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

Editors Pick
Stocks moved notably higher over the course of the trading day on Tuesday after recovering from an initial move to the downside. With the strong upward move on the day, the Dow reached a new record intraday high before giving back some ground. President Barack Obama is scheduled to travel to the headquarters of the Centers for Disease Control and Prevention in Atlanta, Georgia, on Tuesday to outline steps the U.S. will take to help combat the Ebola outbreak in West Africa. Senate Republicans once again voted Monday to block a Democratic bill aimed at narrowing the national gender wage gap. The Senate voted 52 to 40 in favor of limiting debate on the Paycheck Fairness Act, falling well short of the 60 votes required.
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.