Jim Skinner

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Jim Skinner
Born James Alan Skinner
1944
Illinois, United States
Nationality American
Occupation Business executive, presently Chairman, Walgreens, Inc.
former executive and CEO McDonald's Corporation, 2004-12

James Alan Skinner (born 1944) is an American business executive. He is currently the chairman of Walgreens.[1] He was the Vice Chairman and CEO of McDonald's Corporation.

Early life[edit]

James Alan Skinner was born in Illinois in 1944, the son of Leon Skinner, a bricklayer, who died in 2006, aged 84.[2]

Skinner grew up in Davenport, Iowa and graduated from West High School there in 1962.[2]

He went on to serve nearly 10 years in the United States Navy.

Career[edit]

McDonald's[edit]

Skinner began his career with McDonald's in 1971 as a restaurant manager trainee in Carpentersville, Illinois.[3] He never graduated from college, attending Roosevelt University in Chicago, before dropping out after his sophomore year.[4]

Prior to becoming CEO, Skinner was President and Chief Operating Officer of the McDonald's Restaurant Group with corporate management responsibility for Asia, Middle East and Africa (AMEA), and Latin America.[citation needed] Prior to that, he was responsible for McDonald's Japan Limited,[citation needed] their second-largest market[according to whom?]. Skinner held numerous positions in the U.S. Corporation, including Director of Field Operations, Market Manager, Regional Vice President and U.S. Senior Vice President and Zone Manager.[citation needed]

Skinner was named CEO of McDonald's Corp in 2004 and refocused the company on customer strategies, business disciplines and close global alignment.[5] Jim Skinner was succeeded as Vice Chairman and Chief Executive Officer for McDonald’s Corporation by Don Thompson on June 30, 2012. Vice Chairman was a position that he held before becoming CEO in November 2004.

His greatest accomplishment,[according to whom?] the "Plan to Win" strategy, managed to flip the company by reversing its falling profits. This strategy focused on improving on locations that already existed instead of expanding and building more. They hoped to achieve “faster, friendlier service; tastier food; a more appealing ambiance; better value; and sharper marketing.” By shifting strategies, Skinner and his team were able to increase McDonald’s total sales, increasing from $50.1 billion in 2004 to $70.1 billion in 2008.

Skinner retired as Vice Chairman and Chief Executive Officer on June 30, 2012 after 41 years with McDonald's.[6] In 2012, he received total annual compensation of $27,741,408.[7]

Other[edit]

As of 2014, Skinner is a member of the board of directors of:[8]

He has been a member of John McCain 2008, McCain-Palin Victory 2008, National Republican Congressional Committee, Romney for President, and Romney Victory Inc.[8]

Awards and recognition[edit]

In 2009, Skinner was named CEO of the Year by Chief Executive magazine.[6][9]

Personal life[edit]

Skinner met his future wife in Chicago, and they married in 1969.[2]

References[edit]

  1. ^ http://investor.walgreens.com/directors.cfm
  2. ^ a b c Luna, Kay (December 6, 2008). "Schools at 150: McDonald's top chief hails from Davenport". The Quad-City Times. Retrieved 3 November 2014. 
  3. ^ http://www.aboutmcdonalds.com/mcd/our_company/bios/jim_skinner.html
  4. ^ At McDonald’s, the Happiest Meal Is Hot Profits
  5. ^ http://www.aboutmcdonalds.com/mcd/our_company/leadership/jim_skinner.html
  6. ^ a b Donlon, J.P. (May–June 2009). "McCEO". Chief Executive (Montvale, New Jersey: Butler Publishing, Inc.) (240): 49–54. ISSN 0160-4724. 
  7. ^ "James Skinner". Forbes. Retrieved 3 November 2014. 
  8. ^ a b "James A. Skinner". NNDB. Retrieved 3 November 2014. 
  9. ^ The Market's Best Managers - Forbes.com, Forbes.com

External links[edit]

Business positions
Preceded by
Charlie Bell
CEO of McDonald's
2004–2012
Succeeded by
Don Thompson