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

Editors Pick
Retailers could see record web traffic this year as more consumers then ever before plan to shop online, according to Deloitte's 31st annual holiday survey of consumer spending intentions and trends. The survey found that holiday shoppers this year plan to spend just as much as online as they spend in brick and mortar stores. Oil giant Chevron Corp. on Friday reported a 37 percent decline in profit for the third quarter from last year, reflecting lower oil prices and weak refining margins. However, both revenue and earnings per share for the quarter beat analysts' estimates. In addition, the company raised its quarterly dividend. Mastercard Inc. (MA) reported a profit for the third quarter of 2016 that increased about 21 percent from the year-ago period, while it was up 15% excluding a special item related to the termination of the U.S. employee pension plan taken in last year's third quarter. Both earnings per share and revenue for the quarter beat analysts' expectations.
comments powered by Disqus
Follow RTT