Treasury Wine Estates Shares Plunge on Earnings Warning Amid U.S. and China Weakness 
Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty 
Yen Near Lows as Markets Await Bank of Japan Rate Decision, Euro Slips After ECB Signals Caution 
Blackstone Leads $400 Million Funding Round in Cyera at $9 Billion Valuation 
Oil Prices Steady in Asia but Headed for Weekly Loss on Supply Glut Concerns 
EU Delays Mercosur Free Trade Agreement Signing Amid Ukraine War Funding Talks 
Maersk Vessel Successfully Transits Red Sea After Nearly Two Years Amid Ongoing Security Concerns 
U.S. Stock Futures Edge Higher as Micron Earnings Boost AI Sentiment Ahead of CPI Data 
Precious Metals Rally as Silver and Platinum Outperform on Rate Cut Bets 
Silver Prices Hit Record High as Safe-Haven Demand Surges Amid U.S. Economic Uncertainty 
Union-Aligned Investors Question Amazon, Walmart and Alphabet on Trump Immigration Policies 
Singapore Growth Outlook Brightens for 2025 as Economists Flag AI and Geopolitical Risks 
Toyota to Sell U.S.-Made Camry, Highlander, and Tundra in Japan From 2026 to Ease Trade Tensions 
Citi Appoints Ryan Ellis as Head of Markets Sales for Australia and New Zealand 
OpenAI Explores Massive Funding Round at $750 Billion Valuation 
TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement 
Asian Markets Rebound as Tech Rally Lifts Wall Street, Investors Brace for BOJ Rate Hike 
McDonald's Corporation revealed on Monday, June 27, that it has appointed new top executives for its management. Kevin Ozan, the company's current finance chief, is set to retire next year, and it was announced that be replaced by Ian Borden, a veteran and president of McDonald's international business.
According to Reuters, Borden has been with McDonald's for three decades already, and he will officially take over the CFO role on Sept. 1. On the other hand, Ozan, the outgoing finance chief, will remain with the company as senior executive vice president of strategic initiatives until his retirement in mid-2023. Ozan has been the company's CFO since 2015.
As for Borden, he has previously handled the restaurant's businesses in the Asia-Pacific, the Middle East and Africa regions. He also worked as the managing director of the McDonald's franchise in Ukraine.
Aside from Borden and Ozen, the other major executive appointment includes Marion Gross' assignment as the new global chief supply chain officer. She will replace Francesca DeBiase, who is set to leave for retirement in August. Gross will vacate her post as McDonald's North America supply chain head to take on the new role.
The major executive shake at McDonald's was announced by the company's chief executive officer, Chris Kempczinski, through a news release. He has been leading the world's largest burger joint since 2019.
"With this move, Ian Borden, currently President, International and a 30-year System veteran, has been appointed to serve as our next Executive Vice President and CFO, effective September 1," McDonald's CEO Kempczinski said in a press release,
He went on to say, "Ian is well-known for being a values-based leader with a tremendous amount of System knowledge. He first joined our System in Canada in 1994 and from there, he went on to serve in roles as CFO for our Asia-Pacific, the Middle East and Africa region and CFO for Russia and Eastern Europe. He also had several leadership and P&L roles across our markets and regions."
Meanwhile, it was also revealed that Katie Fallon, McDonald's chief global impact officer, who led the firm's environmental, social, and governance (ESG), is also set to leave next month. It was not mentioned who would take over her role.
