Longtime McDonald's chairman to retire

NEW YORK — Andrew J. McKenna is retiring after a quarter-century as a director at McDonald's, the last dozen as chairman. The world's largest hamburger chain will elect a new independent chairman at its annual meeting on May 26.

“Andy’s leadership helped guide McDonald’s through some noteworthy highs and some challenging times,” said Miles White, chairman of the governance committee of the company’s board of directors in a statement.

Those challenging times included fresh competition from a variety of fast-food eateries. McDonald’s has had seven CEOs during McKenna’s tenure as a board member.

McKenna, 86, will be chairman emeritus after he steps down. He is also on the board of the NFL's Chicago Bears.

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