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MarketScreener Homepage  >  Equities  >  Nyse  >  Sysco Corporation    SYY

SYSCO CORPORATION

(SYY)
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Sysco : CEO Bene Stepping Down, Hourican Named New CEO

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01/13/2020 | 08:04am EST

By Michael Dabaie

Sysco said Tom Bene will step down as president and chief executive effective Jan. 31.

The foodservice distribution company's board named Kevin Hourican as new president and CEO starting Feb. 1.

Mr. Hourican most recently was as executive vice president of CVS Health and president of CVS Pharmacy.

Mr. Bene will stay on with Sysco as an executive advisor until March 1.

The board also elected lead independent director Ed Shirley as executive chair, replacing Mr. Bene, and Brad Halverson has been elected as the new lead independent director.

"While Sysco's performance has improved steadily the last few years, the board believes that the senior leadership changes announced today will enable the Company to accelerate performance, fully capitalize on its scale advantages and drive meaningful operating improvements," Sysco said.

Write to Michael Dabaie at michael.dabaie@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
CVS HEALTH CORPORATION -5.29% 64.33 Delayed Quote.-13.41%
SYSCO CORPORATION -1.97% 74.05 Delayed Quote.-11.69%
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Financials (USD)
Sales 2020 61 380 M
EBIT 2020 2 860 M
Net income 2020 1 806 M
Debt 2020 7 367 M
Yield 2020 2,34%
P/E ratio 2020 21,1x
P/E ratio 2021 18,5x
EV / Sales2020 0,73x
EV / Sales2021 0,70x
Capitalization 37 655 M
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Technical analysis trends SYSCO CORPORATION
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TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 15
Average target price 80,77  $
Last Close Price 74,05  $
Spread / Highest target 26,9%
Spread / Average Target 9,07%
Spread / Lowest Target -16,3%
EPS Revisions
Managers
NameTitle
Kevin Hourican President & Chief Executive Officer
Edward D. Shirley Executive Chairman
Joel Todd Grade Chief Financial Officer & Executive Vice President
Mickey Foster Chief Information & Technology Officer
John M. Cassaday Independent Outside Director
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