What is Woods Staton’s Net Worth?
Woods Staton is the previous President and CEO of Arcos Dorados (the biggest McDonald’s franchise on the earth). Woods Staton has a net worth of $1.7 billion. The Colombian billionaire holds a grasp’s diploma in enterprise administration from IMD, in Switzerland, in addition to a Bachelor’s diploma in Economics from Emory University. Woods began his profession because the Joint Venture Partner for McDonald’s in Argentina, earlier than buying the President of the McDonald’s South Latin America Division. Meanwhile, Woods labored in Panamco, the biggest Coca-Cola bottler in Latin America that was based by his grandfather. Eventually, he turned Panamco’s CEO.
The first time McDonald’s sought him out was in 1982, with the intention to open its first eating places in Colombia, which was halted by guerrilla violence and import restrictions. It was in 1985, when Staton accepted a proposal to launch the chain in Argentina with the backing of McDonald’s Chairman and CEO Fred Turner. This timing turned out to be a win-win mixture. Ever since, the quick meals chain expanded his duties to supervise Chile, Paraguay and Uruguay, after which Colombia, Ecuador, Peru and Venezuela. In 2007, Arcos Dorados (or “Golden Arches” in Spanish) gave McDonald’s $700 million for the rights to conduct McDonald’s each in Latin America and the Caribbean. Staton turned a billionaire in April 2011, when the group that at the moment owns round 1,880 retailers in 20 nations and territories, debuted on the New York Stock Exchange.
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