McDonald's Jim Cantalupo Announces Retirement

Apr 30, 2001, 01:00 ET from McDonald's Corporation

    OAK BROOK, Ill., April 30 /PRNewswire/ -- McDonald's Corporation
 (NYSE:   MCD) announced today that Jim Cantalupo, Vice Chairman and President,
 has decided to retire next year after 28 years of remarkable service to the
 company.
     Cantalupo, who took charge of McDonald's International in 1987 when the
 System had nearly 2,350 restaurants outside the United States, will retire
 next spring with the international restaurant count surpassing 15,000 in 120
 countries.
     "Jim Cantalupo has been a driving force and the chief builder for the
 greatest global retail business structure ever developed," said Jack
 Greenberg, Chairman and CEO.  "His achievements at McDonald's are legendary,
 and literally each of the 1.5 million members of the McDonald's family owes
 him a debt of gratitude."
     Cantalupo joined McDonald's as controller in 1974.  He was promoted to
 vice president in 1975 and senior vice president in 1981.  Throughout his
 restaurant operations career, he served as a district manager for the Chicago
 Region, a zone manager for the northeastern United States, Chairman and CEO of
 McDonald's International, and Vice Chairman of McDonald's Corporation.  He was
 appointed to McDonald's Board of Directors in 1987, and in 1999, he was named
 Vice Chairman and President of McDonald's Corporation.
     "In terms of his decision, Jim has been thinking about this retirement
 time frame for some time," Greenberg said.  "I'm very gratified that when I
 asked him to stay on for awhile longer to work through this challenging
 business climate and transition our new leaders, he agreed without
 hesitation."
     Cantalupo said he will spend his time working on transition issues and
 creating strong relationships between the new management team and key company
 partners, franchisees, and suppliers throughout the world.  He will conclude
 his years of service at the 2002 Owner/Operator Convention next Spring.
     "I have accomplished more than I ever could have imagined in my career at
 McDonald's," said Cantalupo.  "And now I'm looking forward to spending more of
 my time mentoring the next generation of McDonald's leadership.  We have a
 great company, with a great future, and I'm extremely proud of the role I've
 played in getting us to this point.  The most rewarding part of my time with
 McDonald's has been the opportunity to work with so many talented men and
 women who will now take McDonald's to even greater heights."
     Cantalupo will stay very active professionally, serving as a director on
 several boards, including McDonald's, Sears Roebuck and Company, Rohm and Haas
 Company, the Chicago Council of Foreign Relations, the Mid-America Committee,
 and World Business Chicago.  He is also a board member and past president of
 the International Federation of the Multiple Sclerosis Society and the
 National Multiple Sclerosis Society - Chicago Chapter, and a trustee of Ronald
 McDonald House Charities.
     "McDonald's has been an incredible chapter in my life.  I've always said I
 had the best job in American business -- taking a great concept like
 McDonald's around the world, and seeing it become the best known brand in the
 world," Cantalupo said.  "Now my family and I are anxious to see how the rest
 of our book unfolds."
     McDonald's is the world's leading and best-known food service retailer
 with about 29,000 restaurants in 120 countries serving 45 million customers
 each day.
 
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SOURCE McDonald's Corporation
    OAK BROOK, Ill., April 30 /PRNewswire/ -- McDonald's Corporation
 (NYSE:   MCD) announced today that Jim Cantalupo, Vice Chairman and President,
 has decided to retire next year after 28 years of remarkable service to the
 company.
     Cantalupo, who took charge of McDonald's International in 1987 when the
 System had nearly 2,350 restaurants outside the United States, will retire
 next spring with the international restaurant count surpassing 15,000 in 120
 countries.
     "Jim Cantalupo has been a driving force and the chief builder for the
 greatest global retail business structure ever developed," said Jack
 Greenberg, Chairman and CEO.  "His achievements at McDonald's are legendary,
 and literally each of the 1.5 million members of the McDonald's family owes
 him a debt of gratitude."
     Cantalupo joined McDonald's as controller in 1974.  He was promoted to
 vice president in 1975 and senior vice president in 1981.  Throughout his
 restaurant operations career, he served as a district manager for the Chicago
 Region, a zone manager for the northeastern United States, Chairman and CEO of
 McDonald's International, and Vice Chairman of McDonald's Corporation.  He was
 appointed to McDonald's Board of Directors in 1987, and in 1999, he was named
 Vice Chairman and President of McDonald's Corporation.
     "In terms of his decision, Jim has been thinking about this retirement
 time frame for some time," Greenberg said.  "I'm very gratified that when I
 asked him to stay on for awhile longer to work through this challenging
 business climate and transition our new leaders, he agreed without
 hesitation."
     Cantalupo said he will spend his time working on transition issues and
 creating strong relationships between the new management team and key company
 partners, franchisees, and suppliers throughout the world.  He will conclude
 his years of service at the 2002 Owner/Operator Convention next Spring.
     "I have accomplished more than I ever could have imagined in my career at
 McDonald's," said Cantalupo.  "And now I'm looking forward to spending more of
 my time mentoring the next generation of McDonald's leadership.  We have a
 great company, with a great future, and I'm extremely proud of the role I've
 played in getting us to this point.  The most rewarding part of my time with
 McDonald's has been the opportunity to work with so many talented men and
 women who will now take McDonald's to even greater heights."
     Cantalupo will stay very active professionally, serving as a director on
 several boards, including McDonald's, Sears Roebuck and Company, Rohm and Haas
 Company, the Chicago Council of Foreign Relations, the Mid-America Committee,
 and World Business Chicago.  He is also a board member and past president of
 the International Federation of the Multiple Sclerosis Society and the
 National Multiple Sclerosis Society - Chicago Chapter, and a trustee of Ronald
 McDonald House Charities.
     "McDonald's has been an incredible chapter in my life.  I've always said I
 had the best job in American business -- taking a great concept like
 McDonald's around the world, and seeing it become the best known brand in the
 world," Cantalupo said.  "Now my family and I are anxious to see how the rest
 of our book unfolds."
     McDonald's is the world's leading and best-known food service retailer
 with about 29,000 restaurants in 120 countries serving 45 million customers
 each day.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X34885461
 
 SOURCE  McDonald's Corporation