Ian Borden To Step Into McDonald's CFO Role As Kevin Ozan Transitions To Strategic Leadership

McDonald’s Corp. (MCD) is executing a significant restructuring of its executive leadership team, with changes set to take effect on September 1, 2022. The fast-food giant’s CEO Chris Kempczinski unveiled the organizational shift, which involves multiple promotions and executive transitions across the Global System.

Leadership Transitions Taking Shape

The centerpiece of this reshuffle involves a vertical shift within the financial leadership. Kevin Ozan, who has served as Chief Financial Officer, will ascend to the newly created position of Senior Executive Vice President, Strategic Initiatives. In this elevated capacity beginning September 1, Ozan will maintain oversight of the Strategy team while championing several key strategic projects. Notably, the finance executive plans to exit the company by mid-2023.

Stepping into the CFO chair is Ian Borden, the International President and a three-decade veteran of the McDonald’s System. Borden’s appointment becomes official on September 1, bringing extensive global financial and operational experience to the role. His career trajectory within McDonald’s spans continents—he initially joined the System through the Canadian operation in 1994, subsequently holding CFO positions across the Asia-Pacific, Middle East and Africa region, as well as Russia and Eastern Europe. Beyond financial stewardship, Borden has managed various P&L responsibilities throughout multiple markets.

Supply Chain Leadership Strengthened

The organizational realignment extends to supply chain management. Francesca DeBiase, Global Chief Supply Chain Officer, will retire effective August 31. Her departure creates space for Marion Gross, who currently leads North America’s supply chain operations, to advance to Executive Vice President and Global Chief Supply Chain Officer. Gross will join the Global Senior Leadership Team on September 1, bringing hands-on expertise from directing supply chain strategy across the U.S. and Canadian markets.

Additional Executive Changes

Katie Fallon, who pioneered the Chief Global Impact Officer position at McDonald’s, has notified the company of her departure effective July 15. During the search for her successor, Kevin Ozan will oversee the Global Impact team temporarily.

This leadership evolution reflects McDonald’s strategic recalibration, positioning Ian Borden and Marion Gross to navigate evolving market dynamics while Kevin Ozan focuses on longer-term strategic initiatives before his planned departure mid-2023.