McDonald’s Corporation announces Hubert Lee as the Developmental Licensee for its Taiwan market

Taipei, TAIWAN, 2017-Jun-02 — /EPR Retail News/ — McDonald’s Corporation today (Jun 01, 2017) announced Hubert Lee as the Developmental Licensee (DL) for its Taiwan market. Mr. Lee has a proven track record of business success across different industries including extensive experience in the hospitality industry.

“With today’s announcement in Taiwan, we are one step further to delivering early on our commitment to enhance local brand relevance and our customers’ restaurant experience through the refranchising of 4,000 restaurants around the world,” said McDonald’s President and Chief Executive Officer, Steve Easterbrook.  “By identifying strategic partners who share our values and vision to accelerate our growth and scale across diverse markets, we will drive innovation and make us more relevant to our customers and the communities we serve.”

McDonald’s entered into a Multi Unit Franchise Agreement for the Taiwan market with De Yu Co. Ltd. (De Yu), a consortium of investors led by Mr. Lee, with Mr. Lee holding a 70% controlling stake.  As the new DL, Mr. Lee will be actively involved in the McDonald’s business in Taiwan. Mr. Lee and De Yu assumed ownership of the McDonald’s business in Taiwan on June 1, 2017, including a total of nearly 400 restaurants, more than 90% of which were Company-owned.  Financial terms of the transaction were not disclosed.

Under the DL structure, McDonald’s transferred its ownership interest in McDonald’s Taiwan and granted a license to Mr. Lee to develop and operate the McDonald’s restaurants in this market.  The DL partner will provide the capital necessary to support and grow the business.

“We look forward to partnering with Mr. Lee and his team to take our brand to the next phase in Taiwan,” said Simone Hoyle, Head of McDonald’s Asia Foundational Markets. “Building on our existing brand strengths and high standards, I am confident that together, we will create many exciting opportunities through modernizing our restaurants, enhancing digital consumer engagement, and offering customers even more personalized service and a menu tailored to the local culture.”

Joanna Liu, will continue as Managing Director and will lead the day-to-day management of the Taiwan market. Ms. Liu started as a restaurant supervisor in Taiwan in 1984 and was Chief Operating Officer before she became Managing Director in December 2016.

“I am excited about joining a leading and world-class organization such as McDonald’s and working together with the team across Taiwan to make customer experience even more unique and innovative,” said Hubert Lee.  “I share the McDonald’s vision to delight customers with the taste and quality of our food and offer the highest level of service and convenience.”

Today’s announcement builds on McDonald’s refranchising commitments and will accelerate local ownership, enabling faster decision-making, quicker learning and stronger restaurant growth. With this transaction, McDonald’s is on track to refranchise 4,000 restaurants by the end of 2017, a full year ahead of schedule. Once completed, the company’s global franchised percentage is expected to reach approximately 93%.

About McDonald’s:
McDonald’s is the world’s leading global foodservice retailer with over 36,000 locations in over 100 countries. More than 85% of McDonald’s restaurants worldwide are owned and operated by independent local business men and women.
McDonald’s has successfully utilized the DL ownership structure for more than 30 years in regions throughout the world including more than 80 individual countries with a portfolio of approximately 6,700 restaurants.

Media Contacts:
McDonald’s Communications
Terri Hickey
terri.hickey@us.mcd.com
630-623-5593

Source: McDonald’s Corporation

McDonald’s Corporation announces Lionhorn Pte. Ltd. as the Developmental Licensee for its Malaysia and Singapore markets

OAK BROOK, IL, 2016-Dec-07 — /EPR Retail News/ — McDonald’s Corporation (NYSE: MCD) today (Dec 2, 2016) announced it has selected Lionhorn Pte. Ltd. as the Developmental Licensee (DL) for its Malaysia and Singapore markets. Lionhorn is led by Sheik Fahd and Abdulrahman Alireza, who bring 20 years of experience as the DL for the nearly 100 McDonald’s restaurants in the Western and Southern regions of Saudi Arabia.

“This transaction marks another milestone in our Company’s ongoing efforts to identify strategic partners who share our values and vision to accelerate our growth and scale across diverse markets, drive innovation and place us closer to our customers and the communities we serve,” said McDonald’s President and Chief Executive Officer Steve Easterbrook.

