McDonald’s reshapes board as longtime member Penrose retires

By MICHELLE CHAPMAN
AP Business Writer

McDonald’s is reshaping its board, including the exit of a board member recently targeted by activist investor Carl Icahn over how pigs used in the chain’s food are treated. Sheila Penrose, who is retiring, has been a McDonald’s board member for 15 years. She was in charge of the sustainability and corporate responsibility committee. Billionaire Carl Icahn nominated two alternative board candidates earlier this year in an attempt to force changes at the world’s biggest burger chain over how it sources the pork. Shareholders resoundingly rejected Icahn’s campaign, which garnered the support of only 1% of the company’s outstanding shares. Penrose maintained overwhelming support from shareholders as well.