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Jim Skinner Named President and Chief Operating Officer of McDonald's Worldwide Restaurant Group

Jan 21, 2002

Jack M. Greenberg, Chairman and Chief Executive Officer of McDonald's Corporation (NYSE: MCD), today promoted Jim Skinner to the position of President and Chief Operating Officer of the McDonald's Restaurant Group, with operating accountability for the company's more than 29,000 hamburger restaurants in 121 countries. He will report directly to Greenberg.

"Jim Skinner has 31 years of invaluable global operations experience, and has a unique understanding of our customers and restaurants. At the same time, he is a respected international business executive who has successfully led McDonald's restaurant teams in every corner of the world. He is tough, fair and decisive, and completely deserving of these new responsibilities," said Greenberg.

"In elevating Jim to this new position, we are emphasizing the importance of a single line of leadership to keep our global management teams focused on our critical business objectives, and recognizing Jim's unique ability to get the job done. This global alignment translates to a relentless focus on the hallmarks of McDonald's -- quality, service, cleanliness and value, and continued business growth."

Prior to his promotion, Skinner served as President and Chief Operating Officer of the Europe, Asia/Pacific and Middle East restaurant operating groups.

As part of this management change, Alan Feldman, who agreed last year to remain at McDonald's through the completion of the U.S. reorganization, has resigned as President and Chief Operating Officer of The Americas to pursue other career opportunities.

"We appreciate Alan's leadership in the U.S. business, and most recently in Latin America and Canada. He has made many significant contributions to McDonald's and we wish him well," said Greenberg.

Under this single line of leadership for McDonald's core hamburger business, the company's key geographic presidents -- Claire Babrowski in Asia/Pacific and the Middle East, Charlie Bell in Europe, Pat Donahue in Canada, Mike Roberts in the United States, and Ed Sanchez in Latin America -- will now report to Skinner.

"I'm honored to take on this important responsibility, and excited to partner with the outstanding executives who lead our geographic businesses," Skinner said. "Together, we will lead through action -- the kind of action that promotes customer satisfaction, builds brand loyalty, and grows the McDonald's system. We have one of the greatest brands in the world, and we will stay completely focused on growing our business for the benefit of our customers, our shareholders, and our McDonald's family."

Skinner joined McDonald's in 1971 as a restaurant manager trainee, and proceeded to serve in a number of U.S. operations roles, including director of field operations, market manager, regional vice president, and zone vice president. In 1992, he joined McDonald's International, where he oversaw development of Central Europe, the Middle East and Africa, and in 1997 was named President of the Europe Group.

"Jim is a great example of the kind of depth and experience that exists in our management team around the world," said Greenberg. "I'm confident he will have an immediate impact in his new role."

A native of Davenport, Iowa, Skinner and his wife, Kathleen, have one daughter.



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