NEW YORK, Aug 22 (Reuters) – McDonald’s Corp (MCD.N) has amended its board, the fast-food chain mentioned on Monday, and the director being changed had been focused by activist investor Carl Icahn who sought to tighten the corporate’s animal welfare insurance policies.
Sheila Penrose, who will retire efficient Sept. 1, was one in all two incumbent board members Icahn sought to interchange together with his personal nominees. In Might, buyers reelected all 12 of McDonald’s administrators, together with Penrose, handing Icahn a loss in that battle over the remedy of pregnant pigs by pork suppliers. learn extra
Days after dropping that battle, Icahn ended an analogous effort focusing on grocery store chain Kroger Co (KR.N) over the way in which meat producers confine pregnant pigs to crates. learn extra
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Penrose, who was a McDonald’s director for 15 years, led the board’s sustainablity and company duty efforts, the corporate mentioned in an announcement.
Buyers have additionally criticized the Chicago-based firm for having too many administrators who’ve served for too lengthy. Chairman Enrique Hernandez has been on the board since 1996, as an illustration.
On Monday, McDonald’s mentioned it elected three new board members: Marriott Worldwide Inc (MAR.O) Chief Govt Officer Anthony Capuano, Johnson & Johnson (JNJ.N) Govt Vice President Jennifer Taubert and Salesforce.com Inc (CRM.N) Chief Monetary Officer Amy Weaver. Their tenures start Oct. 1.
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Enhancing by David Gregorio
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