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Chris Kempczinski Net Worth

Chris Kempczinski net worth

What is Chris Kempczinski net worth?

Net worth$20 million
NameChristopher John Kempczinski 
Date of birth1967/1968
Occupationbusiness executive
NationalityAmerican 

Chris Kempczinski net worth: Christopher John Kempczinski is an American business executive, and the president and chief executive officer (CEO) of McDonald’s Corporation.

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Early life

Christopher John Kempczinski was born and raised in Cincinnati, Ohio. He is the son of Richard Kempczinski, who was Professor of Surgery and Chief of Vascular Surgery at the University of Cincinnati Medical Center, and Ann Marie Kempczinski , who was a primary school teacher at Terrace Park Elementary in Cincinnati, Ohio. He attended Indian Hill High School in suburban Cincinnati.

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Kempczinski earned a bachelor’s degree from Duke University, and an MBA from Harvard Business School in 1997

Career

Kempczinski started his career with Procter & Gamble in brand management, and worked for four years in its soap sector division, before leaving to attend Harvard Business School (HBS). After HBS he became a management consultant at the Boston Consulting Group, focusing on consumer products and pharmaceuticals.

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In 2000, Kempczinski joined PepsiCo in its corporate strategy & development group, and in 2006, was VP, Marketing, Non Carbonated Beverages, Pepsi-Cola North America Beverages.

Before joining McDonald’s, Kempczinski worked for Kraft Foods as executive vice president of growth initiatives, and president of Kraft International. He left Kraft in September 2015.

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Kempczinski joined the McDonald’s global strategy team in late 2015, and was promoted to president of McDonald’s USA in October 2016 where he oversaw the business operations of approximately 14,000 restaurants. In November 2019, he succeeded Steve Easterbrook as president and CEO.

Chris Kempczinski Net Worth

Chris Kempczinski net worth is estimated at $20 million. He received more than $10.8 million in compensation last year. It is reported that Chris takes an annual base salary of $963,506.

Bloomberg reports that Kempczinski did not own any shares in McDonalds when he became CEO. It is a generally accepted rule in business that CEOs need to own shares in the business that they are running in order to give investors confidence. There is a requirement for the CEO to hold a certain number of shares and so this is something he will have to abide by. However, he will be given enough time to buy all the shares that he needs so he does not find himself in financial difficulty.

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