Contact Us Contact Board of Directors Staff; Home / What's New / Military Holidays and Observances; Membership / MEMBERS ONLY / . Three Sachem Head board candidates were named to US Foods . Published. ROSEMONT, IL. . A dds response from US Foods. The US Foods Board announced that Pietro Satriano, Chief Executive Officer, is leaving the Company and will not stand for re-election as director at the upcoming 2022 annual meeting of shareholders. CEO Transition. Director since May 2017. Robert M. Dutkowsky, currently US Foods' independent lead director, has been. US Foods Holding Corp. has committed to improving its corporate governance practices and recently made some changes to its executive structure to further these efforts Board of Directors & Committee Composition. US Foods Holding Corp. has committed to improving its corporate governance practices and recently made some changes to its executive structure to further these efforts. "Ann is a highly accomplished senior executive with nearly 30 years of leadership experience across multiple industries, including technology, consumer . CEO Pietro Satriano retained his board seat, while Robert Dutkowsky, the lead independent director, was named non-executive chair. Ferguson and Toy will join the board's CEO search. This includes the additions of Barber, Ferguson and Toy, and the departure of John A. Lederer, who has informed the company that he is not standing for re-election. About Us. Memphis, TN 38141 901-367-3233 jimmy.kiser@usfoods.com usfoods.com. BOSTON — Activist investment firm Sachem Head on Monday cut its slate of director nominees at US Foods Holding Co to five from seven, backing away from plans to try and take control of the food distributor's board. Below is a summary of our committee structure and membership information. Pietro Satriano Steps Down as CEO and Will Not Stand for Re-election as Director at 2022 Annual Meeting of Shareholders Ro. CEO Transition. Effective immediately, the Board of Directors has determined to separate the roles of Chief Executive Officer and Chair. Hedge fund Sachem Head Capital Management is in advanced talks to drop a board challenge against US Foods Holding Corp in exchange for three seats on the food distributor's board of directors and . ISS wrote two board seats "may not have been sufficient to create change" and added "with three there is a path for the ideas of the dissident directors to seek support from a majority of their colleagues." Representatives for US Foods and Sachem Head did not immediately respond to requests for comment. US Foods Holding Corp. recently announced it has implemented a series of changes following a governance review by its Board of Directors. "Since our humble beginning and through the years that followed, it was our overriding goal to provide the consumers not only a flavoursome product with natural goodness, but also a complete product range of nutritious value. It now has a market value of $8.2 billion. About US Foods. Controller, Idaho Operations. BOSTON, Feb 15 (Reuters) - Investment firm Sachem Head Capital Management is trying to take control of US Foods Holding Corp's USFD.N board and has nominated seven . The trust in quality that is closely associated with our brand among the consumer is the key to . Chairperson Member Financial Expert. Taylor previously served as a director of US Foods from 2011 to 2017. ROSEMONT, Ill.-- ( BUSINESS WIRE )--US Foods Holding Corp. (NYSE: USFD) announced today that Sunil Gupta, the Edward W. Carter Professor of Business Administration at Harvard Business School, has . Hedge fund Sachem Head Capital Management is in advanced talks to drop a board challenge against US Foods Holding Corp in exchange for three seats on the food distributor's board of directors and the replacement of Chief Executive Officer Pietro Satriano, people familiar with the matter said on Monday. . Monday, February 14th, 2022. Hemmy Patel Holiday Inn Express . Mountain View Hospital. Victor Arrañaga. In addition, US Foods' Board has a track record of effecting change in the service of US Foods' shareholders: James Adamson. US Foods is one of America's great food companies and a leading foodservice distributor . Sachem Head cuts director slate to 5 in US Foods board battle. B y Svea Herbst-Bayliss BOSTON, April 11 (Reuters) - Activist investment firm Sachem Head on Monday cut its slate of director nominees at