US Foods Holding Corp. announced changes to its Board of Directors in connection with a cooperation agreement with Sachem Head Capital Management LP. The US Foods Board announced that Pietro Satriano will not stand for re-election as director at the upcoming 2022 annual meeting of shareholders.

Robert M. Dutkowsky has been appointed Executive Chair. Dutkowsky currently serves as non-executive Chairman of the Board. Pursuant to the cooperation agreement with Sachem Head, the Board's Nominating and Corporate Governance Committee has appointed James J. Barber, Jr., Scott D. Ferguson and David A. Toy as new independent directors, effective May 18, 2022.

Following the 2022 annual meeting of shareholders on May 18, the US Foods Board will be comprised of 13 directors, all of whom will be independent. 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.