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."