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McDonald’s board adds three new directors in shake-up

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McDonald’s has raised the price of its cheeseburgers in the U.K. for the first time in 14 years.
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McDonald’s board is gaining three new members and losing one long-time director.

Sheila Penrose, who leads the board’s sustainability and corporate responsibility committee, will retire on Sept. 30 after 16 years on the fast-food giant’s board. Earlier this year, billionaire Carl Icahn targeted her seat in his unsuccessful proxy fight with McDonald’s over animal welfare, but she handily survived the challenge.

In a statement Monday, Enrique Hernandez, Jr., chairman of McDonald’s board, praised Penrose for overseeing the company’s progress on its climate, responsible sourcing and diversity, equity and inclusion targets.

The board elected three new members: Tony Capuano, Jennifer Taubert and Amy Weaver, who will take their seats on Oct. 1. The shakeup brings the total number of directors to 14 and doubles the number of female members.

Capuano is the CEO of Marriott International, a position that has given him experience working with franchisees. He’s also a member of the Business Roundtable.

Weaver has been the chief financial officer of Salesforce since 2021. Prior to that role, she served as the company’s chief legal officer. McDonald’s highlighted her digital experience as well, with previous experience working at Expedia.

Taubert serves as the executive vice president and worldwide chairman of pharmaceuticals for Johnson & Johnson. Before working at Johnson & Johnson, she worked for rival pharmaceutical giants Merck and Allergan.

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