- McDonald’s Corp (NYSE: MCD) announced it has named Katie Beirne Fallon as its Chief Global Impact Officer
McDonald’s Corp (NYSE: MCD) announced it has named Katie Beirne Fallon as its Chief Global Impact Officer. Fallon was previously an advisor for President Barack Obama. In February 2016, Fallon had resigned as Director of Legislative Affairs and joined Hilton Hotels in November 2016 where she served as SVP and global head of corporate affairs.
At McDonald’s Fallon is going to oversee the Global Impact Team, which handles philanthropy and sustainability for the restaurant giant.
“At a time of great global complexity, there is an increasing expectation on companies to play a leading role,” said McDonald’s CEO Chris Kempczinski in a statement. “We welcome that challenge and our raising our ambitions.”
The hiring of Fallon comes at a time when McDonald’s has been dealing with a few governance issues. McDonald’s has been in a legal back-and-forth with former CEO Steve Easterbrook over his severance after it was discovered that he had undisclosed relationships with employees at the company. And the company is also involved in lawsuits in regards to COVID-19 protections and over alleged discrimination practices.
“I have long admired the company’s willingness to use its global scale to drive positive change through sustainability efforts, community service initiatives and corporate philanthropy,” added Fallon. “Today’s pace of change makes these efforts more urgent and important than ever.”