Arcos Dorados announced that its Board of Directors has appointed Marcelo Rabach as company's new Chief Executive Officer, effective July 1, 2019. Mr. Rabach succeeds Sergio Alonso who will remain as a member of the Board of Directors. Prior to his promotion, Mr. Rabach was company's Chief Operating Officer, a position he assumed in August 2015. Mr. Rabach was also Divisional President for the NOLAD (North Latin American) Division from 2013 to 2015.