P&G shareholders elected all 12 P&G director nominees, including Kempczinski and 11 incumbent directors, with each receiving more than 90 per cent support according to preliminary voting results. P&G’s board is composed of eminently qualified individuals who bring seasoned judgment and a variety of skills and experiences with them into the boardroom. The elected directors are also demographically diverse, 50 per cent women and 33 per cent multicultural, with a mix of tenure, age, and industry experience, P&G said in a media statement.
Kempczinski has served as president and chief executive officer of McDonald’s corporation since 2019, where he is responsible for driving growth strategy and ensuring that McDonald’s values are embedded throughout the company. He previously served as president, McDonald’s US from 2017 to 2019, leading the business operations of approximately 14,000 McDonald’s restaurants throughout the US, and as executive vice president – strategy, business development and innovation from 2015 to 2016, working closely with business leaders and franchisees to identify innovative new ideas and best practices to accelerate growth.
In addition to serving on the McDonald’s board of directors, he is also a trustee of Ronald McDonald House Charities. Kempczinski holds an B.A. from Duke University and an M.B.A from Harvard Business School.
“Kempczinski brings to P&G’s board significant experience in the consumer and retail space, which will enable him to contribute valuable strategy, marketing and brand building perspective to the board. His leadership, strategy, and risk management abilities have allowed him to guide McDonald’s through the dynamic operating challenges posed by the pandemic and will be highly valuable to the board as it oversees P&G’s long-term growth and operating strategy. We are delighted to welcome him to P&G’s board of directors,” David Taylor, P&G’s chairman of the board, president and chief executive officer said.
Fibre2Fashion News Desk (GK)