South Korean Court Clears Korea Zinc’s $7.4 Billion U.S. Smelter Project, Shares Surge 
Eli Lilly and Novo Nordisk Battle for India’s Fast-Growing Obesity Drug Market 
Novo Nordisk Stock Surges After FDA Approves Wegovy Pill for Weight Loss 
California DMV Proposes New Safety Rules for Autonomous Vehicles After Waymo Incidents 
U.S. Stocks Hold Steady After Christmas as Trading Volumes Stay Light 
Taiwan Stock Market Ends Higher as Semiconductor and Energy Shares Lead Gains 
Nvidia to Acquire Groq in $20 Billion Deal to Boost AI Chip Dominance 
John Carreyrou Sues Major AI Firms Over Alleged Copyrighted Book Use in AI Training 
Asian Stocks and Gold Rally as Investors Chase Year-End Gains Amid Dollar Weakness 
DOJ Reaches Settlement With Blackstone’s LivCor Over Alleged Rent Price-Fixing 
Hanwha Signals Readiness to Build Nuclear-Powered Submarines at Philly Shipyard for U.S. Navy 
Warner Bros Discovery Weighs Amended Paramount Skydance Bid as Netflix Takeover Battle Intensifies 
Japan Revises Economic Growth Forecast as Stimulus Fuels Consumption and Investment 
Oil Prices Rise on Venezuela Sanctions and Nigeria Airstrikes Despite Annual Losses 
Japan to Audit Brazil’s Beef System, Paving Way for Market Access 
Argentina Congress Approves 2026 Budget Under Milei, Marking First Legislative Passage Since 2023 
Japan Approves Record ¥122.3 Trillion Budget as Takaichi Seeks Fiscal Balance 
McDonald’s Corporation confirmed on Wednesday, March 29, that two of its long-time directors are leaving the company. Robert Eckert and John Rogers are set to retire, and this move is said to be part of the chain’s board’s “commitment to ongoing refreshment that maintains an appropriate balance of continuity and institutional knowledge with fresh perspectives among directors.”
Eckert and Rogers were also revealed to have joined McDonald’s board on the same day in 2003, which means they have been helping lead the brand for 23 years already. Now the two are also stepping down at the same time this year, and their retirement will take effect as of the 2023 annual shareholders meeting.
In the retiring directors’ more than two decades of service at McDonald’s, they have made significant contributions to the success of the company. In any case, their departure continues the reorganization within the board of the fast-food chain.
Prior to their exit, McDonald’s welcomed new board members that, include Marriott Group’s Tony Capuano, Amy Weaver of Salesforce, and Jennifer Taubert of Johnson & Johnson. It was noted that another senior board member, Sheila Penrose, also retired, and Disney’s Kareem Daniel joined in shortly.
"Bob and John have made significant contributions throughout their 20 years on the Board. Their strategic vision and expertise have helped guide the expansion of the global business while bringing McDonald's closer to the communities it serves," McDonald’s chairman of the board, Enrique Hernandez, Jr., said in a press release. "Bob brought valuable expertise to the Board serving as Chairman of the Compensation Committee and the inaugural Chairman of the Public Policy & Strategy Committee where he helped oversee the Company's long-term strategy and operations.”
He went on to say, “John is a prominent leader in the Chicago and business community who has helped to significantly expand the Company's efforts to promote equitable opportunity and diversity across the full range of the business including employees, franchisees, and suppliers. McDonald's is stronger because of their service."
