McDonald’s says CEO Jim Skinner retiring

March 22 2012 18:05:13

McDonald’s says CEO Jim Skinner retiring

OAK BROOK, Illinois - The Associated Press

McDonald’s said on March 21 that CEO Jim Skinner will retire later this year and be succeeded by the company’s president, a 22-year veteran at the world’s biggest hamburger chain. Skinner, 67, will step on June 30 after 41 years with McDonald’s, which is headquartered in Oak Brook, Illinois. He was named CEO in 2004. Donald Thompson, 48, will take over the helm July 1, the company said. Thompson is currently responsible for strategy and operations.

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