The new DL assumed ownership of the McDonald’s business in Malaysia and Singapore on December 1, 2016, which includes a total of 390 restaurants, more than 80% of which were Company-owned. Financial terms of the transaction were not disclosed.

Under the DL structure, McDonald’s transferred its ownership interest in McDonald’s Malaysia and Singapore and granted a license to the DL to run McDonald’s restaurant operations in these markets. The DL partner will provide the capital necessary to support and grow the business and will pay an initial franchise fee and an ongoing royalty to McDonald’s.

“We are pleased to welcome Sheik Fahd as the Developmental Licensee for our business in Malaysia and Singapore,” said Simone Hoyle, Head of McDonald’s Asia Foundational Markets. “Sheik Fahd and Abdulrahman Alireza’s experience in running great restaurants will create brand excitement for our customers and new opportunities for our people as these markets continue to grow and develop.”

Leading the day-to-day management of the Malaysia and Singapore markets, respectively, will be local operating partners Azmir Jaafar and Kenneth Chan, both of whom previously held senior leadership positions at McDonald’s and together possess over 40 years of experience.

This announcement follows a rigorous evaluation and selection process over the past year. As part of its turnaround plan announced in May of 2015, McDonald’s committed to refranchising 4,000 restaurants by the end of 2018 with the long-term goal of becoming 95 percent franchised. With this transaction, McDonald’s has now refranchised approximately 1,300 restaurants.

About McDonald’s:
McDonald’s is the world’s leading global foodservice retailer with over 36,000 locations in over 100 countries. More than 80% of McDonald’s restaurants worldwide are owned and operated by independent local business men and women.

McDonald’s has successfully utilized the DL ownership structure for more than 30 years in regions throughout the world including more than 70 individual countries with a portfolio of approximately 5,500 restaurants.

About Sheik Fahd and Abdulrahman Alireza:
Sheik Fahd and Abdulrahman Alireza serve as McDonald’s Developmental Licensees in the Western and Southern regions of Saudi Arabia, with nearly 100 restaurants. In their capacity as the McDonald’s DLs, Sheik Fahd and Abdulrahman Alireza were awarded the Golden Arch Award in 2001, the highest recognition for a McDonald’s franchisee in the organization. Abdulrahman currently serves as General Manager of the McDonald’s business in Saudi Arabia.

About Kenneth Chan:
Kenneth Chan will join the Lionhorn DL organization as the operating partner for Singapore/Malaysia and Managing Director (MD) of Singapore. Prior to this, Kenneth served as Division President of China & Greater Asia as well as CEO of Greater China and MD of Singapore with oversight to Malaysia, Korea and Taiwan. His extensive knowledge of both markets and of the McDonald’s system will enable him to drive strong growth for the new DL.

About Azmir Jaafar:
Azmir Jaafar will join the Lionhorn DL organization as operating partner for Malaysia and will continue in his current role as the market’s MD. Previously, Azmir held other significant roles including Chief Development Officer of McDonald’s China and MD of the Company’s Middle East markets. Since his recent return to Malaysia, Azmir has successfully led a turnaround in the business with locally relevant, customer-focused strategies.

CONTACT:

Investors:
Chris Stent
630-623-3801

Media:
Terri Hickey
630-623-5593

Source: McDonald’s

McDonald’s Corporation announces the retirement of Chief Administrative Officer Pete Bensen

OAK BROOK, IL, 2016-Aug-03 — /EPR Retail News/ — McDonald’s Corporation (NYSE:MCD) today announces the retirement of Chief Administrative Officer Pete Bensen after 20 years with the company on September 2, 2016.

“Throughout his career with McDonald’s, Pete has been a strategic partner, a tireless advocate and an influential contributor to our brand’s success,” McDonald’s President and CEO Steve Easterbrook said. “We thank him for his steadfast leadership and his valuable expertise. We know Pete has looked forward to spending more time with his family, and we wish them all the best.”

As a result of Mr. Bensen’s retirement, McDonald’s will announce additional organizational changes in the coming weeks.

