MCDONALD'S NOMINATES THREE NEW BOARD MEMBERS

Additions Would Raise Number to 15

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CHICAGO (AdAge.com) -- McDonald's Corp. on Wednesday nominated three executives to be added to its board of directors.

McDonald's named Robert A. Eckert, 48, chairman-CEO of Mattel; Cary D. McMillan, 45, CEO of Sara Lee Branded Apparel; and John W. Rogers Jr., 45, chairman-CEO, Ariel Capital Management, as board candidates pending shareholder approval at the company's annual meeting May 22.

"Now more than ever, it is important for company boards to engage strong and diverse thinkers to further good corporate governance," McDonald's Chairman-CEO Jim Cantalupo said in a statement.

Positions on other boards
Mr. McMillan also is a board member for Sara Lee Corp. and Hewitt Associates. Mr. Rogers also serves on the boards of directors for Aon Corp., Bank One Corp., Exelon Corp. and GATX Corp.

Leaving the board are Senior Directors Donald R. Keough, 76, a former president of Coca-Cola Co., and Gordon C. Gray, 75, chairman of Integris Metals, who retired from the board in 2001 and were named non-voting senior directors.

McDonald's expects to file its 2003 proxy statement next week that will further outline the board's proposed makeup, which now would total 15. However, earlier filings with the Securities and Exchange Commission showed that the terms of four board members are set to expire in 2003. One of those named is former McDonald's CEO Michael Quinlan, though Mr. Quinlan stepped down from the board last August.

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