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Mats Lederhausen Named President McDonald's Business Development

Jan 9, 2003

McDonald's (NYSE: MCD) Chairman and Chief Executive Officer Jim Cantalupo continued to build his management team with the appointment today of Mats Lederhausen as President of McDonald's Business Development Group.

Lederhausen will report to Jim Skinner, Vice Chairman of McDonald's Corporation.

In naming Lederhausen to this newly created position, Cantalupo is bringing together for the first time all of McDonald's business growth initiatives under one point of focus and leadership. Lederhausen will oversee Worldwide Menu Management, Worldwide Restaurant Development and the company's R & D restaurant concepts. He will also oversee the Partner Brands and other initiatives aimed at expanding McDonald's reach to customers.

"No other company is as well positioned around the world as McDonald's to serve more customers, more often and in more ways. Mats and his team will bring to life our 'meal occasion' growth strategy," said Cantalupo. "Mats will report to Jim Skinner, and they will work together to align and focus all our staff efforts to support our restaurant business growth."

Lederhausen, 39, has lifelong experience at McDonald's, starting as crew in 1979 in his native Sweden. He was a Joint Venture Partner in Sweden from 1994 to 1999, leading a successful expansion of the Swedish business. Before being named to his new position, Lederhausen was Executive Vice President, Strategy and Business Development for McDonald's Corporation. In that capacity, he helped lead McDonald's in the areas of innovation, strategic planning and social responsibility. Prior to joining McDonald's, Mats worked for the Boston Consulting Group in London.

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SOURCE: McDonald's Corporation

CONTACT: Walt Riker, +1-630-623-7318, or Lisa Howard, +1-630-623-5044,
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