Sysco Org Chart & Sales Intelligence Blog
1390 Enclave Parkway
Houston, TX 77077-2099
Main Phone: (281) 584-1390
Industry Sector: Consumer - Food Distribution
Full Time Employees: 71,000
CEO: Kevin P. Hourican, President, CEO & Director
Sysco Blog Highlights
Sysco Corporation (NYSE: SYY) is ranked #56 on the 2020 Fortune 500 list
- Sysco Divests Davigel Spain Division to METRO AG
- Sysco Announces Executive Leadership Changes
- Sysco Launches Foodie Solutions™
Sysco Social Media properties
Sysco Sales Trigger Events
Sysco Divests Davigel Spain Division to METRO AG
Sysco is kicking off the new year with a turn in strategy as the foodservice operator has divested its Davigel Spain operation to METRO AG. Sysco France, Davigel Spain, and METRO’s Spanish business (MAKRO Spain) signed a long-term supply agreement which provides continued access to Davigel’s unique product catalogue. The financial details of the transaction have not been disclosed.
“Davigel Spain is an ideal complement for our existing Spanish operations in terms of assortment mix, customer groups, and business model. The acquisition will help us to strengthen our product proposition, as well as to gain access to chained customer groups especially on the Canary and Balearic Islands. As such, we expect to generate synergies mainly in purchasing and assortment via the contracted supply agreement. With this transaction, METRO continues its journey in consolidating the wholesale and FSD (Food Service Delivery) markets in Europe. Following the acquisition of Aviludo in Portugal in October, Davigel Spain is the second acquisition this year. Playing an active consolidator role further solidifies our strong position in the region,” says Olaf Koch, CEO of METRO AG.
Sysco Launches Foodie Solutions™ to Equip Customers With Innovative Tools to Navigate Pandemic
Sysco Corporation (NYSE: SYY) today announced the launch of Foodie Solutions, an innovative platform created to support foodservice operators in today’s rapidly changing business climate. With its broad-based perspective from supporting restaurants and other foodservice operators across the country, Sysco identified the most essential tools to help customers respond quickly to shifting business requirements and trends resulting from the COVID-19 pandemic. Foodie Solutions’ comprehensive suite of toolkits is designed to help operators drive traffic, generate revenue and grow their business as they navigate the current environment. “Throughout the COVID-19 pandemic, we’ve stood by foodservice operators across the country as they wrestled with unprecedented challenges to their businesses. With our unique perspective as a nationwide supplier to the industry, we’ve identified and already begun to implement proven strategies restauranteurs can use to meet their rapidly changing needs,” said Greg Keller, senior vice president of sales and chief customer officer.
Sysco Announces Executive Leadership Changes
Sysco Corporation (NYSE: SYY), the leading global foodservice distribution company, announced today that Judith Sansone will join the company as executive vice president and chief commercial officer, effective Oct. 26, 2020. In this newly created executive role, Sansone will lead Sysco’s overall commercial strategies, including responsibility for merchandising, marketing, pricing, digital sales enablement, customer loyalty program development, customer personalization and exploring new channel sales development. Sansone will coordinate company-wide efforts to profitably grow sales by better serving customers with best-in-class merchandising, marketing and personalized engagement. She will also work collaboratively with Sysco’s field-based sales organization to acquire new business and increase sales with existing customers through these strategic efforts.
In addition, Sysco also announced today that Michael Foster will be stepping down from his position as executive vice president and chief information and technology officer, effective Dec. 31, 2020, to pursue other opportunities. Sysco is grateful for Foster’s leadership, integrity and service, including the implementation of prudent technology cost reductions, advancement of Sysco’s ecommerce platform (Shop) and a successful transition to a broad-based remote work environment. The company expects a smooth transition and to announce Foster’s replacement soon.
Tim Ørting Joins Sysco as Executive Vice President & President, Foodservice Operations - International
Sysco Corporation (NYSE:SYY) announced today that Tim Ørting will join the company as the executive vice president & president, foodservice operations – international, effective January 4, 2021. In this newly-created role, Ørting will lead Sysco’s international operations in Canada, Europe, The Bahamas and Latin America, as well as the company’s International Food Group business. Based in Sysco’s London office, he will oversee the development and execution of key strategies for growth in these important geographies. “Tim is an experienced food executive having led commercial and supply chain teams across multiple diverse markets and geographies,” said Kevin Hourican, Sysco’s president and chief executive officer. “His strong track record of delivering results and extensive international experience, including expertise related to mergers and acquisitions, integrations, joint ventures and new market entry, uniquely position him to lead and grow our international businesses."
Would you like to see dozens more hand-curated sales trigger events, articles, case studies, success stories, executive interviews, and more? Please download the Sysco Deep-Dive Report.
