McDonald’s Corp. said its chairman, Andrew McKenna, will not stand for re-election at the company’s annual shareholders meeting on May 26. His retirement comes after 25 years as a director and 12 years as chairman, according to a Wednesday release. The company will elect a new chairman after the election of directors at the shareholders meeting. McDonald’s stock closed Wednesday up 0.1% at $127.52. Shares are up 32.5% for the past year while the S&P 500 is down 0.7% for the same period.
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