McDonald’s Promotes Trio of Longtime Leaders to VP Roles  

McDonald’s announced a series of leadership changes today, including promoting three longtime executives to vice president roles.

Kevin Ozan, who has been with McDonald’s since 1997 and has served as CFO since March 2015, is being promoted to the newly created role of senior executive vice president, strategic initiatives.

In this role, he will continue to lead the strategy team and spearhead strategic initiatives, while partnering with CEO Chris Kempczinski and the senior leadership team. He plans to retire from McDonald’s by mid-2023.

With this move, Ian Borden, a 30-year system veteran and current president of international, will serve as executive vice president and CFO. He has previously served as CFO for Asia-Pacific, Middle East and Africa region and CFO for Russia and Eastern Europe.

In addition, Francesca DeBiase, global chief supply chain officer, announced she will retire after 30 years with the brand on Aug. 31. She will be succeeded by another longtime executive, Marion Gross, current chief supply chain officer of North America. Gross will assume the role of executive vice president, global chief supply chain officer.

Finally, Katie Fallon, who has served as McDonald’s first chief global impact officer, is leaving the company on July 15.

The executive promotions are effective Sept. 1, and McDonald’s says it will name Gross’ successor before then. While the search for Fallon’s successor begins, Ozan will oversee the global impact team.