McDonald's Appoints New CEO For China

McDonald's has announced that it is appointing Kenneth Chan from Singapore as its new CEO for he China area, replacing Jeffrey Schwartz.

Schwartz has managed McDonald's business in China for more than three years. In December 2008, he announced his retirement plans. Schwartz will continue to work in McDonald's until April 1, 2009, and Chan will take over his position thereafter.

Schwartz jointed McDonald's as a restaurant worker when he was 15. Over the next 40 years, he was steadily promoted to higher positions, and in June 2005, was appointed CEO of McDonald's China.

Chan has 12 years working experience in McDonald's. Prior to this appointment, he was regional manager for Malaysia, Taiwan, and South Korea as well as managing director for McDonald's Singapore. In previous positions, Chan was engaged in the promotion of McDonald's delivery service, its 24-hour restaurants, its coffee products, brand building, and business development.