US Foods Holding Co USFD.N to five from seven, backing away. Separates Roles of Chair and Chief Executive Officer Lead Independent Director Robert M. Dutkowsky Elected Non-Executive Chair Elects New Chairs of Compensation and Nominating Corporate Governance Committees US Foods Holding Corp. (NYSE: USFD) ("US Foods" or the "Company"), one of the largest foodservice distributors in the United States, today announced that, following a governance . The hedge fund, US Foods' biggest shareholder with an 8.7% stake, announced the move in a regulatory filing less than two weeks after the company appointed two new independent directors to . Phone: 877.593.6637. ×. Idaho Materials & Construction, A CRH Company. Piggly Wiggly Sanford, NC. The Company is primarily engaged in marketing and distributing of fresh, frozen and dry food and non-food products to foodservice customers throughout the United States. United States of America Facebook YouTube LinkedIn (770) 413-0006 usapeec@usapeec.org Board of Directors . Following the 2022 annual meeting of shareholders on May 18, the US Foods Board will comprise 13 directors, all of whom will be independent. In addition, the Board has elected Cheryl A. Bachelder to serve as Chair of the Compensation Committee of the Board and Ann E. Ziegler to serve as Chair of the Nominating & Corporate Governance Committee of the Board, effective immediately. Board of Directors Officers. In addition, with diverse directors comprising 30% of the Board, it has cultivated a variety of viewpoints to inform its oversight of the Company. Lowes Foods Winston-Salem, NC. 2023) Vice President: Susan Bergman, Griffith Foods Inc. (Exp. Robert M. Dutkowsky has been appointed Executive Chair and Andrew Iacobucci has been appointed Interim Chief Executive Officer. Robert M. Dutkowsky has been appointed Executive Chair and Andrew Iacobucci has been appointed Interim Chief Executive Officer. May 9, 2022 12:55PM EDT. Most recently, he was the CEO & Executive Director of Guzman y Gomez (GyG) from 2015 to 2020. US Foods has struggled to boost profit margins in line with competitors such as Sysco Corp . Commodity Board Members. Vice President & General Manager. 2022) Treasurer: Paul Hargarten, Hawkins Inc. (Exp 2024) Secretary: Liz Morris, Elite Spice, Inc. (Ex Officio) Directors: BOSTON, Feb 15 (Reuters) - Investment firm Sachem Head Capital Management is trying to take control of US Foods Holding Corp's (USFD.N) board and has nominated seven directors, arguing that the . Robert M. Dutkowsky, currently US Foods' independent lead director, has been. ROSEMONT, IL - Action is the catalyst for fulfilling commitment. The board of US Foods has agreed to say goodbye to CEO Pietro Satriano from the foodservice distributor and to elect three board members from activist hedge fund Sachem Head's slate. Bob Stewart joined UniPro in March 2014 as the company's Chief Operating Officer with over 20 years' experience in foodservice distribution. The Company also announced changes to its Board of Directors in connection with a cooperation agreement with Sachem Head Capital Management LP ("Sachem Head"). In the letter, Sachem Head discusses the track record of underperformance at the Company under the current directors and management team and makes the case for why stockholders should help deliver a new culture of accountability at US Foods by voting on the GOLD proxy card to elect Sachem Head's five director nominees to the US Foods Board of . Your Board is focused on substantially enhancing value for shareholders, and we believe US Foods is executing the right plan to do . . Effective immediately, the Board of Directors has determined to separate the roles of Chief Executive Officer and Chair. We apologize, but this video has failed to load. Proxy adviser Institutional Shareholder Services (ISS) on Monday said US Foods Holdings shareholders should vote for three of Sachem Head Capital Management's five nominees, arguing the company . US Foods has struggled to boost profit margins in line with competitors such as Sysco Corp . The US Foods Board announced that Pietro Satriano, Chief Executive Officer, is leaving the Company and will not stand for re-election as director at the upcoming 2022 annual . Pietro Satriano Steps Down as CEO and Will Not Stand for Re-election as Director at 2022 Annual Meeting of Shareholders Ro. Independent Non-executive Director. US Foods