Chief Executive magazine has named Jim Skinner, the CEO of McDonald's Corporation as the CEO of the Year:
“Skinner successfully transformed an iconic brand by shifting strategies to being better versus bigger and introducing a range of quality enhancements from introducing new, healthier menu options to the innovative redesign of restaurants,” said J.P. Donlon, Editor-in-Chief of Chief Executive magazine. “He has been respectful of McDonald’s legacy while engineering an inspirational strategic leadership that re-invented the industry. He’s a remarkable leader in all facets, and we are happy to name him the 24th CEO of the Year.”
Skinner and his executive team have delivered exceptional results, since his appointment in 2004, McDonald’s worldwide restaurant sales have increased from $50.1 billion to $70.1 billion in 2008, up 41.1 percent. Last year the company far outperformed its competitors and was one of only two DJIA stocks that ended 2008 with a gain.