mcdonald's corp (MCD) Key Developments
McDonald's Signs Second Franchising Deal with GiD Llc
Aug 21 15
McDonald's signed a second franchising deal in Russia, allowing it to expand to remote regions in Siberia. Under the terms of the agreement GiD Llc will launch up to 20 restaurants in the Altai, Kemerovo, Novosibirsk, and Tomsk regions.
McDonald's Strikes First Major Franchise Deal in Russia
Aug 21 15
McDonald's has entered in its first franchise agreement in 25 years of operations in Russia. The fast food giant intends to scale up its footprint in Siberia. The U.S. corporation concluded the agreement with an affiliated company of Inrusinvest. Investments in the project will total RUB 3 billion. The agreement was signed with GiD LLC. The franchisee will open McDonald's restaurants in the Kemerovo, Novosibirsk, Tomsk, Altai and other regions. Specifically, one restaurant should open in each of the cities of Kemerovo, Tomsk, and Novosibirsk by the end of 2015. Next year, the franchisee plans to open seven restaurants. A total of 20 restaurants are expected to be launched under the franchise agreement. Until recently only one McDonald's outlet was opened under a franchise arrangement in Russia. It is located in St. Petersburg's airport of Pulkovo.
McDonald's Corp. Announces Retirement of Roger W. Stone from the Board of Directors
Aug 13 15
On August 10, 2015, Roger W. Stone retired from the Board of Directors of McDonald's Corp. due to health reasons. In light of Mr. Stone's retirement, the board reduced the size of the board by one to a total of 14 Directors.
McDonald's Announces Availability of New Premium Hamburger
Aug 11 15
McDonald's announced the availability of a new premium hamburger—the Mighty Angus™—the first new premium burger the Company has added to its permanent menu since 2012. The 100% pure Angus beef from Canadian farms offers an authentic taste experience for burger lovers at an affordable price. The recipe was created with help from Canadian consumer taste-testers to get it just right. The Mighty Angus is made with carefully selected, juicy, tender cuts of 100% pure Angus beef proudly sourced from Canadian farms enhanced with a smoky Angus sauce, and topped with hickory smoked bacon pieces, crisp leaf lettuce, tomato, processed cheddar cheese and grilled onions, all served on a sesame and poppy seed bun.
McDonald's Corp. Announces Board Appointments
Aug 7 15
McDonald's Corporation announced its Board of Directors elected Lloyd Dean and John Mulligan as Directors of the company, effective August 3. Dean is President and CEO of Dignity Health, where he is responsible for the overall management of Dignity
Health's hospitals, home health care and medical group foundations. Since becoming CEO at Dignity Health in 2000. Mich.
Mulligan is Executive Vice President and Chief Financial Officer at Target, where he leads financial and retail services, which include the company's credit card operations. Mulligan joined Target in 1996 as a Financial Analyst, and during his tenure held key leadership positions in finance, human resources and with Target.com.