“After two decades with McDonald’s, few things mean more to me than this brand, but one of those things is family. I’m proud of the work we’ve done here at McDonald’s and, in particular, over the past 20 months,” Mr. Bensen said. “I look forward to seeing the System go even further and becoming the modern and progressive burger company we all know McDonald’s will be.”

About McDonald’s
McDonald’s is the world’s leading global foodservice retailer with over 36,000 locations in over 100 countries. More than 80% of McDonald’s restaurants worldwide are owned and operated by independent local business men and women.

CONTACT:

Investors:
Chris Stent
630-623-3801

Media:
Terri Hickey
630-623-5593

Source: McDonald’s Corporation

Enrique (“Rick”) Hernandez, Jr. elected non-executive Chairman of McDonald’s Corporation’s Board of Directors

OAK BROOK, IL, 2016-Jun-02 — /EPR Retail News/ — McDonald’s Corporation (NYSE: MCD) Board of Directors today announced that Enrique (“Rick”) Hernandez, Jr. has been elected non-executive Chairman of the company’s Board of Directors following the company’s Annual Shareholders’ Meeting held today. Hernandez, 60, has served on the Board as an independent Director since 1996 and most recently chaired the audit committee. He succeeds Andrew J. McKenna, who retired after 25 years of service as a director and served the last 12 years as chairman of the board. Hernandez is CEO and President of Inter-Con Security Systems, Inc. in Pasadena, Calif.

“Rick has been a tremendous asset to the Board. He provides strong counsel, has a deep knowledge and passion for the Brand and shares our desire to continue delivering long-term value for our shareholders and the McDonald’s system,” said Steve Easterbrook, McDonald’s President and CEO.

“I am delighted to have someone of Rick’s talent and experience, who has served this board so well, now guide it forward,” said McKenna.

Hernandez began his career as a litigation attorney with Brobeck, Phleger, & Harrison in Los Angeles and in 1984 joined Inter-Con Security Systems, Inc. becoming CEO and President in 1986.

Hernandez serves as a Director for Chevron Corporation, Wells Fargo & Company, and Nordstrom, Inc., where last week he concluded ten years of service as chairman. He is also a member of the board of trustees for the University of Notre Dame, and a member of the Harvard College Visiting and Harvard University Resources Committees and The John Randolph Haynes and Dora Haynes Foundation.

Hernandez earned a bachelor’s degree in government and economics from Harvard University and received his law degree from Harvard Law School.

About McDonald’s
McDonald’s is the world’s leading global foodservice retailer with over 36,000 locations in over 100 countries. More than 80% of McDonald’s restaurants worldwide are owned and operated by independent local business men and women.

FOR MORE INFORMATION CONTACT:
Media:
Becca Hary
630-623-7293

Investors:
Chris Stent
630-623-3801

###

Enrique Hernandez, Jr.

Enrique Hernandez, Jr.

McDonald’s Corporation announces the retirement of its Chairman of the Board Andrew J. McKenna

OAK BROOK, IL, 2016-Apr-11 — /EPR Retail News/ — Andrew J. McKenna, Chairman of the Board of McDonald’s Corporation (NYSE: MCD), today announced that he has advised the Board that he has decided not to stand for re-election as a member of the Board at the Company’s Annual Shareholders’ Meeting to be held on May 26. Mr. McKenna has served as a Director for 25 years, and as Chairman for the past 12 years. The Board of Directors announced that it has named Mr. McKenna as Chairman Emeritus following his retirement and will elect a new independent Chairman following the election of Directors by shareholders at the Annual Meeting.

“Andy’s leadership helped guide McDonald’s through some noteworthy highs and some challenging times,” said Miles White, Chairman of the Governance Committee of the Company’s Board of Directors. “We thank Andy for his unwavering commitment and appreciate his willingness to continue sharing his insights with us.”

“Andy’s business integrity is an example for all of us to follow and we are deeply indebted for his tireless dedication and counsel,” said Steve Easterbrook, McDonald’s President and CEO.

“It has been a privilege and honor to be part of McDonald’s growth and expansion throughout the years,” said Mr. McKenna. “I am confident that the Board will continue to deliver on our progress to enhance long-term shareholder value.”

About McDonald’s
McDonald’s is the world’s leading global foodservice retailer with over 36,000 locations in over 100 countries. More than 80% of McDonald’s restaurants worldwide are owned and operated by independent local business men and women.

