Arcos Dorados (NYSE: ARCO), the largest fast food chain in Latin American and McDonald’s most important franchise in the world, announced the appointment of Sergio Alonso, 52 years old, as the new Chief Executive Officer, to be effective from October 1^st on. Alonso will follow the current president and CEO, Woods Staton, 65 years old, who will be appointed as Executive President.

“Sergio has been part of McDonald’s for almost 30 years, and has developed a great career achieving operational and financial improvements that were key for McDonald’s long term strategy and that provided great value for shareholders. We have been colleagues in building Arcos Dorados and I am confident that we his strong leadership we shall keep on capitalizing great opportunities of McDonald’s brand in Latin America” said Woods Staton.

Staton added that: “Working side by side for all these years, Sergio and I have built a strong personal and professional relationship that will secure a calm transition of Arcos Dorados’ management. Sergio is a valuable executive and I know he is the right leader to keep on moving our company forward.  Even though I will be putting my daily responsibilities aside, as Executive President I shall remain focused on leading Arcos Dorados to long term success.”

“I am honoured and excited to have been chosen as Arcos Dorados next CEO” states Alonso. “I am committed with our long term strategy to increase our business’ value and I am eager to work with our operators, suppliers and employees to keep on delivering the best McDonald’s experience possible for our customers.”

Sergio Alonso has been Chief Operations Officer (COO) of Arcos Dorados since 2007, the same year in which the Company became McDonald’s largest franchise in the world, with operations in 20 countries.

About Arcos Dorados. Arcos Dorados is the largest McDonald’s franchise in the world regarding revenues and number of stores. The Company is the largest fast food restaurant (QSR) in Latin America and the Caribbean. It has the exclusive right of owning, operating and granting franchises of McDonald’s stores in 20 countries and territories of Latin America and the Caribbean, including Argentina, Aruba, Brazil, Chile, Colombia, Costa Rica, Curaçao, Ecuador, French Guyana, Guadalupe, Martinique, Mexico, Panama, Peru, Puerto Rico, St. Croix, St. Thomas, Trinidad and Tobago, Uruguay and Venezuela. By December 31^st 2014 the company operated and franchised 2.121 McDonald’s restaurants with over 95.000 employees and around 4.3 million customers per day. Recognised as one of the best companies to work for in Latin America, Arcos Dorados is listed in New York’s stock exchange (NYSE:ARCO).

For more information on the Company, check the investors’ section of their webpage: www.arcosdorados.com/ir