In a strategic move, McDonald’s has announced that its current CEO, Chris Kempczinski, will take on the additional role of Chairman. This decision comes as the fast-food giant continues to strengthen its leadership team and drive its global growth strategy.

Kempczinski, who has been serving as McDonald’s CEO since 2019, will succeed Enrique Hernandez Jr., the outgoing Chairman. Hernandez’s retirement comes after a remarkable 28-year tenure on the board. The transition is set to occur at the company’s annual meeting, expected to be held in May.

Kempczinski’s appointment as Chairman reinstates the tradition of McDonald’s CEOs also holding the Chairman position, a practice that was not followed by his immediate predecessors. His leadership and strategic vision have been instrumental in steering McDonald’s through a period of significant change and growth.

In addition to Kempczinski’s appointment, McDonald’s has also nominated Mike Hsu, the Chairman and CEO of Kimberly-Clark Corp., as an independent director on the board. Hsu’s extensive experience in the consumer products industry and his global perspective are expected to provide valuable insights as McDonald’s embarks on a period of unprecedented growth.

These leadership changes come at a time when McDonald’s is planning to open nearly 10,000 restaurants worldwide over the next four years. The company also emphasized its commitment to diversity, stating that the board would maintain its status of 50% or more of its members representing diverse backgrounds.

This strategic reshuffling of leadership roles at McDonald’s signifies the company’s commitment to driving growth and maintaining its position as a global leader in the fast-food industry.