Jim Cantalupo

American businessman

James Richard Cantalupo (November 14, 1943 – April 19, 2004) was an American businessman. He was chairman and chief executive officer of McDonald's Corporation from 1991 to 1999, and again from 2003 until his sudden death by heart attack at the age of 60.2

From Wikipedia’s article on Jim Cantalupo (this version), CC BY-SA 4.0.

Born Nov 14, 1943, died Apr 19, 2004.1

Companies

Early life and education

  • Date not recordedUniversity of Illinois Urbana-Champaign3

Career

Occupation: manager, businessperson.6

  • 2002 to 2004Chief executive, McDonald's4
  • Date not recordedChief executive officer, McDonald's5

He became a certified public accountant and worked for Arthur Young for eight years, where McDonald's was a client. He was offered the job of controller with a substantial salary increase with the then fast growing McDonald's before taking a month to decide, finally joining in 1974. In the same year he was promoted to vice president and senior vice president in 1981. He became president of McDonald's International in 1987 and its CEO in 1991. He lost the top job to Jack Greenberg in 1999. McDonald's announced his retirement plans in April 2001, but on December 1 Greenberg resigned and Cantalupo agreed to stay on for another year to help with the management transition.

Cantalupo succeeded as CEO and chairman on January 1, 2003. Shareholders were not impressed, thinking that his appointment indicated that the company was "inbred". However, credit was given to Cantalupo for the company's recovery in the succeeding 12 months: "he devised a plan" which included "accelerating the introduction of healthier foods, such as salads".

Cantalupo previously was on the board of directors of Sears, Roebuck and Company. He was attending a McDonald's convention in Orlando, Florida when he was stricken with a heart attack and later died. McDonald's Japan CEO Den Fujita died of heart failure two days later.

From Wikipedia’s article on Jim Cantalupo (this version), CC BY-SA 4.0.

Personal life

  • BornNov 14, 1943, Oak Park7
  • DiedApr 19, 2004, Orlando8
  • CitizenshipUnited States9
  • Children210