said Friday that managers from its U.S. parent now hold two of the top three positions on its board, signaling a shift in the power dynamics at the country's largest fast food chain.
The shakeup, approved at a general shareholders' meeting, comes in the wake of the announcement this month that founder Den Fujita would step down as chairman and CEO.
Yasuyuki Yagi, president and COO of McDonald's Japan, is now the only Japanese in the top three, who have the right to represent the firm.
The two managers from McDonald's Corp. of the U.S., which has a 50 percent stake in the Japanese firm, have been given representative rights, reversing the old power ratio of three Japanese to two foreigners. Pat Donahue, former chairman and CEO of McDonald's Restaurants of Canada Ltd., was newly appointed to the board and has representative rights. Prior to the reshuffle, five members had the right to represent the company.