logo
Share SHARE
FONT-SIZE Plus   Neg

McDonald's Names Tim Fenton COO - Quick Facts

McDonald's Corp. (MCD) 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."

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
The month of May saw the FDA greenlight 5 new drugs, including 1 new molecular entity, and surprisingly turn down 1 drug candidate, whose approval was considered a no-brainer by some experts. Lab equipment maker Thermo Fisher Scientific Inc. has agreed to acquire electron microscope maker FEI Co. for about $4.2 billion in cash, the two companies said Friday. Thermo Fisher noted that FEI's electron microscopy platform will complement its own mass spectrometry systems to accelerate advancements in structural biology. While reporting a wider loss for the first quarter, Sears Holdings Corp. said it has decided to "aggressively evaluate" all potential alternatives for its top brands - Kenmore, Craftsman and DieHard or KCD, and the Sears Home Services or SHS businesses. Sears has retained Citigroup Global Markets and LionTree Advisors to assist in its efforts.
comments powered by Disqus
Follow RTT