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4/16/2012 1:50 PM ET

McDonald's Corp. (MCD: Quote) Monday said it appointed Tim Fenton, currently President of McDonald's Asia, Pacific, Middle East and Africa, as Chief Operating Officer, effective July 1, 2012.

Fenton, 54, was elected by the McDonald's Board upon the recommendation of Chief Executive Jim Skinner and CEO-Elect Don Thompson.

As previously announced, current COO Thompson will become President and Chief Executive Officer on July 1, 2012, following the retirement of Jim Skinner.

"Tim is one of our most seasoned global leaders and has done a remarkable job growing our international business," said Skinner. "He has extensive experience, knowledge and passion for our brand and has been an integral part of McDonald's global success."

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