One of McDonald`s Corp.`s senior executives has decided to move to the other side of the business.
McDonald`s said Monday that Edward H. Schmitt, 60, vice chairman, chief administrative officer and a director, has resigned to become a McDonald`s licensee in Aurora, where he lives.
Schmitt was out of the country Monday. A company spokesman said he didn`t know the location of the McDonald`s in Aurora that Schmitt would operate or whether Schmitt planned to operate more than one unit.
Fred L. Turner, chairman and chief executive officer, said: ”Ed is realizing a long-held ambition to go into business for himself as a McDonald`s owner-operator. He has made a most significant contribution to McDonald`s over his 22-year career. Fortunately, the McDonald`s system will continue to benefit from his leadership as a licensee.”
Schmitt was appointed senior executive vice president, chief operating officer and a director in 1973, president and chief administrative officer in 1977 and vice chairman and chief administrative officer in 1982.
MIGELY NAMED CEO OF DROVERS BANK
Joseph G. Migely, president of Drovers Bank of Chicago, has also been named chief executive officer. He succeeds James Carmody, who remains board chairman of the bank, a subsidiary of Cole-Taylor Financial Group.
CALUMET ELECTS SALVINO CHAIRMAN
Calumet Industries Inc. said S. Mark Salvino, president and chief executive officer, was given the additional duties of chairman of the board. Since October, 1982, Salvino, 57, has been president and CEO of Calumet Industries, a refiner of high-grade lubricating oils and custom-blended products. He previously was president of Peoples Energy Co. In other appointments, Walter W. Little, 63, was named senior vice president-finance;
Philip A. Campbell, 44, was elected vice president-sales; John M. Dillon, 39, was made treasurer and controller; and William P. Warner, 38, was appointed secretary.
KASPAR SENIOR VP OF EVERGREEN BANK
Paul A. Kaspar was named senior vice president-controller of First National Bank of Evergreen Park. Kasper, who was promoted to his new position from controller, also serves as treasurer of First Evergreen Corp., parent company of Evergreen Bank. In other appointments, Joy Duewerth was named vice president and cashier, and Kevin Mavity and Gaines D. Wilson were elected vice presidents.
