8-KLeadership ChangesOther EventsExhibits & Filings

MCDONALDS CORP 8-K Report, Executive Changes (Nov 19, 2007)

Filed November 19, 2007For Securities:MCD

Summary

This 8-K filing from McDonald's Corporation on November 19, 2007, primarily announces a significant change in its financial leadership. Matthew Paull, the current Senior Executive Vice President and Chief Financial Officer, will step down from his executive role on December 31, 2007, and retire from the company by February 28, 2008. Following Mr. Paull's departure, Peter J. Bensen, currently Senior Vice President and Corporate Controller, will assume the role of Executive Vice President and Chief Financial Officer, effective January 1, 2008. The filing also notes an investor release regarding a webcast presentation and the company's "Plan to Win" initiative, signaling a focus on strategic direction and future success.

Key Highlights

  • 1Matthew Paull, CFO, to step down on December 31, 2007, and retire by February 28, 2008.
  • 2Peter J. Bensen appointed as new Executive Vice President and Chief Financial Officer, effective January 1, 2008.
  • 3Mr. Bensen, 45, has extensive experience within McDonald's, serving as Senior Vice President and Corporate Controller since April 2007 and holding prior roles in financial management.
  • 4The company issued an Investor Release regarding a webcast presentation for investors.
  • 5An accompanying Investor Release highlights McDonald's "Plan to Win" initiative, positioning the company for future success.
  • 6The filing includes press releases detailing the CFO transition and the investor presentation as exhibits.

Frequently Asked Questions

Peter J. Bensen will succeed Matthew Paull as Executive Vice President and Chief Financial Officer, effective January 1, 2008. Mr. Paull will retire from McDonald's on or about February 28, 2008.

Peter J. Bensen has been with McDonald's for 11 years. He has served as Senior Vice President and Corporate Controller since April 2007 and previously held the position of Corporate Vice President – Assistant Controller from February 2002 to March 2007. He is 45 years old.

The filing also announces an Investor Release concerning a webcast presentation for investors. This release, along with a press release detailing Mr. Bensen's appointment, are included as exhibits, and highlight the company's "Plan to Win" initiative for future success.