CEO Steps Down; Changes Made to Board of Directors MarketWatch 4 hours, 3 min ago BoardMoves US Foods Holding Corp. said Chief Executive Officer Pietro Satriano is stepping down and won't stand for re-election as a director at the 2022 annual shareholder meeting. Robert M. Dutkowsky Non-Executive Chairman Pietro Satriano President, Chief Executive Officer & Director Dirk Locascio Chief Financial Officer John A. Tonnison Executive VP, Chief Information &. Member: Audit & Risk Committee / Member: Remuneration & Nomination Committee Mark Hawthorne brings more than 25 years' of retail and franchising experience gained as an executive leading franchisee centric brands. Floco Foods Lake City, SC. ISS wrote two board seats "may not have been sufficient to create change" and added "with three there is a path for the ideas of the dissident directors to seek support from a majority of their colleagues." Representatives for US Foods and Sachem Head did not immediately respond to requests for comment. Tim Lowe President. CEO Transition. DEERFIELD, Ill.--(BUSINESS WIRE)--Walgreens Boots Alliance, Inc. (Nasdaq: WBA) today announced the election of US Foods President and Chief Executive Officer John Lederer to the board of directors . Executive Board of Directors. ROSEMONT, IL - US Foods Holding Corp. has announced that Sunil Gupta, Edward W Carter Professor of Business Administration at Harvard Business School, was appointed to the company's Board of Directors beginning this month."Sunil is among the most sought-after experts in how technology is shaping business strategies in the digital era," said Pietro Satriano, Chairman and Chief Executive . This website uses cookies to ensure you get the best . US Foods Holding Corp. (NYSE: USFD) ("US Foods" or the "Company"), one of the largest foodservice distributors in the United States, today announced that, following a governance review by the Board of Directors (the "Board")", it has implemented a series of changes consistent with its commitment to best practices of corporate . One of the sources said US Foods' board of directors has in recent months deliberated about Satriano's succession. ROSEMONT, Ill., May 10, 2022--US Foods Holding Corp. (NYSE: USFD) ("US Foods" or the "Company"), one of the largest foodservice distributors in the United States, today announced a transition of its Chief Executive Officer. BOARD OF DIRECTORS. Pat Armstrong*. Wayne, New Jersey 07470. Sachem Head appointees to US Foods' board include James Barber Jr., Sachem Head founder Scott Ferguson and David Toy, effective May 18, 2022. Name Total COMPENSATION; Ann E. Ziegler: Total Cash $237,507: Carl Andrew Pforzheimer: Total Cash $237,507: Chief Executive Officer. Director, Hershey Trust Company; Member, Board of Managers, Milton Hershey School (February 2016 to present) Chief of Staff, United States Senator Robert P. Casey, Jr. (January 2007 to February 2016) Partner, SCP Private Equity Partners (January 1996 to December 2006) Robert M. Dutkowsky has been appointed Executive Chair and Andrew Iacobucci has been appointed Interim Chief Executive Officer. Tyson Foods' Board of Directors is comprised of successful leaders in diverse businesses and led by Chairman John Tyson, grandson of the company's founder. BOSTON (Reuters) -Investment firm Sachem Head Capital Management is trying to take control of US Foods Holding Corp's board and has nominated seven directors . - USA, IL - US Foods Holding Corp. (NYSE: USFD) announced today that Ann E. Ziegler, Senior Vice President and Chief Financial Officer of CDW Corporation, has been appointed to join the Board of Directors effective January 1, 2018. Cheryl A. Bachelder has been appointed, effective October 1st.Bachelder has a long list of experience to recommend her. Greg Adams 1st Vice President. The slate is now posted on our website for election starting December 13, 2021 through December 15, 2021. . US Foods has been . The foodservice distributor stated the changes to its executive structure are consistent with its commitment to best practices of corporate governance. The activist fund, which has a 8.7% . Over the last four years, the Board has added four new members, reflecting a commitment and openness to fresh ideas, and resulting in an average tenure of the US Foods Board of 5.4 years. Your privacy is important to us. The US Foods Board announced that Pietro Satriano, Chief Executive Officer, is leaving the Company and will not stand for re-election as director at the upcoming 2022 annual meeting of shareholders. Close. In the early days of her career, Bachelder's career included brand . Mr. Lederer has served on the board of directors of US Foods since 2010 and on the board of directors of Maple Leaf Foods since 2016. May 9, 2022 12:55PM EDT. About US Foods US Foods is one of America's great food companies and a leading foodservice distributor, partnering with approximately 300,000 restaurants and foodservice operators to help their businesses succeed. 