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Press Releases

Sysco Names Ajoy Karna as Senior Vice President International Foodservice Operations - Europe

03/24/2017

HOUSTON, March 24, 2017 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) today announced that Ajoy H. Karna has been named senior vice president, international foodservice operations – Europe,  effective April 17, 2017. Karna will be responsible for Brakes Group, which encompasses Sysco’s operations in Europe, including the United Kingdom, Ireland, France, Sweden, Spain, Belgium and Luxembourg. Ken McMeikan, CEO of Brakes Group, will remain with the Company for a  brief transition period.

“Since joining Sysco in 2012, Ajoy has demonstrated strong leadership abilities and has had a positive impact on our overall business, both domestically and internationally,” said Tom Bené, Sysco's president and chief operating officer. “His responsibilities have been broad ranging, including treasury, capital strategy, and the execution of mergers and acquisitions; and he was most recently responsible for leading finance across all of Sysco’s operating units and led the transition and alignment of the Sysco and Brakes Group Finance teams.  We will leverage Ajoy’s track record of driving results, strategic thinking and collaborative leadership style, in partnership with the solid leadership and deep operating experience of the Brakes team, to position us for continued growth across all of Europe.” 

In his new role, Karna will report directly to Tom Bené.

“We appreciate Ken’s leadership and his contribution to the successful transition of Brakes Group since joining with Sysco,” said Sysco’s chief executive officer, Bill DeLaney. “Under Ken’s direction, Brakes Group has enjoyed solid progress. We wish him well in his future endeavors.”

Prior to joining Sysco, Karna served in various leadership positions at PepsiCo, gaining domestic and international experience in a variety of areas. At Frito Lay, he was senior vice president of Finance and had oversight of the company’s field, customer, foodservice, brand finance, and pricing finance teams. He also was senior vice president, mergers and acquisitions, in PepsiCo’s corporate group between 2006 and 2009.  Prior to that, he served in numerous roles of increasing responsibility at Frito Lay and The Quaker Oats Company.

Karna graduated from Georgetown University with a Bachelor of Science degree in finance and the J.L. Kellogg Graduate School of Management at Northwestern University with a Master of Business Administration degree.

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. The company operates 198 distribution facilities serving approximately 425,000 customers. For fiscal year 2016 that ended July 2, 2016, the company generated sales of more than $50 billion. Subsequent to fiscal year 2016, the company completed the acquisition of the Brakes Group, a leading European foodservice distributor with operations in the United Kingdom, Ireland, France, Sweden, Spain, Belgium and Luxembourg.

For more information, visit www.sysco.com or connect with Sysco on Facebook at www.facebook.com/SyscoCorporation or Twitter at https://twitter.com/Sysco.  For important news and information regarding Sysco, visit the Investor Relations section of the company's Internet home page at www.investors.sysco.com, which Sysco plans to use as a primary channel for publishing key information to its investors, some of which may contain material and previously non-public information.  Investors should also follow us at www.twitter.com/SyscoStock and download the Sysco IR App, available on the iTunes App Store and the Google Play Market. In addition, investors should continue to review our news releases and filings with the Securities and Exchange Commission.  It is possible that the information we disclose through any of these channels of distribution could be deemed to be material information.

For more information contact:

Neil Russell
Investor Contact
T +1 281-584-1308
Russell.neil@corp.sysco.com

Camilla Zuckero
Media Contact
T +1 281-899-1839
Zuckero.camilla@corp.sysco.com

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Source: Sysco Corporation

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Current Stock Price

52.87 -0.56 -1.05% Volume: 2,810,104 April 28, 2017

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 food service and hospitality industries.