McDonald's Corporation (NYSE: MCD) today announced the promotion of Mats Lederhausen, Senior Vice President - Corporate Strategy, to Executive Vice President -Strategy and Business Development.

"As McDonald's moves forward, strategic development will play an increasing role in defining our company's future," said Jack Greenberg, Chairman and Chief Executive Officer, McDonald's Corporation. "In Mats Lederhausen, we have a unique executive with a diverse background. He has the vision, passion, entrepreneurial spirit and skills necessary to accelerate our ability to evaluate ideas to grow our existing businesses, as well as identify new business opportunities. His deep McDonald's operations experience, coupled with his consulting background, will help us develop and refine our long-term business strategies."

Lederhausen began his McDonald's career as a restaurant crew member in Sweden in 1979, subsequently holding restaurant management and director of operations positions.

Upon completing his graduate work at the Stockholm School of Economics, he worked at the Boston Consulting Group. In 1990, he returned to McDonald's where he assumed responsibilities as Managing Director and Joint Venture Partner for McDonald's Sweden. Under his leadership, he grew the company from 40 restaurants to nearly 170 restaurants.

He joined McDonald's Corporation in 1999 as Vice President - Corporate Strategy.

McDonald's is the world's leading food service retailer with about 29,000 restaurants in 121 countries serving 45 million customers each day.