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Walmart Nominates McDonald's CEO to Board

Walmart Nominates McDonald's CEO to Board



BENTONVILLE, AR - This week, Walmart announced it is reshuffling the members of its Board as Instagram Founder Kevin Systrom leaves. According to Bloomberg, Walmart has nominated McDonald’s Chief Executive Officer Steve Easterbrook as it looks to bolster its board with advisors who have experience abroad.

Steve Easterbrook, Chief Executive Officer, McDonald'sJoining McDonald’s in 1993, Easterbrook worked his way up from a financial reporting manager to run its European operations. After leaving McDonald’s in 2011 to run U.K. chains Pizza Express and Wagamama, Easterbrook returned to McDonald’s in 2013, becoming CEO in 2015.

Easterbrook has led major initiatives by McDonald's to incorporate more fresh ingredients and offer healthier alternatives, having previously commented on a desire to use the company's scale to provide better options to consumers.

After four years on Walmart’s Board, a regulatory filing released last week announced Systrom is departing to prioritize work and his other outside commitments and will be replaced by Easterbrook.

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Walmart’s Lead Independent Director James Cash is also retiring from the board after 12 years, with existing Director and former Head of American Airlines Thomas Horton replacing him.

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