Lopez Foods Names McDonald’s Executive as its President and Chief Executive Officer

Lopez Foods Names McDonald’s Executive as its President and Chief Executive Officer



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OKLAHOMA CITY, OK–(HISPANIC PR WIRE)–December 8, 2003–Lopez Foods, Inc. (LFI), the nation’s largest, Hispanic-owned, meat manufacturing company (and 13th largest Hispanic company overall), today announced Eduardo Sanchez will join the firm as President and Chief Executive Officer, effective January 1, 2004. Sanchez is currently the President of McDonald’s Latin America and Canada and is responsible for supervising the company’s operations, planning, development and expansion in those regions of the world.

“Ed is the perfect partner to help us enter the next phase of our company’s planned growth and development,” said Chairman of the Board John C. Lopez. “Our aim is to establish LFI as the meat industry’s standard for product quality and customer service and we feel his addition to our management team is the next logical move in reaching that goal.”

Lopez Foods produces all-beef hamburger patties, pork breakfast sausage patties, and Canadian style bacon for the McDonald’s restaurant system. The company also produces its own “Country Cousin” brand sausage for Wal-Mart Stores and “Northern Plains” brand frozen beef patties for Sam’s Clubs and other retail outlets. It also provides a variety of packaged fresh and frozen meat products for a growing number of retail stores and restaurant chains.

According to Lopez, Sanchez’ knowledge of the food service industry will drive Lopez Foods to provide greater efficiencies and benefits for all of its customers.

Sanchez began his career with McDonald’s in 1974 in Miami, Florida, and was promoted to restaurant manager in 1977. In 1982, he became an area supervisor responsible for the operations and local store marketing for five restaurants.

Promoted to McDonald’s International, Sanchez held numerous positions including Director of Operations, Managing Director, and President of McDonald’s in Spain and Portugal. He returned to the Tampa Bay Region in 1992 as Regional Vice President, where he was responsible for 300 McDonald’s restaurants. In 1995, he was named International Relationship Partner for Latin America.

In 1986, Sanchez was selected for the McDonald’s President’s Award, the highest honor given for employee performance. He served as Chairman of McDonald’s Hispanic Steering Committee, working as a resource to management and Hispanic employees.

Sanchez has also served on the McDonald’s Board of Directors as an Advisory Director. In addition, he serves on the Board of Trustees for Lewis University in Romeoville, Illinois.

“I’m extremely proud to become a member of the Lopez Foods team because it has been consistently recognized as one of the top suppliers to McDonald’s, Wal-Mart and other food retailers and restaurant chains,” said Sanchez. “LFI’s reputation for success — along with its planned growth and continued expansion in the food industry — make this a tremendous business opportunity for me and my family and will allow me to contribute to Lopez Food’s further success.”

Sanchez earned his master’s degree in business from Sussex University in the United Kingdom. He and his wife, Jody, have two children.

Lopez Foods, Inc. has surpassed $300 million in annual sales from their three manufacturing facilities in Oklahoma City, Oklahoma; Columbus, Nebraska; and Guatemala City, Guatemala. It employees over 700 associates at the three plants and at its corporate headquarters in Oklahoma City. The company is committed to providing customers with the best quality and safety in meat products and related services, while maintaining the lowest possible cost.

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CONTACT:

Estrada Communications Group, Inc.

(T) 562-624-2848 / Los Angeles, CA

Lopez Foods Names McDonald’s Executive as its President and Chief Executive Officer