McDonald's International

New Chief Financial Officer in the fall

Ian Borden will be the new CFO at McDonald's.
Ian Borden will be the new CFO at McDonald's.

McDonald's has appointed a new chief financial officer (CFO). Ian Borden will succeed Kevin Ozan on Sept. 1, McDonald's CEO Chris Kempczinski announced. Ozan, chief financial officer (CFO) since 2015, will assume the role of vice-president of strategic initiatives at the group and will retire in mid-2023.

Kevin Ozan took up his job as CFO in March 2015. He has been with the company since 1997. "Kevin leads with an incredible combination of head and heart. He's helped guide our System through so much the last seven years – from onboarding two CEOs, to navigating through COVID, dealing with activist investors and, most recently, our exit from the Russian market," Kempzinski writes of the outgoing CFO. "I remember meeting Kevin when I first joined McDonald's. I was struck by his dedication to the System, his low ego, and unflappable judgment. I joked with Kevin that he was the 'nicest CFO' I'd ever met, and yet Kevin still set the highest standards for himself and his team," Kempzinski recalls of the working relationship.

Ozan's successor will be Ian Borden, currently President International and already with McDonald's since 1994. During his long career, he has already gained experience as CFO for the Asia-Pacific, Middle East and Africa regions and as CFO for Russia and Eastern Europe. Kempzinski describes Borden as "a values-based leader with a tremendous amount of System knowledge"

Global chief supply chain officer retires

Kempzinski further announced that Francesca DeBiase, who was also appointed Global Chief Supply Chain Officer in March 2015, will retire on September 1. DeBiase had been with McDonald's since 1991. She will be succeeded by Marion Gross, previously chief supply chain officer North America.

In other personnel news, Katie Fallon, McDonald's first chief global impact officer will leave the company July 15. Her duties will be assumed on an interim basis by Kevin Ozan.