CHICAGO — McDonald's Corp. will operate under a new organizational structure following the retirement of Doug Goare, president of International Lead Markets and chief restaurant officer, on Dec. 31 after 40 years with the company.

The new structure will include the following global business segments: U.S., which will continue to be led by Chris Kempczinski, president, McDonald’s USA; International Operated Markets, which will comprise wholly-owned markets or countries in which the company operates restaurants, including Australia, Canada, France, Germany, Italy, The Netherlands, Russia, Spain and the United Kingdom, and will be led by Joe Erlinger as president, International Operated Markets; and International Developmental Licensed Markets, which includes the remaining markets in the McDonald’s system and will be led by Ian Borden as president, International Development Licensed Markets.

“The organization we created as we were beginning our turnaround in 2015 helped us make decisions more quickly, act with greater agility and strengthen the performance of our markets,” said Stephen Easterbrook, president and chief executive officer of McDonald's Corp. “This new organizational structure provides us the opportunity to continue building on our progress, making sure McDonald’s remains positioned to run great restaurants and better serve our customers.”

In his current role, Mr. Goare leads a segment of McDonald’s business that includes Australia, Canada, France, Germany and the U.K., with responsibility for operations, supply chain, information technology, development and digital. Previously, he served as president of McDonald’s Europe, overseeing nearly 8,000 restaurants in 39 countries.

“Doug has been an important leader whose career at McDonald’s has spanned multiple continents and his expertise has contributed greatly to the success of our business today,” Mr. Easterbrook said. “I have always valued his wise counsel and his passion for elevating the experience for our customers and crew. We thank Doug for his steadfast leadership and wish him all the best in his well-deserved retirement.”