material and previously non-public
information.
About McDonald’s McDonald’s is the world’s
leading global foodservice retailer with over 37,000 locations in
120 markets around the world. Over 90 percent of McDonald’s
restaurants worldwide are owned and operated by independent local
businessmen and women.
Forward-Looking Statements This release
contains certain forward-looking statements, which reflect
management’s expectations regarding future events and operating
performance and speak only as of the date hereof. These
forward-looking statements involve a number of risks and
uncertainties. The factors that could cause actual results to
differ materially from our expectations are detailed in the
Company’s filings with the Securities and Exchange Commission, such
as its annual and quarterly reports and current reports on Form
8-K. The Company undertakes no obligations to update such
forward-looking statements, except as may otherwise be required by
law.
Contact: Media: Andrea
Abate630-209-7121
Investors: Mike Flores630-623-3519
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