Sysco Names Aaron E. Alt Chief Financial Officer
November 17 2020 - 8:00AM
Sysco Corporation (NYSE: SYY), the leading global foodservice
distribution company, named Aaron E. Alt executive vice president
and chief financial officer, effective Dec. 7, 2020. Joel Grade,
currently executive vice president and chief financial officer,
will assume a newly created role of executive vice president,
business development. In this capacity, Joel will be responsible
for accelerating both organic and inorganic sales growth through
new business development, including strengthening future M&A
capabilities. Joel’s extensive experience in operations and finance
make him uniquely qualified for this role as Sysco looks to
accelerate its business transformation.
Alt most recently served as chief financial officer and senior
vice president of Sally Beauty Holdings, an international specialty
retailer and wholesale distributor of professional beauty supplies,
and president of Sally Beauty Supply, a 3,000-store retailer of
professional beauty supplies in the United States and Canada. He is
a proven finance leader with over 20 years of experience and a
track record of delivering transformative change and profitable
growth.
“I’m pleased to welcome Aaron to our executive leadership team,”
said Kevin Hourican, Sysco’s president and chief executive officer.
“He brings with him experience overseeing customer-centric
businesses, a dynamic and flexible leadership approach as well as a
proven ability to drive value creation at large organizations. The
addition of Aaron to our executive leadership team will further
Sysco’s ability to serve our customers and drive accelerated,
profitable growth. I’m also confident that with his depth of
expertise in our industry and his strong financial and operations
experience, Joel will be instrumental in accelerating our growth
and market leadership position in his new role.”
Alt said, “I’m excited to join Sysco and help drive long-term,
profitable growth for the Company. Sysco has a strong balance
sheet, ample liquidity and a compelling strategy to profitably grow
the business through its strategic transformation. I look forward
to working with the Sysco team to execute on the Company’s growth
objectives.”
Alt’s experience also includes executive leadership roles in
finance, operations and grocery transformation at Target
Corporation. Prior to joining Target, he held senior-level finance
and operations positions with Sara Lee Corporation, including chief
financial officer of its North American retail and foodservice
businesses. Before that, he was a partner at law firm Kirkland
& Ellis in London, with a focus on mergers and
acquisitions.
Alt holds an M.B.A. from the J.L. Kellogg School of Management
at Northwestern University, a J.D. from Harvard Law School and a
B.A. in History and Political Science from Northwestern
University.
About SyscoSysco is the global leader in
selling, marketing and distributing food products to restaurants,
healthcare and educational facilities, lodging establishments and
other customers who prepare meals away from home. Its family of
products also includes equipment and supplies for the foodservice
and hospitality industries. With more than 57,000 associates, the
company operates 326 distribution facilities worldwide and serves
more than 625,000 customer locations. For fiscal 2020 that ended
June 27, 2020, the company generated sales of more than $52
billion. Information about our CSR program, including Sysco’s 2020
Corporate Social Responsibility Report, can be found at
www.sysco.com/csr2020report.
For more information, visit www.sysco.com or connect
with Sysco on Facebook
at www.facebook.com/SyscoCorporation or Twitter
at https://twitter.com/Sysco. For important news and
information regarding Sysco, visit the Investor Relations section
of the company’s Internet home page at investors.sysco.com,
which Sysco plans to use as a primary channel for publishing key
information to its investors, some of which may contain material
and previously non-public information. Investors should also follow
us at www.twitter.com/SyscoStock and download the Sysco
IR App, available on the iTunes App Store and
the Google Play Market. In addition, investors should continue
to review our news releases and filings with the SEC. It is
possible that the information we disclose through any of these
channels of distribution could be deemed to be material
information.
For more information
contact:
Shannon Mutschler
Media ContactMutschler.Shannon@corp.sysco.comT
281-584-4059
Rachel LeeInvestor Contactlee.rachel@corp.sysco.comT
281-436-7815
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