Welcome back to our video series, where we ask top-hitting financial directors and CFOs the big questions on the year ahead. Every week we publish new video interviews with influential CFOs.
Today: CFO of McDonald’s UK, John Park, discusses growth strategy vs cost reduction strategy.
About John Park
John Park became CFO for McDonald’s UK in 2016, and is responsible for finance, supply chain and legal oversight.
Park joined the company in 2003 as an assistant operations accountant and over 14 years progressed up to finance director, then vice president of finance, before taking on the top finance role as CFO of McDonald’s UK.
Before joining McDonald’s, the Nottingham University-educated CFO worked in audit at KPMG, and he is a Fellow of the Institute of Chartered Accountants in England and Wales.
McDonald’s is the world’s largest restaurant chain and has more than 34,000 restaurants worldwide, with 1,200 of them located in the UK.
After increasing its franchising organisation as part of its growth strategy, 70% of McDonald’s restaurants in the UK are now owned and operated by franchisees and the UK division serves approximately 3 million people every day, employing 97,000 people.
Led by British CEO, Steve Easterbrook, the chain is headquartered in the US and listed on the American NASDAQ exchange. The company’s UK division CEO is Paul Pomroy.