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SYSCO CORPORATION

(SYY)
  Report
Delayed Nyse  -  04:00 2022-12-01 pm EST
86.04 USD   -0.54%
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SYSCO CORP : Change in Directors or Principal Officers (form 8-K)

09/20/2022 | 08:32am EST

ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS;

APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN

OFFICERS.

Appointment of Interim Chief Accounting Officer

On September 16, 2022, the Board of Directors (the "Board") of Sysco Corporation ("Sysco" or the "Company") appointed Ms. Anita A. Zielinski, Senior Vice President and Chief Accounting Officer, to her new role as Senior Vice President, Chief Financial Officer - US Foodservice Operations of the Company, effective September 26, 2022 (the "Effective Date"). The Company has commenced a search for her successor and will make an announcement when her successor has been appointed. Ms. Zielinski has served as Sysco's Chief Accounting Officer for five years, having previously worked for Ernst & Young, LLP, a public accounting firm, for over 20 years. Ms. Zielinski will broaden her financial impact at Sysco by moving into the Company's largest business unit chief financial officer position.

Mr. Scott B. Stone, the Company's Vice President, Financial Reporting, has been appointed by the Board to serve as interim Chief Accounting Officer from the Effective Date until the appointment of Ms. Zielinski's successor. Mr. Stone has served as the Company's Vice President, Financial Reporting since July 2011. Prior to joining Sysco in April 2006, Mr. Stone had served as a Senior Manager of Deloitte & Touche, LLP, a public accounting firm, from September 1996 to March 2006.

Mr. Stone does not have a written employment agreement. There is no arrangement or understanding with any person pursuant to which Mr. Stone is being elected as interim Chief Accounting Officer. There are no family relationships between Mr. Stone and any director or executive officer of the Company, and he is not a party to any transaction requiring disclosure under Item 404(a) of Regulation S-K.

Retirement of Director John Cassaday

On September 20, 2022, the Board announced that Mr. John M. Cassaday, a member of the Board and the Chair of the Compensation and Leadership Development Committee of the Board, will retire from his service as a director at the time of Sysco's 2022 Annual Meeting of Stockholders, currently scheduled for November 18, 2022.

                                     - 2 -

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© Edgar Online, source Glimpses

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