Sysco Corporation, a leading global foodservice distribution company, today announced that Aaron Alt will step down as executive vice president and chief financial officer, effective January 6, to accept another opportunity.
Neil Russell, senior vice president of Corporate Affairs and chief communications officer, has been appointed interim CFO. As part of his current and previous roles, Neil brings extensive experience leading investor relations, financial planning & analysis, treasury, as well as other financial functions. The company has commenced a search for a permanent successor with the assistance of an independent recruitment firm.
“On behalf of our entire team, I thank Aaron for his many contributions to Sysco,” said Kevin Hourican, Sysco’s president and chief executive officer. “Under his financial leadership, we have strengthened our balance sheet and credit rating, improved business planning and forecast capabilities, and made important investments in our supply chain. Aaron also led a process to achieve significant cost reductions and a strong capital allocation program. We wish Aaron well in his next endeavor.
Neil brings extensive and relevant expertise to the interim CFO role. He is qualified, respected both internally and externally, and well-equipped to support the continued execution of our financial strategy. During his tenure with Sysco, he has led Investor Relations, Government Relations, Sustainability and Communications in addition to serving as treasurer. We are grateful that he has stepped into this role while we conduct a search for a successor.”
Russell began his Sysco career in 2007, as vice president, Investor Relations, successfully managing relationships with equity markets and expanding Sysco’s shareholder base. Prior to Sysco, Russell held roles in Strategic Planning, Revenue Management and Financial Auditing at America West Airlines, and Investor Relations, Financial Planning & Analysis, Mergers & Acquisitions and Strategic Planning at Delta Air Lines.
About Sysco
Sysco is the global leader in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. Its family of products also includes equipment and supplies for the foodservice and hospitality industries. With more than 71,000 associates, the company operates 333 distribution facilities worldwide and serves approximately 700,000 customer locations.
