McDonald’s CEO Jim Skinner to retire

Board of directors names Don Thompson, current president, COO, as successor

McDonald’s Corp. said late Wednesday vice chairman and chief executive Jim Skinner will retire this summer and be succeeded by current president and chief operating officer Don Thompson.

Skinner, 67, has worked for the Oak Brook, Ill.-based McDonald’s for 41 years and has served as CEO since late 2004. He will step down June 30, and Thompson, 48, will begin his new role as CEO on July 1.

“Doing what’s right for our customers and our business has driven my

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