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Jose Armario Named President of McDonald's Latin America

Nov 4, 2003

McDonald's Corporation (NYSE: MCD) added a promotion to the list of Senior Management Changes announced today, naming Jose Armario President of McDonald's Latin American operations.

Armario, 44, has been with McDonald's Latin America for seven years, serving most recently as Senior Vice President and Relationship Partner for the region. He succeeds Ed Sanchez, a 27-year veteran of the company who announced his retirement from the company last summer for an opportunity to run a major food processing company.

He has more than 20 years of broad international experience within the restaurant and retail industries, including work in the U.S., Latin America, and Europe. Armario joined McDonald's in 1996 and was tapped to take on the challenge of operating the company's restaurants in Chile.

In 1999, Ed Sanchez called Armario back to the home office to assist and advise him on key issues and opportunities within its entire Latin American operations.

Commenting on Armario's appointment, Charlie Bell, President and Chief Operating Officer, McDonald's Corporation said, "No one knows our opportunities in Latin America better than Jose Armario. He has a solid record of achievement that we seek to reward him for -- and which we wish to expand throughout Latin America as part of the Corporation's continued momentum behind our global revitalization plan." Armario will report to Bell.

Armario, born in Cuba but raised in Miami, recently completed his Masters in Professional Management from the University of Miami. He and his wife, Mary, have three children and reside in suburban Chicago.

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SOURCE: McDonald's Corporation

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