Arcos Dorados announced the appointment of Mariano Tannenbaum as Chief Financial Officer and Dan Gertsacov as Chief Marketing and Digital Officer. Mr. Tannenbaum's appointment is effective on February 1, 2017 and he succeeds José Carlos Alcantara, who has decided to take on new personal and professional endeavors. Mr. Tannenbaum brings substantial experience as a financial executive, and has held various senior corporate positions at Arcos Dorados since joining the firm in 2008, the most recent being Senior Director of Corporate Finance.

In this role, he was responsible for business planning and development, as well as management of the Company's financing structures. Previously, Mr. Tannenbaum had an extensive international career in Europe and the United States, working as a Managing Director at the IFG Group in Switzerland and Senior Treasury manager at Tyco International. Earlier in his career he worked at Sabre Holdings in London.

He also worked for an economic consulting group in Argentina, and the Argentine government as part of the Ministry of Treasury and Public Finances. In addition, Dan Gertsacov has been promoted to Chief Marketing and Digital Officer and replaces Raúl Mandía, Vice President of Marketing, who has decided to pursue new opportunities after 25 years of working in the McDonald's system. Mr. Gertsacov joined the Company in 2014 as Chief Digital Officer, responsible for designing and implementing the Company's digital strategy.

His previous positions include Google's Head of New Markets in Latin America and the Caribbean, and Univision Networks' Vice President of New Business.