2021-2022 Board of Directors. Why it matters: The agreement is a win for Sachem Head and its founder, Scott Ferguson, who initially argued that US Foods should consider putting itself up for . Bob Stewart. Hedge fund Sachem Head Capital Management is in advanced talks to drop a board challenge against US Foods Holding Corp in exchange for three seats on the food . US Foods 5900 E. Holmes Rd. US Foods said that CEO Pietro Satriano, left, will leave the company and will be replaced by Andrew Iacobucci, right, as interim CEO. Published. This will be true for US Foods Holding Corp. (US Foods or the Company) at our May 18, 2022 Annual Meeting. The US Foods Board announced that Pietro Satriano, Chief Executive Officer, is leaving the Company and will not stand for re-election as director at the upcoming 2022 annual . Sr. VP of Gov't & Specialty Channels, STERLING FOODS, LLC, 1075 Arion Parkway, San Antonio, TX78216, Tel. Hedge fund Sachem Head Capital Management is in advanced talks to drop a board challenge against US Foods Holding Corp in exchange for three seats on the food . The board of US Foods has agreed to say goodbye to CEO Pietro Satriano from the foodservice distributor and to elect three board members from activist hedge fund Sachem Head's slate. As a result, independent lead director Robert M. Dutkowsky will step up as non-executive Chair while Pietro Satriano continues as CEO and director. US Foods Announces CEO Transition and Board Changes Research: Stocks: News Story The Company also announced changes to its Board of Directors in connection with a cooperation agreement with Sachem Head Capital Management LP ("Sachem Head"). SpartanNash Greenville, NC. Sachem Head wants you to believe that US Foods cherry-picked the October 6, 2021 date to suit our interests. To learn more about committee members, click on the individual's name in the chart. The US Foods Board is composed of ten highly qualified directors with significant expertise in the foodservice and restaurant industry as well as distribution, finance, technology, governance and . As part of the Board's refreshment process, John Lederer, US Foods' former CEO and a director since 2010, will not stand for re-election at the 2022 Annual Meeting. "The company does not comment on rumors," a company spokesperson said. The recommended slate was unanimously approved by the board of directors at the November 2021 board meeting. Mr. Taylor has substantial corporate finance and technology . Robert M. Dutkowsky has been appointed Executive Chair and Andrew Iacobucci has been appointed Interim Chief Executive Officer. The company's Board of Directors recently completed a governance review and announced the following changes as a result.A press release outlined that the Board . Jim Hoben - Wampler Foods 1993 - 1994 Thierry Murad - AJC International 2011 - 2012: . The US Foods Board announced that Pietro Satriano, Chief Executive Officer, is leaving the Company and will not stand for re-election as director at the upcoming 2022 annual meeting of shareholders. His foodservice experience began in 1991 with Kraft Foodservice in Pittsburgh, PA where he held several . 510-754-0358 . US Foods Announces CEO Transition and Board Changes Research: Stocks: News Story View the Tyson Foods, Inc. leadership team with backgrounds in agriculture, food sciences, . President and CEO. The size of the Board has been temporarily increased from ten to 12 directors, effective immediately, and will revert to 11 directors, effective following the 2022 Annual . He served on the board of directors of Restaurant Brands International from 2014 until 2016 and as a director of Tim Hortons Inc. from 2007 until 2014, when it was acquired by Restaurant Brands International. of the Board, effective immediately. 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