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McDonald's Nabs Pepsi Executive to Lead ESG Efforts

Customers enter a McDonalds Corp. restaurant in Munich, Germany.

Customers enter a McDonalds Corp. restaurant in Munich, Germany.

Photographer: Krisztian Bocsi/Bloomberg

McDonald’s Corp. is hiring an executive from PepsiCo Inc. as its new head of sustainability and government relations as the fast-food chain looks to improve its image and increase diversity.

Jon Banner, who oversaw communications at PepsiCo, is joining Chicago-based McDonald’s as executive vice president and global chief impact officer as of Sept. 6, according to the company. He will report to to Chief Executive Officer Chris Kempczinski.