Staffing

Rick Lenny to retire from McDonald's board of directors

Adobe Stock

September 5, 2023

Richard "Rick" Lenny will retire from the McDonald's board of directors effective Oct. 31, according to a press release.

Lenny joined the board in 2005 and has served as the chair of the compensation committee since 2019.

"Rick's contributions to McDonald's and its board of directors over the past 18 years have been immeasurable. His business acumen and extensive experience leading major consumer brands have enabled the company to advance countless strategic objectives, and he has cultivated a lasting culture of decorum and camaraderie within our board," Enrique Hernandez, Jr., McDonald's chairman of the board, said in the release. "As chairman of the compensation committee, Rick has helped oversee several important initiatives, including the evolution of the company's executive compensation program to more fully encompass our business and social impact. A founding member of our sustainability and corporate responsibility committee, he has been a steady voice in the development and evolution of McDonald's sustainability strategies."

"Rick is a civic-minded leader with a keen understanding of the challenges facing people and businesses today, and his counsel has been instrumental in helping position the company and our system for long-term growth," Chris Kempczinski, McDonald's president and CEO, said in the release. "We will carry forward Rick's legacy of leadership and community service as we continue to execute against our strategic priorities through our Accelerating the Arches growth plan. We thank him for his unwavering commitment to McDonald's."

"It has been an honor to serve on McDonald's board for the last 18 years, supporting the company as it has successfully navigated an ever-evolving macroeconomic and industry landscape. I am particularly proud of the work we've done to reward our shareholders exceptionally well over the long-term and serve them through sound governance, oversight and an unwavering commitment to doing what's right," Lenny said in the release. "I look forward to cheering on McDonald's success for years to come."

McDonald's operates nearly 40,000 locations in more than 100 countries.