logo
Share SHARE
FONT-SIZE Plus   Neg

Sysco Names Manuel Fernandez Executive Chairman, Effective Immediately

Sysco Corp. (SYY) said its board of directors has named Manny Fernandez, currently the non-executive chairman of the company, as its executive chairman, effective immediately. Besides, Bill DeLaney, Sysco's president and chief executive officer, will continue both in his current role and as a member of the company's board of directors.

Fernandez has served as a director of Sysco since November 2006 and as its non-executive chairman since June 2009. He remains chairman of Sysco's board of directors.

Upon Fernandez becoming a full-time Sysco employee, he resigned his board positions on the compensation committee and the corporate governance and nominating committee. Sysco stated that its board will also elect from its current membership a lead director at its May 23, 2012 meeting.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Jeff Bezos is now the world's second richest person. The founder and CEO of e-commerce giant Amazon.com Inc. has leapfrogged Berkshire Hathaway CEO Warren Buffett and Inditex fashion group founder Amancio Ortega to claim the second spot. In the annual letter to shareholders of hedge fund Pershing Square Capital Management L.P, CEO Bill Ackman admitted that the investment in Valeant Pharmaceuticals was a huge mistake. Valeant stock was down 19.2 percent in 2016 and tarnished the image of the hedge fund. A video posted by an outraged mother of her 13-year-old special needs son getting a thorough pat-down by a Transportation Security Administration officer at Dallas/Fort Worth International Airport has gone viral. The Texas woman, Jennifer Williamson, posted the two-minute video to Facebook on Sunday, showing her son who suffers from sensory processing disorder or SPD getting a thorough pat-down.
comments powered by Disqus
Follow RTT