McDonald’s Adds Three New Directors to Board

McDonald’s has warned that the business outlook remains uncertain amid inflation and weakening consumer sentiment.


Justin Sullivan/Getty Images

McDonald’s Corp.

MCD -1.35%

is shaking up its board of directors with the departure of longtime member

Sheila Penrose

and the addition of executives from

Marriott International Inc.,

MAR -2.14%

Johnson & Johnson


Salesforce Inc.

Ms. Penrose, who leads the board’s sustainability and corporate responsibility committee, will retire from the board effective Sept. 30, the fast-food chain said Monday. She has served on the board since 2006.

Ms. Penrose’s departure comes months after her seat on the McDonald’s board was challenged by activist investor

Carl Icahn,

who criticized the fast-food chain over its suppliers’ treatment of pregnant pigs. At the time, Mr. Icahn also targeted a seat held by

Richard Lenny,

the former chief executive of

Hershey Co.

McDonald’s Chairman

Enrique Hernandez Jr.

said Monday that Ms. Penrose has overseen the company’s progress on climate, responsible sourcing and diversity, equity and inclusion goals.

McDonald’s said it has elected Marriott CEO

Tony Capuano,

J&J Worldwide Chair of Pharmaceuticals

Jennifer Taubert

and Salesforce Chief Financial Officer

Amy Weaver

to the board effective Oct. 1.

The new additions increase the size of the board to 14, and increase the number of women on the board from three, including Ms. Penrose, to four.

The additions to the McDonald’s board include Marriott’s Tony Capuano; J&J’s Jennifer Taubert, center; and Salesforce’s Amy Weaver.


(L-r) Jason Alden/Bloomberg News; Jacquelyn Martin/Associated Press; Salesforce

The move also comes after executives warned last month that the business outlook remains uncertain amid inflation and weakening consumer sentiment.

McDonald’s said last month that for the recently ended quarter, higher prices and value-menu offerings pushed same-store sales up 3.7% in the U.S. from a year earlier, outpacing analysts’ expectations. Overall revenue, though, fell 3%, mostly because of the stronger U.S. dollar.

Write to Will Feuer at

Copyright ©2022 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Appeared in the August 23, 2022, print edition as ‘McDonald’s Shakes Up Board and Increases Its Size.’

Leave a Reply

Your email address will not be published.

%d bloggers like this: