Sysco Corporation (NYSE:SYY), the leading global foodservice distribution company, today announced that its board of directors has elected Edward D. Shirley as independent lead director, effective today.
This follows the retirement of Jackie M. Ward and the election of Tom BenÃ© as Syscos chairman of the board. In his new role, Shirleys responsibilities will include coordinating the activities of the independent directors and serving as a liaison between the chairman, president and chief executive officer and the other independent directors and helping to facilitate the boards oversight and shareholder responsiveness. Ed has provided exceptional leadership and valuable insights as a member of our board over the last two years, said Tom BenÃ©, Syscos president and chief executive officer.
We are committed to good corporate governance practices and believe that the addition of an independent lead director will help to enhance corporate oversight. The board looks forward to working with Ed in his new role. Shirley was the president and chief executive officer of Bacardi Limited from 2012 -2014. Prior to that, he was vice chairman of Procter & Gamble and held several senior executive positions during his 27 years with The Gillette Company (purchased by Procter & Gamble in 2005). He is currently a director on the board of New York Life Insurance Company. He previously served on the boards of Elizabeth Arden, Inc. and Time Warner Cable Inc. About Sysco Sysco is the global leader in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging …
[Read on via official release]
Source: US SEC
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