FOR MORE INFORMATION CONTACT:
Media:
Becca Hary
630-623-7293
Becca.hary@us.mcd.com

Investors:
Chris Stent
630-623-3801
Chris.stent@us.mcd.com

###

Andrew J. McKenna

Andrew J. McKenna

McDonald’s Corporation seeks strategic partners for its future growth plans in Asia

  • Company Seeks Strategic Partners to Add Value in High-Growth Markets: China, Korea and Hong Kong

OAK BROOK, IL and BEIJING, CHINA, 2016-Apr-04 — /EPR Retail News/ — McDonald’s Corporation (NYSE: MCD) today announced its intent to identify strategic partners who will add value and unlock growth potential in key markets throughout Asia to advance the company’s future growth plans. The company is seeking partners who would enhance its competitive advantages and resources to enable localized decisions on growth initiatives and increase capital resources to further invest in restaurant expansion and modernization.

“Asia represents a significant area of opportunity for McDonald’s to blend our global quality standards with local insights and expertise from partners who share our vision and values,” said Steve Easterbrook, McDonald’s President and CEO. “This will allow McDonald’s to accelerate our growth and scale faster across diverse markets placing us closer to our customers and the communities we serve. We’re in the midst of transforming our business and taking a strategic and thoughtful approach to enhance our ability to grow around the world. These actions build on our turnaround efforts and will advance local ownership, enable faster decision-making and achieve restaurant growth.”

China, Hong Kong and Korea collectively represent more than 2,800 restaurant locations, the majority of which are currently company-owned. Those countries are included within the company’s High-Growth Markets, a segment which includes countries with relatively higher restaurant expansion and franchising potential. The company intends to add more than 1,500 restaurants in China, Hong Kong and Korea over the next five years.

As part of a way to advance growth in Asia, the company also recently announced its intent to identify strategic partners in Taiwan and Japan. Last year, McDonald’s committed to strategically evaluate ownership structures in markets around the world with the overall goal of reducing the number of restaurants that the company owns and operates. The result of this will be to place more restaurants under local ownership, in the hands of local franchisees, with a long-term goal of being 95% franchised. The identification of strategic partners in Asia is consistent with this strategy.

ABOUT McDONALD’S
McDonald’s is the world’s leading global foodservice retailer with over 36,000 locations in more than 100 countries. More than 80% of McDonald’s restaurants worldwide are owned and operated by independent local business men and women.

FOR MORE INFORMATION CONTACT:

Media:
Becca Hary
630-623-7293
becca.hary@us.mcd.com

Investors:
Chris Stent
630-623-3801
chris.stent@us.mcd.com

Carolina Flooding: McDonald’s Corporation will donate $75,000 to the American Red Cross for disaster relief efforts

OAK BROOK, Ill., 2015-11-9 — /EPR Retail News/ — McDonald’s Corporation today announced it will donate $75,000 to the American Red Cross for disaster relief efforts related to recent flooding in the Carolinas. The Red Cross estimates it will spend between $5 million and $8.3 million to respond to the historic flooding in the Carolinas.

In addition to the corporate donation, McDonald’s franchisees in the affected areas have provided funds to the Red Cross, as well as food and beverage donations.

For example, in Columbia, S.C., franchisees provided McDonald’s food to displaced residents in three shelters as well as free food and Arch cards to local police, firefighters and other first responders. In Charleston, S.C., franchisees donated $10,000 to the Red Cross and have provided free food and McCafé coffee to first responders.

“Our employees, our neighbors, and our customers are all family, and we support them in every way we can,” said George Sensor, McDonald’s franchisee in Columbia. “We were happy to provide meals and assistance for those affected by the devastating floods. We are so grateful for the first responders and caring volunteers who came together to support our community. Our prayers go out to those impacted.”

About McDonald’s
McDonald’s is the world’s leading global foodservice retailer with over 36,000 locations serving nearly 69 million customers in over 100 countries each day. More than 80% of McDonald’s restaurants worldwide are owned and operated by independent local business men and women.

For More Information
Jeff Mochal, McDonald’s
jeff.mochal@us.mcd.com
630-623-3530