Sysco Board of Directors
|Edward D. Shirley||Chairman of the Board||Sysco Corporation|
|Kevin P. Hourican||President and Chief Executive Officer||Sysco|
|Daniel J. Brutto||Former President of UPS International and SVP||United Parcel Service, Inc.|
|John M. Cassaday||Former President and CEO||Corus Entertainment, Inc.|
|Joshua D. Frank||Partner||Trian Fund Management, L.P|
|Larry C. Glasscock||Former Chairman of the Board of Directors, CEO and President||WellPoint, Inc.|
|Bradley M. Halverson||
Former Group President, Financial Products & Corporate Services & CFO
|John M. Hinshaw||
Former Executive Vice President, Technology & Operations of Hewlett Packard and Hewlett Packard Enterprises
|Hans-Joachim Koerber||Chairman and CEO||METRO Group (Germany)|
|Stephanie A. Lundquist||President, Food and Beverage||Target Corporation|
|Sheila G. Talton||President and CEO||Gray Matter Analytics|
|Nelson Peltz||CEO and a Founding Partner||Trian Fund Management, L.P.|
Sysco Executive Leadership
|Kevin Hourican||President and Chief Executive Officer|
|Aaron Alt||Executive Vice President and Chief Financial Officer|
|Greg Bertrand||Executive Vice President - U.S. Foodservice Operations|
|Joel Grade||Executive Vice President, Business Development|
Executive Vice President and President, Foodservice Operations, International
|Tom Peck||Executive Vice President, Chief Information and Digital Officer|
|Marie Robinson||Executive Vice President - Chief Supply Chain Officer|
|Judith Sansone||Executive Vice President - Chief Commercial Officer|
|Chris Jasper||Senior Vice President and President, U.S. Broadline|
|Ajoy Karna||Senior Vice President, Finance and Strategy, International|
|Greg Keller||Senior Vice President, Sales and Chief Customer Officer|
Senior Vice President and Chief Financial Officer - U.S. Foodservice Operations
|Eve McFadden||Senior Vice President - Legal, General Counsel and Corporate Secretary|
Senior Vice President - Corporate Affairs and Chief Communications Officer
|Brian Todd||Senior Vice President - Merchandising and Marketing|
|Anita Zielinski||Senior Vice President – Chief Accounting Officer|
|Sandy Romoser||President, Guest Worldwide|
|Elizabeth Ubell||Vice President, Strategy and Analytics|
Sysco Annual Report Highlights
Sysco Business Segments:
Sysco distributes food and related products to restaurants, healthcare and educational facilities, lodging establishments and other foodservice customers. Primary operations are located in North America and Europe. Under the accounting provisions related to disclosures about segments of an enterprise, Sysco has aggregated certain operating segments into three reportable segments.
- U.S. Foodservice Operations – primarily includes U.S. Broadline operations, which distribute a full line of food products, including custom-cut meat, seafood, specialty produce, specialty imports and a wide variety of non-food products;
- International Foodservice Operations – includes operations in the Americas and Europe, which distribute a full line of food products and a wide variety of non-food products. The Americas primarily consists of operations in Canada, Bahamas, Mexico, Costa Rica and Panama, as well as operations that distribute to international customers. European operations primarily consist of operations in the United Kingdom (U.K.), France, Ireland and Sweden;
- SYGMA – U.S. customized distribution subsidiary; and
- Other – primarily hotel supply operations.
Broadline operating companies distribute a full line of food products and a wide variety of non-food products to both traditional and chain restaurant customers, hospitals, schools, hotels, industrial caterers and other venues where foodservice products are served. SYGMA operating companies distribute a full line of food products and a wide variety of non-food products to certain chain restaurant customer locations.
Sysco Financial Highlights
|Fiscal Year Ends||June 26, 2021|
|Most Recent Quarter||September 25, 2020|
|Return on Assets||4.03%|
|Return on Equity||-1.12%|
|Revenue Per Share||96.98|
|Quarterly Revenue Growth||-23.00%|
|Net Income Avi to Common||-21.41M|
|Quarterly Earnings Growth||-52.20%|
|Total Cash Per Share||11.79|
|Book Value Per Share||2.55|
|Cash Flow Statement|
|Operating Cash Flow||2.38B|
|Levered Free Cash Flow||2.21B|
Sysco Supply Sources
Sysco purchases from thousands of suppliers, both domestic and international, none of which individually accounts for more than 10% of purchases. These
suppliers consist generally of large corporations selling brand name and private label merchandise, as well as independent regional brand and private
label processors and packers. Sysco also provides specialty and seasonal products from small to mid-sized producers to meet a growing demand for locally sourced products.
The company administers consolidated product procurement program designed to develop, obtain and ensure consistent quality food and non-food products. The program covers the purchasing and marketing of branded merchandise, as well as products from a number of national brand suppliers, encompassing substantially all product lines.
Sysco focuses on increasing profitability by lowering operating costs and by lowering aggregate inventory levels, which reduces future facility expansion needs at our Broadline operating companies, while providing greater value to suppliers and customers.
Sysco distribution centers, which refers to as operating companies, distribute branded merchandise, as well as products packaged under private brands. Products packaged under private brands have been manufactured for Sysco according to specifications that have been developed by quality assurance team. In addition, quality assurance team certifies the manufacturing and processing plants where these products are packaged, enforces quality control standards and identifies supply sources that satisfy requirements.
Sysco Org Charts
Download the Sysco Deep-Dive Report to see organizational charts on key departments including Finance, HR, IT, Supply Chain, etc.
- Sysco Contact Info
- Sysco Org Charts on Corporate Structure, Executive Leadership, Sales, Marketing, Finance, HR, Supply chain, Technology R&D. Manufacturing, etc.
- Sysco Financial Insights
- Sysco SWOT Report
- Sysco Technologies in Use
- Sysco IT Budgets
- Sysco Social Media Profiles
Sysco Actionable Sales Trigger Events
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