Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Sysco Names Manuel Fernandez Executive Chairman, Effective Immediately

RELATED NEWS
Trade SYY now with 

Sysco Corp. (SYY: Quote) 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.

Click here to receive FREE breaking news email alerts for Sysco Corp. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
U.S. economic activity increased by more than expected in the third quarter of 2014, according to a report released by the Commerce Department on Thursday. The Commerce Department said GDP increased by 3.5 percent in the third quarter compared to 3.0 percent growth expected by economists. Germany's EU measure of inflation unexpectedly slowed in October after holding steady in the previous two months, preliminary estimates from Destatis showed Thursday. The harmonized index of consumer prices rose 0.7 percent annually following 0.8 percent increase in each of the previous three months.... First-time claims for U.S. unemployment benefits saw a modest increase in the week ended October 25th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims edged up to 287,000, an increase of 3,000 from the previous week's revised level of 284,000.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.